FINDING a competitive edge is an obsession for those looking to take an MBA. Prospective students spend hours researching the minute details that will take their application from the middle of the pile to the top, and land them a place at a business school that promises plentiful rewards. But what if they were wasting their time?
Naysayers claim that the preponderance of institutions around the world that offer an MBA, or something approximating it, has resulted in a decline in teaching standards. Only 7% of graduates from India’s 5,500 business schools are employable upon graduation, according to one study. Others disagree. It is not that the MBA has become any less rigorous. Rather, easier access to an MBA programmes has changed what the MBA means to employers.
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