Business Ethics and The Bhagavad Gita by Subba Rao Pulapa

Author:Subba Rao Pulapa
Language: eng
Format: epub
ISBN: 9783030456306
Publisher: Springer International Publishing

Professor:

Welcome, Mr. Gopal. Do you want me to explain any other sub-sector?

Mrs. Ishani:

Professor, management education is another popular sector like engineering in India. Could you please explain about management education sub-sector?

Professor:

Yes, Mrs. Ishani. This sub-sector is also highly reactive to the environment like engineering sub-sector. Let me explain.

Management Education in India

India is one of the major producers of management graduates also. There are a variety of management institutes in India, viz. Indian Institutes of Management, management departments of central and state universities, management departments of deemed and private universities, colleges affiliated to state public universities offering management programmes and autonomous institutes established with the approval of All India Council for Technical Education (AICTE). AICTE was delegated with the authority of planning, coordinating, managing and regulating engineering and management education in India with the power of accreditation of management institutes/colleges and universities offering management programmes with effect from 1987 under All India Council for Technical Education Act, 1987 [20].

There were more than 3500 management colleges offering postgraduate programmes in India in 2015–2016 academic year, and a number of seats available were around 520,000 in 2015–2016 against 320,000 seats in 2011–2012. There were over 3000 management colleges recognised by AICTE in 2017–2018 [29].

According to D.S. Rawat, Secretary General of Associated Chamber of Commerce and Industry of India (ASSOCHAM), ‘there are more seats than the takers in the B-schools. This is not surprising in the wake of poor placement records of the pass-outs’. Rawat further indicated that the ‘quality of higher education in India across disciplines is poor and does not meet the needs of the corporate world’ [30].

It was felt that massive expansion of management education in India with very poor quality of students’ intake, substandard and inexperienced faculty members and poor quality of computer laboratories and library facilities resulted in lowering instructional and examination standards in most of the management colleges. Consequently, India produced a large number of management graduates who were unemployed. A study of ASSOCHAM’s Education Committee noted that only 7% of management graduates were eligible to be employed [30].

One of the former presidents of the Republic of India, in a convocation address at the Birla Institute of Technology, Mesra, on 10 January 2016, indicated that increase in private higher education ‘…. accounting for greater student enrolment with continued proliferation has resulted in a greater access but has made an alarming distress in the quality of the education. Therefore we shall have to work very hard’, as reported in the Times of India [31].

It was felt that parents and/or sponsors of management students spent lakhs of rupees for their management education, but the salary that was offered to most of them was abnormally low, had they been offered a job.

Centre for Forecasting and Research, New Delhi’s research indicates several irregularities and unethical practices of private business schools. These irregularities/unethical practices include sale of seats reserved for candidates of reserved categories to general/unreserved categories in Karnataka and providing admissions to the unqualified candidates who were the children of police officers in New Delhi even without conducting eligibility test which was a mandatory requirement [32].

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