Some management teachers are of the opinion that graduate courses provide only superficial education in a vast number of subjects. They recommended instead, that an in-depth study in any single discipline be made through a degree course in that subject, before applying directly for admission to a Master's programme in management.
Specialization in management is at the post-graduate level. Syllabus varies from one institution to the next as do course titles, which do not indicate any specific content or structure. All courses, however, contain a systematic introduction to management theories and techniques and to the various business functions. Most courses specialize and many offer options in a particular branch or management function.
The programmes are usually structured in a modular format-the first two
semesters offering foundation courses in management; the third providing a deeper study in an optional specialist area; while the last is integrative in nature. The two-year MBA degree course includes a period of hands-on training in a commercial organization for duration of about two months.
There is a general impression that the MBA programme is very difficult. However determination and application overcomes all problems posed by the syllabus. Students are advised to put in seven to eight hours of study per day. There is no substitute for hard work. Among the leading institutions offering courses in business management are:
1. The Indian Institutes of Management at Ahmedabad, Calcutta, Bangalore, Lucknow.
Listed among the Specialized National Institutions, the Indian Institutes of Management were set up by the Government of India to strengthen the fabric of financial management in the country. They function autonomously, and are rated among the premier institutes offering post-graduate courses in business administration. The IIMs have won international acclaim for the caliber of the students they attract and turn out. They offer a bright future to those who enroll. Together, the four institutes take in 510 candidates per year.
2. The Jamnalal Bajaj Institute of Management Studies, Bombay.
3. Xavier's Labour Relations Institute, Jamshedpur.
4. Bombay University:
5. International Management Institute, New Delhi:
6. Institute of Management Technology, Ghaziabad.
The Institute of Management Technology has recently overhauled its Master's in Business Administration course and forged closer links with major business houses as a part of its intensive efforts to upgrade teaching quality, programme content and above all, career placement.