What is the importance of MBA education in a country like India?
I think it’s extremely important. In the top B-schools of India like the IIMs, MDI and IMT, the first year is all about developing a strong ground in the basics of management. Even the doctorate students have to undergo the same. It helps the students develop an all-round perspective. That gives a very good foundation to the MBAs when they rise in an organisation. On the onset of their careers when they work in departments like marketing or sales, they concentrate on that particular area. But when they become the General Manager of a company, they need the basic knowledge. First year is especially very important. The second year of elective papers also gives them a good depth of particular areas they are interested in. It provides them with good exposure to the practical field also as they have to do a lot of project work and case studies. But here I am talking about good B-schools only. An institute which is not much reputed doesn’t have a good faculty or a good affiliation. Q: What a
