Cost and Inability of Middle-Income Groups to Pay: A Case of Business Management Education

Abstract

The rising cost of education in business management has barred the middle-income groups from the profession. This is quite a serious issue and it may have a multi-modal as well as a long-term impact. The growing Indian economy has generated a demand for highcaliber business professionals and leaders. This has necessitated the management education and training in the country and degree/diploma such as MBA (Master of Business Administration)/ PGDM (Post Graduate Diploma in Management) has become obvious to step in the corporate sector.