Skill Development through Management Education - A Study among Alumni of Management Institutes
Journal Title: Scholars Journal of Economics, Business and Management - Year 2017, Vol 4, Issue 12
Abstract
Abstract:Many institutes and colleges have come up in India since 1991, with the liberalisation of Higher Education, to offer Post Graduate courses like Master of Business Administration (MBA) and Post Graduate Diploma in Management (PGDM) to the students. As per the data available through the website of All India Council for Technical Education there are 86 such institutes in the state of Kerala with a total seat capacity of 8000 Nos.This study was a part of the reasearcher’s Ph. D thesis and an attempt to identify the skills, more specifically, the employability skills, imparted through the management education and to further assess its impact of these skill development efforts on the management graduates, within the state of Kerala.Literature review to identify the scope of the deliverable skill set to the graduating students drew the researcher to the seminal work carried out by the Quality Assurance Agency in defining the key outcome of the management education as well as the employability skill framework provided by MantzYorke and Peter Knight from the Higher Education Academy in United Kingdom. The final set of skills incorporated for the assessment were finalised in consultation with the experts from the Academia and Industry.Of the six dimensions of employability skills emerged, the confirmatory factor analysis revealed that 30.5% variance in employability skills could be explained as Basic skills, 13% as higher level knowledge/ understanding and over 9 % by the personal and interpersonal skills. Other factors viz. Managerial qualities, Analytical skills and Entrépreneurial skills - explained 4 to 6 % of the variances each. Together the above six factors explained for 67.8 % of the variance in the skill development, which is quite significant.The conclusion that would emerge from the study is that the Management education definitely helps in imparting a host of skills, which are absolutely necessary but leaves scope for further improvement towards higher international education standards. Keywords:Qualification Descriptor, Employability Skills, Frame Work for Higher Education (FHEQ), Accreditation, Quality Accreditation Agency (QAA).
Authors and Affiliations
Dr. V. Raman Nair, Mr. George K. Mathew
Keywords
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