What do students & alumni think about management education?

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Aug 06 2012, 03:32 IST
Lawrence M Rudner

According to recent surveys conducted by the Graduate Management Admission Council, Indian respondents say they would recommend a graduate degree in management to their friends. About 92% of Indians rated the value of their management education as outstanding, excellent or good, and 58% of those who were searching had job offers well before they graduated. There are few differences between Indian men and women (who are under-represented in terms of satisfaction with their education, job offers and starting salaries). Indian alumni almost universally found their degree to be professionally, personally and financially rewarding.

People seek a management degree for different reasons. About 43% of Indian citizens tell us they seek a degree to enhance their current careers, and another 46% hope to use a new degree to help them switch careers.

Indian students also tell us that the most important skills they acquired are: knowledge of general business functions, managing strategy and innovation, interpersonal skills, decision-making processes, and strategic and systems skills. In other words, they learned to think and talk like a business person. It is not surprising that a growing proportion of B-school graduates are become entrepreneurs.

There is huge variation in pre-to-post salaries for B-school graduates. Ignoring pre- and post-geographic locations, the average salary boost is 286% for Indian men and 559% for Indian women. This disparity is largely because the average pre-enrolment salary of women is much lower than that of men; the post-degree salaries are about the same. Men and women staying or returning to India

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