A Business School is a university level institution that provide degree in business administration or management. These
schools are also called as school of management and school of business administration. It teaches the following topics such as accounting, administration, economics, entrepreneurship, human resource management, management information systems, international business and marketing. Business Schools usually offer a variety of different business programs, which a person will choose based on the field that the student would like to specialize in once he or she graduates. Business schools teach people how to manage the business.
List of Globally Popular Business and Secretarial Schools and their countries
Stanford University - United States, Harvard University - United States, University of Pennsylvania-Wharton - United States, London Business School - United Kingdom, MIT-Sloan - United States, Insead - France, HEC Paris - France, University of Chicago-Booth - United States, IE Business School - Spain, Columbia University - United States, University of Cambridge - United Kingdom, Bocconi University - Italy, University of Oxford - United Kingdom, University of Toronto - Canada, Technical University of Munich - Europe, Peking University - Asia, Indian Institute of Management(IIM) - Bangalore, University of Melbourne - Australia, University of Auckland - New Zealand, Bilkent University - Turkey, University of Cape Town - South Africa.
The following are some of the top critical issues faced by the Business and Secretarial schools.
- The era of rapid business, technological, and social change
- Cost of the higher education is high
- Lack of Curriculum Integration
- Limited skill development
- Lack of specialization
- Value of Education varies
- Difference between the real world and the classroom education
- Lack of reliable infrastructure
The challenges faced by the business education have received significant attention worldwide over the past two decades, with an increasing number of voices questioning its validity, viability and relevance in the overall globalization. As businesses are becoming international, competitive companies are seeking opportunities to go global and enter into the international market. The classroom education alone is not sufficient for a student to glow in his/her career. Many companies are looking to hire a skilled employees who are knowledgeable and can work across borders and cultures.
Some of the International Organization related to Business and Secretarial Schools,
- Association for the Advancement of School of Business (AACSB) - aacsb.edu
- Alternative Academic Educational Network (AAEN) - dictionary.reverso.net
- Association of Business Schools (ABS) - charteredabs.org
- Association of Indian Management Schools (AIMS) - aims.org.in
- Business Administration and Latin American Studies (BALAS) - balas.org
- California Association of School Business Officials (CASBO) - casbo.org
- European Financial Management Association (EFMA) - efma.com
- Harvard Business School Alumni Association (HBSAA) - hbsalumniangels.com
- London Business School Student Association (LBSSA) - clubs.london.edu
- Russian Association of Business Education (RABE) - tpprf.ru
Various Industry Standards will be followed by each specific Business and Secretarial Schools to maintain their reputation.
- Freedom of Education Act, 2000
- Duty of Equality Act, 2010
- Promoting School Awareness Act, 2008
- Public Interest Education Act, 1998
- Higher Education and Research Act, 2017
- The School of Planning Act, 2014
- The All India Council For Technical Education Act, 1987
- The Institute of Technology Act, 1967
The Business and Secretarial schools in each state contribute its own revenue to the government and develop the standard of the higher education level by level. The objective of the business schools is to advance the education and learning in business and management studies to shine the student in their own field of business. The net contribution of the schools is increased by 17% compared to the previous year. The admission of the students for higher education increases by 39% and the revenue of each institutions increases to $4 million from $3 million every year. 15% of the companies hire the student who has finished their higher education with a good real world knowledge.
Some of the Magazines that will keep you on track
- The Economist
- Outlook Business
- Business World
- Business today
- Business Insider