BANGALORE: MBA in India no more seems an avenue to prosperity and progress. Amidst such stiff economic scenario, AICTE (All India Council for Technical Education) reported of 147 standalone B-schools and MBA courses offered by engineering colleges in India were called off last year, reports TOI.
The worst scenarios were encountered by Maharashtra and Tamil Nadu where 24 and 23 colleges respectively were shutdown, while in Andhra Pradesh the number stood at 19. Contrarily, Bihar, Kerala and Jharkhand have taken a step up by adding more colleges to their lists.
Finance has emerged as an influential factor for these closures, said Moorthy Selvakumaran, an educational consultant. The ebb in the registration figures for CAT (Common Admission Test) a couple of years ago carved the dawn of this downfall.
T N Swaminathan, Director, Branding And Alumni Relations, Great Lakes Institute of Management analyzed that excess of supply while crisis in demand has led to this situation. "For instance, of the 1.93 lakh candidates who registered for CAT this year only 1.53 lakh took the exam. Some who paid did not take the exams. And those who took the exam are choosy so reputed B-schools are not affected but others are,” he added.
Some of the courses fall flat at enhancing the skills of the candidates which makes the struggle to find employment even difficult, said Selvakumaran.
The institutions that run on the obsolete university programs are among the worst sufferers with no takers in comparison to autonomous dynamic counterparts.
"Those who have just finished MBA come and teach. What a good management course needs is a faculty member who has industry experience. Online programmes are able to provide that by getting the best faculty, as time and distance are immaterial," said Swaminathan with a view to overcome the current situation in management career.
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