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|Management Education at Cross Roads|
Management education is becoming increasingly important and the most sought after post–graduate degree among graduates. Any developing country for its economic and social development requires well qualified managers and administrators. Also, Industry requires competent managers all the times--in times of recession, to revive the economy; and in the times of growth, to frog-leap the competition.
Management education, therefore, is ever-green with job opportunities. However, to what extent our management graduates are getting the right type of management education? Indian Industry Survey reports that only 15% of management graduates are employable and 85 % unemployable. It is also found that management programs offered by many colleges and universities suffer from serious drawbacks and criticism, such as:
1. The courses remain too theoretical and do not equip students with the right Attitudes, Skills and Knowledge (ASK) required for them to be employable.
2. Students are not properly educated either to fit the industry requirements or to be entrepreneurial to start and grow up small and medium companies. Students only get a degree but not the industry-required qualifications.
3. Neither the institutions nor the students are clear as to what kind of “product specification” is achieved at the end of the two years of study i.e., the quality of students produced and their ASK levels.
4. More than 85% of the students who complete their MBA/PGDM are not industry ready.
5. Just as customers would like to know about the specifications and quality before buying any “product”, industry would also like to know and be assured of the product specification (Quality) of the Graduates it wants to hire!
IAMEE addresses all the above problems in its ACITE approved 2 year full time PGDM program.
We, in IAMEE, through very innovative “teaching-learning” methodology:
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