I have been teaching MBA courses, giving guest lectures, talks at several business schools across India in the past few yrs.
The MBA program to me has remained the same for the past 2 decades with minor changes in the curriculum.
The industry & economy however has changed rapidly in India.
50% of the MBA intake even today are students who have never worked. They have hardly any understanding of a job except for some short internships.
How can someone learn how to work by reading a book?
I remember I studied change management in my MBA, when I started working I failed miserably in implementing change in an organisation. I never knew that people skills are important to implement change. EQ is still not formally taught at B schools in India.
The MBA program now has major/minor/dual specialisations.The future is about deep specialisations. Just the opposite of what the MBA program is doing.
The case study methodology is great but most cases are from other countries & the business context does not hold good in India.
What do you think?
Is the MBA getting irrelevant?
Are specialised Masters better?
P.S: The same text book is still being used in Marketing as was being used 20 years ago.