Management Education has always been considered as the stepping stone for starting a career in the corporate sector. For the last so many years, a graduate from a management stream has always been looked upon as somebody who understands the needs of the corporate sector and has the ability to deliver the results in the shortest possible time. In India, ever since the Liberalization in 1991, the job opportunities have been on the increase. With the MNCs Coming into the country the requirement of qualified management graduates kept on increasing and boomed in the early 2000’s. Similarly, in the early 2000’s the Indian economy was having an excellent run. The GDP was growing at an healthy average rate of above 7.5% and it was a real boom time. The Year on Year GDP growth rate are given in the Table below which will give an idea about the fast paced economy and the growth opportunity that were coming in. Also with the Inflation in control, the overall economic scenario was highly conducive to growth and opportunities.