India Toward Becoming Hub Of Global Management Education

Management education in India consists of rich background and has given many prudent management professionals to the world who are leading big firms.

Mayank Daundiyal, Dean, Jindal Global Business School, said that it would be interesting to see how many B-schools and top management universities in the world would set up here in India. 

Daundiyal also highlighted the expensive cost of admission in global B-schools that are going to be set up in India. “If one looks at the tuition fees a typical student pays to the public or private institution in India is just a fraction of what top B-school charge outside India, then we need to look up to its viability," he said.

He was speaking at BW Education Future Of Management Education Conclave 2023, organised by BW Businessworld on Thursday in New Delhi.

The moderator, Mohit Aggarwal, Founder, of Doon Business School Group, Dehradun initiated the conversation with the point, when the Government of India has rolled out a policy to bring foreign universities into the ambit of higher education, the role of in-house institutions needs to be discussed. 

In this regard, Dr Madhu Chitkara, Pro-Chancellor, Chitkara University stated, “If the foreign institute and universities going to establish in the diverse countries like India, they will not compromise with their fee structure what they have in their country and people are not going to pay that.”  

While Dr Subir Verma, Director, of the Institute of Management, Nirma University called the entire movement of foreign universities coming to India part of the way the entire management education has grown over the world. 

“Since 1990, the LPG movement is our time. We are noticing the emergence of a new category of students who are just acquiring management education just on the basis of fees,” said Verma.

"Making India a hub of global management education is about enhancing the quality of management education in India to match the global benchmark," stressed Prof (Dr) Sanjeev Bansal, Dean - Faculty of Management Studies, Director, Amity Business School.

He stated, “As an educator, coming of foreign universities to India does not worry me but I am worried about how we have to make ourselves equipped with the standards that foreign universities are taking care of.” 

Bansal added that when we talk about global management education, very first we need to take care of the quality of the education. 

Coming of foreign education institutions is going to be a big change for Indian education institutions, educators, management and students, while every stakeholder involves in the sector anticipates it to be a significant step towards making India a hub of global management education.