Despite the overwhelming criticism of business education in the US media, leading American schools have been experimenting with innovative pedagogies and approaches to develop mindsets and competencies relevant for the students’ role as managers and future leaders. Knowledge from the humanities and social sciences is used to develop managerial competencies through dynamic, experiential learning methods. Relatively speaking, Indian schools have a lot of ground to cover before they attain the stature of leading US schools. Part of the responsiveness of American schools to the stakeholder requirements has come about owing to industry feedback, which have been seriously addressed.