Recently, with the bursting of both the economic as well as ethics bubbles, the credibility of management education has taken a beating. The rapid growth and proliferation of business schools have led to the emergence of some schools having dubious quality – and Management education has come under scrutiny. Outside of the US, India now trains the largest number of MBAs with about 240000 degrees annually. Indian business schools have sought to replicate the US-based organizational, pedagogical, curricula, industry interface, and academic research models, but are struggling to introduce several adaptations because of the differences in the work culture system. Every aspect of management education today is aimed at making the student corporate ready but in this endeavor sometimes business schools forget to understand whether the student is “education ready”.

(Business education; pedagogical; organizational; quality; contextual; industry interface; academic research model)