Business Ethics is crucial in the modern world for the long term success and sustainability. Ethics and trust are the pillars for organizational as well as individual growth. The educational institutions across the globe are reemphasizing on the need for life the reintroduction of business ethics in educational institutions through the various learning goals involving ethical decision making and shouldering social responsibilities and accountability. This research aims to study the impact of the subject of business ethics on developing the behavior of awakening of the inner consciousness regarding the ethical behavior among the management students and its role and need in contributing the development of one personality imbued with character. The goal of the research is also to strengthen the continuity of ethical behavior when they join organization as professionals