When it comes to higher education in India, an MBA is always the preferred choice. As more multi-national corporations line up their operations in the country, the demand for exceptionally trained management graduates has hit an all-time high. In response to this, in 2017 alone, more than 200000 students graduated with an MBA degree from over 5000 institutes.
At the end of the day, professionals in corporates, whether they are from an engineering background or have pursued a degree in arts, are increasingly feeling the need to polish their management skills, business acumen and corporate mannerisms.
Thus, we can confidently say that the future of MBA education in India has hit its zenith. But hear us out, for there’s a lot more to come, especially if you are planning to pursue your education from an innovative, future-ready MBA school in Delhi such as IILM, or from institutions of similar ilk in Mumbai or other metropolises.
Technology is going to take over big time:
Innovation has emerged as a major disrupter in many facets of the world. As virtual technology, augmented reality, high speed internet and connectivity, social media, robotics, and AI continue to evolve, we will see them become common in MBA classrooms, teaching methodologies, and more – right from how students attend classes to how the faculty assesses and gives feedback. Already, many top institutes in the country have integrated sophisticated technology on their campus and in their curriculum.
Online MBAs are going to become more popular:
Taking cue from the previous point, we can safely assume that online MBA education will become an easy to choice to make for many students in India. Distance learning MBA programs are already in full swing in the country. With our world now more digitally connected than ever, thanks to the rise of social media and internet, studying online is gradually leaving behind classroom education thanks to readily available study material, better interaction with faculty, and innovative ways of communicating and exchanging thoughts and ideas.
Experiential learning will become ubiquitous:
In management institutes like IILM – a world class MBA institute in Delhi, the focus has already moved from educating MBA students outside the four walls of the classrooms or the boundaries of the campus. Experiential learning is something such institutes in India excel in as they provide students the opportunity to learn from real-life experiences, case studies and problem solving in the corporate world. Core industry internships, institution-industry project collaborations, student exchange programs, participation in classrooms abroad – all such experiences will become the norm.
Entrepreneurship courses will grow by leaps and bounds, especially in Tier-II, III and IV cities:
The coming years will see entrepreneurship skyrocket in secondary and tertiary cities and regions of the country where majority of the population comes from a family business background. As India grapples with solutions for management and technology problems at the rural level, entrepreneurship courses in MBA will become a beacon of hope for the nation and a great opportunity for the bright minds in the region.
Specialized MBAs will see increased demand:
With more and more companies looking for individuals with specific skillsets, industrial specializations in MBA will become more common-place. From sports management to agricultural management, many specializations will provide students in India an opportunity to educate themselves in industry and interest-specific MBA courses.
Personality development and soft skills will receive more attention
The nature of jobs in the industry and in the corporate world is changing rapidly. As more and more automation comes into place to take care of the technical side of things, companies will focus on hiring individuals with exceptional soft skills – something that robots and machines can’t be trained to do. Thus, MBA education in India will respond to this by offering increased courses and training on polishing students and developing their personality from the get go.
According to AIMA, Indian management education will emerge as the 2nd best in the world after the US by 2025. From this, we can conclude that the trends mentioned above will play a key role in redefining the future of MBA education in India.