DEAR

Re: Ph.D. Assignment 1440005

Ph.D. Course Work

History of higher education in management in ICFAI Business School

Varsha Agarwal

1440005

The Government of India has liberalized the business education in 1990s, which has resulted in a rapid growth of Business Schools offering the programmes both at graduate & undergraduate levels. Indian B-Schools are almost a replica of US Business education particularly in the area of pedagogy, curricula, industry interface & academic research models, but it is observed that Indian B-Schools are struggling hard to introduce several adaptations because of differences in the work culture system. That made Indian Business education to face several issues in the area of academics, development of infrastructure & financial support. Business education has a long history in India, dating back to the 19^th century. Early Business-Schools were focused on the commercial side of business, seeking to fulfil the needs of the then British government. India's first B-school i.e. Commercial School of Pacchiappa Charties was set up in 1886 in the southern city of Chennai (Madras). The Indian Institute of Social Science founded in the year 1948 as India's first management program with an intention to train manpower to create & spread the knowledge required for managing industrial enterprises in India. IIM Ahmedabad was founded in 1962, pioneered the case method of teaching in India with an emphasis on Qualitative strategic-integration. The mission of IIMs was to professionalize Indian Management education through teaching, research, training, institution-building & consulting with the support of expertise developed by the pioneering IIMs.

The Institute of Chartered Financial Analysts of India (ICFAI) was established in 1984 as a not-for-profit educational society in Telangana, India. The institution has been offering quality education to students across the country through its various programs in the field of higher education. The institution was founded by pioneers in private education - N.J. Yasaswy, Besant C. Raj and Dr. Prasanna Chandra, the Director of Centre for Financial Management. With the sponsoring and establishment of eleven universities across the country, the institution today has a good national presence. Ten of these eleven universities have been established in the states of Uttarakhand, Tripura, Jharkhand, Mizoram, Nagaland, Sikkim, Meghalaya, Chhattisgarh, Rajasthan and Himachal Pradesh through acts passed by the legislative assemblies of the respective states. The eleventh university, namely the Icfai Foundation for Higher Education (IFHE), has been declared as a deemed-to-be University under Section 3 of the UGC Act, 1956. A few more university applications are at an advanced stage of processing by the respective state governments.

Thanks & Regards,

Varsha Agarwal

Research Assistant (Major Research Project)

Institute of Management, Christ University

Hosur Road, Bangalore

Extension 9545