Every year BMA presents the Best Management Institute of the Year Award to a business school, which has displayed excellence in providing quality management education to its students and for meeting the standards set by it. Among others are awards such as Management Man of the Year, Life Time Achievement Award and Best Student and Teacher of Management Award

This year, the award ceremony was well attended by a star-studded invitee list with the likes of celebrities like Ratan Tata, Harsh Mariwala, Ekta Kapoor.

Ratan Tata received the award for Businessman of the Decade. In the same steam the Director of National Institute of Industrial Engineering (NITIE), Dr. S.D. Awale received the award for Best Management Institute of the Year from the Governor of Maharashtra Shri S.M.Krishna. Addressing a distinguished audience comprising of VIPs like Mr. Keval Handa, Mr Khorakiwala and faculty from various colleges across Mumbai, Dr. S.D.Awale, described NITIE as the youngest of business schools in its league and this award was akin to rewarding and encouraging a youngster. He also mentioned that NITIE had been ranked among the Top 10 business schools in various surveys and this award was an icing on the cake.

All the speakers emphasized the importance of management in a dynamic business environment and how business schools played a major part in influencing the businesses all over India. There was particular stress on the significant contribution of Bombay Management Association’s contribution towards improvement of Management Education.