According to the latest figures released by the All India Council for Technical Education (AICTE), 147 standalone business schools and MBA programmes offered by engineering institutions across the country closed down in the academic year 2013-14.
This is being seen as an indication of management programmes losing some of their shine in India.
Number of MBA institutes
| State | 2013-14 | 2014-15 | Change |
| Maharashtra | 406 | 382 | -24 |
| Tamil Nadu | 395 | 372 | -23 |
| Andhra Pradesh | 851 | 832 | -19 |
| UP | 447 | 431 | -16 |
| Haryana | 150 | 135 | -15 |
| Total | 3364 | 3217 | -147 |