Challenges, Opportunities, and Considering Factors of Business Education in Bangladesh: An Analytical Study

Abstract

  Business education in Bangladesh has perceived noteworthy progression over the past two decades. Despite this expansion, challenges continue in aligning curricula with industry prerequisites, ensuring graduate employability, and maintaining program quality. This study employs a qualitative analytical approach, drawing upon secondary data from academic literature, policy documents, and institutional reports, alongside ethnographic reflections from over a decade of academic experience. This article analyses the present state of business education in Bangladesh, highlighting key challenges, emerging opportunities, and critical factors that educators, policymakers, institutions, and industry stakeholders must consider. Using a qualitative-analytical approach—drawing on institutional observations, curriculum trends, and sector needs—the study outlines pathways to improve relevance, quality, and employability while responding to socio-economic demands and global change. The study identified some key challenges, opportunities, and considerations to develop business education in Bangladesh based on a review and analytical study of existing literature and the practical experience. The study revealed that the sector struggles with issues like curriculum relevance, assessment methods, professional development, industry–academia linkages, resource constraints, quality assurance, employability, and accessibility as challenges, where opportunities include digital transformation, entrepreneurship development, industry demand, collaboration, and skill development in the field of business education in Bangladesh. Key factors considered for reform include aligning curricula with market demands, competency-based learning, investment, industry–academia tie, skills development, entrepreneurship ecosystems, inclusive access, quality assurance, sustainable financing and sustainability.