The MBA degree as we know it has been in the doldrums for a while. Increasingly, as jobs across both traditional and new-age industries place less emphasis on graduate programmes, online courses become easily available, and specialized short-duration certificates gain popularity, young people question the value and need for what is almost always an expensive degree.
Furthermore, as the effects of Covid-19 accelerate ed-tech adoption, it is clear that traditional education will require a re-think. In particular, MBA programmes that were already seeing a decline in applications in many countries, now see themselves questioning the status quo.
The value of an MBA, however, in my mind cannot be diminished just yet. The Xavier School of Management (XLRI), founded in 1949, the Indian Institute of Management (IIM) Ahmedabad, founded in 1961, and more recently the Indian School of Business (ISB) in 2001, along with other prominent business schools in India, have groomed and developed many of our country’s current as well as emerging corporate leaders.
Source: Business Standard
