Mba education and its utility in the corporate world
M As Galore
M A education and its utility in the corporate
Group Number: 4
Ranjeet Kumar Singh
The MBA program originated in the United States in the late 19th
century as the country was undergoing rapid industrialization and
companies sought out scientific approaches to management.
Very good reception from the manufacturing and banking sectors
(strongholds of the US economy at that time). The program gained
immense popularity in US and grew rapidly.
MBA infiltrates Europe in the 1950s. India was bitten by the MBA
bug in 1957.
Post liberalization period (post 1992) in India saw a surge in the no
of B-schools. MBA became the most coveted professional degree. No
of MBAs grew from a mere 700 per year in 1961 to 100,000+ in 2011.
Birth and growth of MBA
MBA arrives in India. IISWBM
and Delhi University start MBA
programs. IIM C and IIM A start
functioning in 1961. Offer PGDM.
Meteoric growth story of MBA in India
2011 – More than
1 lakh MBA grads
Global Statistics – Exponential rise in the
number of MBA graduates
Stating from the early 1950s, MBA
programs received tremendous
industry patronage and grew at an
Rise in the last 35 years has been
significantly high. From a mere
20000 graduates worldwide, it has
reached an amazing figure of 6 lakh
The Global Trend shows that even
though no of MBAs have been
increasing exponentially over the
years, post recession, the trend has
MBA education is Reaching its
Utility of MBA
MBA as a degree evolved due to the needs generated by the rapid
industrialization in US. Hence its utility lies in the basic need of the
industry – scientific approaches in management.
MBA empowers professional with an in depth knowledge and
prowess of specific areas such as Finance, Marketing, HR etc.
MBA’s with their knowledge and skills help industries develop better
processes, provide better services, bring in novel ideas and
inculcate innovation – thereby making the business more profitable.
With rapid advancement in Technology the requirement for more
adaptive and technologically well versed MBAs is becoming
imperative. As MBA is constantly evolving and aligning itself with
these needs, recruiters are getting the right fits from the MBA
Over the years MBA graduates have grabbed the highest
compensation packages from the leading players in the industrywhich shows the continued confidence of the industry in their
abilities and their utility.
Future of MBA
The global recession in 2008-2009 was a bitter shock to the MBA
graduates, as many lost their jobs and businesses went bankrupt. But
in the post recession period, the demand for quality MBAs has
revived, with even better roles and salaries. This shows that MBA is
here to stay; and that MBA is not a dying program, rather it is still in
its growth phase in the S-Curve.
The recent compensation
trends in HBS and other Ivey
league B-schools in USA also
show that the recruiters have
not lost their confidence
in MBAs, post recession.