Will FDI in Management Education Make it More Meaningful?

Surveys reveal that while students opt for management education by way of higher education, only two Indian B-Schools figure in the top 100. The Global Top MBA Rankings 2013 of Financial Times, London, ranks Indian School of Business 34th and IIM Ahmadabad 26th. Yet, there is a huge demand-supply gap. So those having the means, irrespective of their capability, migrate abroad for management education. This does not benefit the Indian economy. Absence of competition for domestic players discourages innovation and quality service. Based on her macro level overview and study of live cases of FDI in management education in India through either direct setting up of campuses or, through collaborations with established management institutes, the author contends that FDI in management education will make foreign education affordable, improve the services of Indian B-Schools, and prevent drain of foreign exchange.