In this dynamic business environment education in management field play an important role. In this competitive world, globalization & technological change arise more risk for study. As a result of management education has been increase the competition in the job. Employees need to increase and update his skill according to the changes in external environment. Due to the changing nature of the job and organization teaching institute has to provide relevant study and knowledge to students. In the research paper presented the emerging trends and new challenging faced by the higher education. Now the business institute need to balance between the quality and education cost. One of the major challenges of management education is the gap between the theory and practical approach.