Higher education especially management education in India stands at a crossroad. Without change, the traditional university structure of educating and training tomorrow’s business leaders is likely to be surpassed and discarded in the increasingly diverse and technological global economy. The Objective of this is paper is to study the competencies and characteristics of Management Teachers in the changing digital age, to identify the issues and challenges that arise in management education. This paper will help in developing better understanding of issues and challenges related with Management Education and will be helpful for Owners, Administrators and Government. It has been found that the current curriculum in management education does not prepare students to face the challenges in business environment. Managing uncertainty and complexity are not taught in Business Schools. Business Schools merely teach the concepts with case studies and does not focus on the challenges arising out of rapid growing technology and the challenges involved in running an enterprise. Unfortunately, the best talent is going to industry where salaries are lucrative. Those who come to academic area are the ones who could not be absorbed in the industry or joined this profession by chance or chose this career out of passion. The data collected from respondents suggests that Management Students should be provided with latest teaching pedagogy and Management Teachers should be paid good remuneration for their work.