Business Education Industry Insight

Published by: Cygnus Business Consulting and Research

Published: Mar. 1, 2009 - 152 Pages

Table of Contents

Executive Summary

Highlights

1. Business Education in India - An Overview

1.1 Academic Qualification Framework in Higher Education

1.1.1 Master's / Postgraduate level

1.1.1.1 Entry level exams for management institutes

1.1.2 Doctoral / Pre-doctoral level

1.2 Statutory Bodies

1.2.1 Statutory bodies in higher education

1.2.1.1 University Grants Commission (UGC)

1.2.1.2 All India Council for Technical Education (AICTE)

1.2.1.3 State Government

1.2.1.4 Central Government

1.3 Types of Higher Education Providers

1.3.1 Private Institutions

1.3.2 Distance Education Providers

1.3.3 Self-financing Courses in Public Institutions

1.3.4 Foreign Education Providers

1.3.5 Non-university Sector

1.4 Structure of Indian Business Education Market

1.4.1 Campus and Distance Delivery

1.5 Trends in Public Expenditure on Higher Education

1.6 Financing Available for Students

1.7 Major Management Education Hubs

1.8 Demand for Fresh MBA Graduates - an Outlook

1.9 Recent Trend -Indian B-schools in Abroad

2 Quality Accreditation - National & Foreign Bodies

2.1 NAAC

2.2 NBA

2.3 Global Accreditation

2.4 AMBA Accreditation

3. Major Management Institutes

3.1 IIM -Ahmadabad

3.2 IIM -Bangalore

3.3 Indian School of Businesses (ISB)

3.4 IIM -Kolkata

3.5 XLRI- Jamshedpur

3.6 IIM -Lucknow

3.7 IIM -Kozhikode

3.8 IIM -Indore

3.9 IBS- Hyderabad

3.10 Management Development Institute (MDI)- Gurgaon

3.11 Institute of Management Technology (IMT)- Ghaziabad

3.12 SP Jain Institute of Management

3.13 Amity University

3.14 Symbiosis Institute of Business Management

3.15 Indian Institute of Planning and Management

3.16 Institute for Technology and Management

4. Growth Drivers

5. Issues & Challenges

5.1 FDI in Higher Education

5.2 Mismatch in Education Curriculum and Industry Needs

5.3 Attracting Students at the Entry Level with Placement Records

5.4 Challenges in the Way of Becoming a World-class Institution

5.5 Issues Related to Quality Certification

5.6 Quality of Colleges/Institutes - Ranking

5.7 Other Issues Faced by the MBA Institutions

5.7.1 Fee Structure of B-schools

5.7.2 Faculty & Placements

5.8 Suggested Strategies

6. Ranking of Business Schools and Placements

6.1 Survey by Financial Times 2008

6.2 Placement Scenario in Business Education

6.2.1 Top Recruiters in MBA

6.2.2 Employability of the MBA Graduates from Tier 2 and Tier 3 Institutes

6.2.3 Salary Offered to IIM Students

6.3 Domestic Salary and International Salary Offered in B-schools in 2008

6.4 Overseas placements for pass outs from Indian B-Schools in 2008

6.5 Job offers per student (B-schools) in 2008

6.6 MBA placement 2008

7. Critical Success Factors

7.1 Identification of suitable location and availability of land

7.2 Customising best practices for organisational development

7.3 Selection of professors & lecturers

7.4 Selection of students

7.5 Cost matters

7.6 Placement of students

7.7 Strong Marketing & Promotional Planning

7.8 Branding

8. Foreign Universities & Collaboration in India

8.1 IIMs in Foreign Collaboration

8.2 Foreign Universities Coming to India - Issues and Challenges

8.3 AICTE Regulations for Entry and Operation of Foreign Universities in India imparting technical education, 2005

9. International Business Schools and Recruitment

9.1 Preferred MBA Destinations

9.2 Top Business Schools by Region

9.3 Geographical Distribution

9.3.1 Sectoral Distribution

10. Outlook

Annexure 1 108 Estimated Cost & Revenue Structure of Private Management Institutes

