65 B-Schools across India to face closure, student’s future in lurch

Presently, management programmes are most sought after programmes. In every sector we can see managers handling and managing the business. To deal with this increasing demand and to reap the profit of the sector many B-schools got established in last few years. Today, there are 3900 management schools with almost 3.5 lakh seats.

There are many B-schools which are unable to fill all the seats and some are unable to meet the criteria of AICTE to offer programmes. There are almost 65 business management colleges across the India which are planning to close their doors for students. They are in no mood to continue with their education business; rather they are thinking to use the land for more lucrative ventures. Moreover, many industry experts feel that in near future many more colleges will shut down their doors. S Mantha, chairman of the All-India Council for Technical Education, said, “Colleges in remote India and institutes of poor quality are not getting students.”

For those students who decided not to apply to those colleges who are not very popular made right choice and save their time and money.
Reasons behind closure Yes/No
Curriculum not par with industry Yes
Good Infrastructure No
AICTE approved Yes
Good students faculty ratio No
Leading companies participated in placements No
Good placement record No
Internship facility No
Well acclaimed degree No

Stephen D'silva, director, Jamnalal Bajaj Institute of Management Studies, said, “At one time, the archetypal Indian MBA did join anonymous business colleges. But now with no job offer at the end, the decision is no longer complicated: a young graduate would rather take up a job or prepare harder for another shot at an entrance exam which is the gate to a better B-school.”

There are only 3000 seats with prestigious IIMs and rest of the students who did not manage to secure a seat in IIMs take admission in other B-schools. Pankaj Chandra, director of IIM-Bangalore, said, “Lakhs of students who sign up to take the Common Admission Test (CAT) for close to 3,000 seats that the IIMs have on offer. It is a great time to do an MBA. The brightest ones still want to do an MBA.”