Management education is facing a challenge in view of Colleges, Students, Faculty, Parents and Industries. Students face challenges in getting suitable placements, Faculty tend to work with career insecurity, Parents are unhappy with unemployment faced by students post qualification, Industries are comfortable hiring students with any bachelor degree, and colleges find it difficult to fill seats leading to closure of management departments in several institutions. However, the top Management institutes like Business Schools, IIMs may fall under the above category of challenges. Hence this volume is a collective effort edited to understand the prospects and challenges of management education. The best practices to be followed by management schools also has been discussed here in an interesting context. This volume truly portrays the prospects, and challenges of management education in a global perspective.