There is an explosion of management institutes in the last decade all over the world. The reasons are many, some of them being the unrestricted access to knowledge sharing by industry experts, social networking opportunities, industrial visits, multiple job offers and considerable higher pay. Aspiring management graduates get to know in a regulated and simulated environment what the corporate buzz is all about.
The curriculum is also evolving in these management institutes to include more contemporary subjects such as entrepreneurship, creativity, talent management, microfinance as well as modern technology such as ERP, virtual technology and the like. Most of the management institutes have industry experts, subject matter experts and university officials on their board of studies who review the curriculum periodically and propose relevant changes. A good idea would also be to include some of the alumni of the institute on such a alumni community to propose changes in the curriculum.