A sound business education is viewed by many as a passport to prosperity. In the past 20 years there has been huge growth in business education and the creation of many business schools, unmatched by that in other academic disciplines. While this has led to greater choice and lower costs, it can also dilute the value of the qualification.In India, only 7% of graduates from 5,500 business schools reportedly find a job on graduating . This illustrates the impact of unbridled growth. Plainly, the proliferation of schools and faith in investing in an MBA are not yielding dividends for some.Yet the business of business education is thriving. International debates about the MBA have crystallised around two questions, as observed by SA’s Council on Higher Education.First, is it possible for MBA programmes, in the framework of a two-year degree, to produce a well-educated and well-rounded person able to tackle the problems faced by managers in all business contexts?And second, does the exis...
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