Annexure 2 - Foreign Collaborated Institutions

Annexure 3 - State-wise list of MBA coaching classes in India

Annexure 4 - Region wise List of Institutes Offering Distance Education

Annexure 5 - List of abbreviations

Annexure 6 - BIBLIOGRAPHY

Annexure 7 - State wise Recently Registered MBA schools

LIST OF TABLES

Table 1.1: Entry Level Exams and the Respective Eligibility Norms

Table 1.2: Authorities and Mandates

Table 1.3: Distance State Open Universities

Table 2.1: Indian B-Schools Accreditation Status

Table 3.1: Indian Institute of Management- Ahmadabad

Table 3.2: Indian Institute of Management- Bangalore

Table 3.3: Indian School Of Business- Hyderabad

Table 3.4: Indian Institute of Management- Kolkata

Table 3.5: Xavier Labour Relations Institute- Jamshedpur

Table 3.6: Indian Institute of Management- Lucknow

Table 3.7: Indian Institute of Management - Kozhikode

Table 3.8: Indian Institute of Management - Indore

Table 3.9: ICFAI Business School- Hyderabad

Table 3.10: Management Development Institute- Gurgaon

Table 3.11: Institute of Management Technology (IMT), Ghaziabad

Table 3.12: SP Jain Institute of Management and Research

Table 3.13: Amity University

Table 3.14: Symbiosis Institute of Business Management (SIBM)

Table 3.15: Indian Institute of Planning and Management (IIPM)

Table 3.16: Institute for Technology and Management

Table 5.1: World Ranking of Universities

Table 6.1: Top 100 B- schools (Globally)

Table 6.2: CNBC TV18 'A of B Ranking'

Table 6.3: Top Recruiters for Placements in MBA in 2007

Table 6.4: Top Recruiters at IIMs in 2008

Table 6.5: Statistical Data Regarding Salaries Offered to Students of IIMs( 2008)

Table 6.6: Overseas Offers for Pass outs from Indian B-schools -2008

Table 6.7: Offers per Student (B-Schools) -2008

Table 6.8: MBA Salaries (2008) in Major Institutes

Table 9.1: Top Five Preferred Destinations

Table 9.2: Recruiters Top 20 Business Schools in Asia Pacific

LIST OF FIGURES

Figure 1.1: Current & Estimated Demand for Various Segments of Vocational Education & Training Markets of India (in US$mn.)

Figure 1.2: Major Business School Hubs in the Country (October 2008)

Figure 1.3: Demand & Supply for MBAs

Figure 6.1: Finance Placements - IIMs

Figure 6.2: Consulting Placements - IIMs

Figure 6.3: Marketing Placements - IIMs

Figure 6.4: IT Placements - IIMs

Figure 6.5: Function-wise Placements in IIM A (%)

Figure 6.6: Function-wise Placements in IIM B (%)

Figure 6.7: Function-wise Placements in IIM C (%)

Figure 6.8: Function-wise Placements in IIM L (%)

Figure 6.9: Function-wise Placements in IIM I (%)

Figure 6.10: Function-wise Placements in IIM K (%)

Figure 6.11: Function wise distribution in SIBM (2008)

Figure: 6.12: Function wise Distribution 2008

Figure 9.1: Geographical Distribution (2007)

Figure 9.2: Sectoral Distribution

Abstract

• Business education market in India is estimated to be about Rs30 billion in 2008 (campus and distance MBA together) and has grown at 12% CAGR for the last 3 years; huge potential exists for emerging institutes offering world-class facility with global accreditation.
• About 25 B-schools in the country provide good quality of management education.
• The number of students registered for Common Admission Test (CAT) for admissions into management schools in 2008 was about 290,000 compared with 230,000 in 2007. CAT applicants have been growing at a CAGR of over 20%.
• Cygnus estimates that there would be growth of 25% in number of students to be appeared in 2009 in CAT.
• Compared with the number of CAT applicants, the number of seats offered by premier IIMs is only 1,700, indicating huge demand-supply mismatch.

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