I came to this conclusions after lots of inputs and discussions with my friends.. ISB charges around 20 lacs for their one year course and their annual intake is 400 . Management is not engineering or medical where lab and practical costs are high. These are basically networking institutes and placement depends on connections which are almost always based on duboius transactions. Simple mathematics would show the extent of their profit margins. Also how much knowledge can be imparted in one year is also debatable. One previous reader said something regarding english communication. I want to say that fluency is required to the extent of communication purposes only. MBA is not meant to be an english coaching class.
Re: Most B-Schools are cheats
by manish sharma on Oct 14, 2009 09:04 AM
I fully agree with you... its just a plutocratic platform for networking /hobnobbing of the rich people where the money/connectipons comes first and Education/knowledge a distant second. Charging 20lakh for a 1-yr program in India is like banninf 99% of Indians (more like a 5-star eatry than an eductaionsal institute)
Do we have good faculty to teach in these Institutes. I have observed quite a few Institutions are having very sub-standard Professors/Head of Departments,and many of them could not even speak good English to guide the students. If you do not have good faculty members, again depending on the parents to teach even the children of B-Schools, it would bring shame to the institutions instead of fame. No doubt, the students will excel, because they take their own initiative and with the guidance of parents browsing through internets and compiling more study materials for their children based on any syllabus. Any way, wishing all the best to all B-Schools.
Has Federation of Indian Chambers of Commerce and Industry or Confederation of Indian Industry an authority or mechanism to accredit institutions of higher education like Business Schools or their programmes? So in the absence of formal approval, such programmes can be treated as professional skill training and not formal education.
Re: Accreditation of Educational Institutions
by ashok kumar on Aug 09, 2009 02:30 AM
but what matters is good job after a training. that means Federation of Indian Chambers of Commerce and Industry or Confederation of Indian Industry is more important than AICTE or else.
Re: Re: Accreditation of Educational Institutions
by ashok kumar on Aug 09, 2009 02:34 AM
top international rating among Indian B-Schools, collaboration with top world B-schools and blacklisting by AICTE shows what.. if you know then please tell me also.
In today's world an academic certificate has been a more suspected because of more Junk institutes around. The guidelines are purely decided by previous experiences and discussions by intellectuals.
Away from that may prove the institute a Junk obviously.
