Kalpana, thanks for the wealth of information. However certain core issues are not addressed - pertaining to higher education in our country, including business education.
There is always a differential in the quality of the institutes. Now how that differential is getting understood and addressed by the various stake holders is important. In this the first important issue is reliable information and its validation from the independent agencies. We did not have one so far. If AICTE, NBA and NAAC would have done their job well, there would not have been so many schools of dubious quality which have set up their shops across India. Surely the responsible authorities chose not to do their job in spirit, instead stuck only to letters. Opportunity was exploited by unscrupulous operators including the “sweet meat vendors”. Expectations in our society are sky rocketing, where as aspirations are low. This leads to fulfilling your expectations of becoming a manager, having a good job on the promises of the sellers and students and their parents pay for their lack of reality check and availability of validated information.
If a school is of grade which is say less than 50% on the scale then that school has to prepare itself to address the market for their product with all its limitations. Refer my blog Zindginama and the post http://zindginama.blogspot.com/2011/05/on-business-schools-in-india.html
All is not lost, given a reliable grading system which is simple and objective and does not last for 5 years or 10 years but only for a year can be a catalyst for the higher education institutions in India to improve quality in easy to do baby steps. CRISIL has started its education grading for business schools, it’s time that business schools, universities, and other stake holders - students, employers, faculty and funding agencies refer to the CRISIL grading of the institutions before taking a decision on associating with the school.
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