Institutions of higher education have a major role to play in preparing the younger generation for a propitious future. Apart from imparting quality education, they need to instill high ethical values and practices amongst the student fraternity. The purpose of this chapter is to discuss the various facets of education and the role of ethics in the field of higher education. An attempt has been made to emphasize and highlight the perspective on the importance of ethics in higher education through a review of literature. A small primary study was also conducted involving the faculty of a few universities in India as respondents. The respondents were administered a questionnaire on “Ethics in Higher Education” to gauge a link between the theory and practice.