Social networking sites have become an important part of everybody's life, especially the young people and students. The students of management institute need to acquire knowledge, skills and attitude that will not only benefit them but also their future employing organization. The teachers should used modern digital technologies and teaching methods that may be helpful in developing these students. The present work, "Problem and Prospect of Using Networking Sites by Business School Students", is the Ph.D. research carried out by the first author Dr. Murtaza Mohinddin Junaid Farooque under the guidance of the second author Dr. Manik Kadam at Pune. The authors have been working in this project since 2011 till 2015. This work was finally accepted by University of Pune.