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Management Studies losing its sheen?
By SiliconIndia | Tuesday, 05 July, 2011
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Bangalore: Out of the 660 seats in the 11 management courses in Lucknow University, 223 seats remained vacant last year. Sources in the education department said barely 25,000 students will appear for counseling for management courses, starting next week, but there are 85,000 seats available. Not a single student opted for the MBA courses in Agriculture Management and Rural Development.
In Karnataka, there are 220 AICTE-approved colleges offering MBA courses. Of these, 64 colleges have given up possession of their management seats to the government. This comes to around 1,500, around 30 per cent of which offering MBA in Bangalore have surrendered their management seats to the government as they could not find takers for it.
Thereâs been a huge increase in the number of MBA colleges but there seems to be no takers for the seats and courses offered by these colleges. Colleges all over India complain the lack of students taking up these courses.
The reasons given by students and parents is that they no longer see any return on investment after investing Rs 5-7 lakhs for an MBA degree. The returns on this investment have gone askew. The slowdown in the global economy has hit sectors that have tended to employ them.
The fear of large number of seats going vacant seems to be haunting private management colleges and they are desperate to sell the management quota seats. The result of that is the entry of consultancies that are trying to attract parents and students with âgood' offers in âgood' colleges as well as institutions that fail to attract good students.
The academic year usually begins in July-August but an estimated 40 percent of 3.5lakhs of the MBA seats are expected to go empty. In the year 2010, over 20 per cent of MBA seats went vacant with some states like Karnataka witnessing over 30 per cent empty seats. However, the number of students who appear for GMAT and CAT continues to rise. Unemployability, lack of faculty and professional training and education seems to be the spirit dampening causes. The estimate of vacant seats was based on figures published by the AICTE and universities. Though a huge number of colleges are shutting down due to lack of students, AICTE seems to be approving new business schools and authorizing the increase in number of seats being offered by the business schools.
Colleges across India are shutting down, selling the buildings and land, or are taken over by better managed institutes. An MBA college in Bangalore has been pulled down and a mall has been put up in its place. In Hyderabad, colleges are being put up for sale.
In Karnataka, there are 220 AICTE-approved colleges offering MBA courses. Of these, 64 colleges have given up possession of their management seats to the government. This comes to around 1,500, around 30 per cent of which offering MBA in Bangalore have surrendered their management seats to the government as they could not find takers for it.
Thereâs been a huge increase in the number of MBA colleges but there seems to be no takers for the seats and courses offered by these colleges. Colleges all over India complain the lack of students taking up these courses.
The reasons given by students and parents is that they no longer see any return on investment after investing Rs 5-7 lakhs for an MBA degree. The returns on this investment have gone askew. The slowdown in the global economy has hit sectors that have tended to employ them.
The fear of large number of seats going vacant seems to be haunting private management colleges and they are desperate to sell the management quota seats. The result of that is the entry of consultancies that are trying to attract parents and students with âgood' offers in âgood' colleges as well as institutions that fail to attract good students.
The academic year usually begins in July-August but an estimated 40 percent of 3.5lakhs of the MBA seats are expected to go empty. In the year 2010, over 20 per cent of MBA seats went vacant with some states like Karnataka witnessing over 30 per cent empty seats. However, the number of students who appear for GMAT and CAT continues to rise. Unemployability, lack of faculty and professional training and education seems to be the spirit dampening causes. The estimate of vacant seats was based on figures published by the AICTE and universities. Though a huge number of colleges are shutting down due to lack of students, AICTE seems to be approving new business schools and authorizing the increase in number of seats being offered by the business schools.
Colleges across India are shutting down, selling the buildings and land, or are taken over by better managed institutes. An MBA college in Bangalore has been pulled down and a mall has been put up in its place. In Hyderabad, colleges are being put up for sale.
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