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MBA Admissions 2011: AICTE approved, University or Autonomous?
MBA Admissions 2011: AICTE approved, University or Autonomous?
MBA has become the most sought-after qualification in India. There are more than 1800 B-schools in the country. So, which B-school should you join? This is the toughest question for an MBA aspirant.
The B-schools in our country can be segmented into three categories: AICTE approved B-schools, University B-schools run by State or Private Sector Universities, and Autonomous B-schools. The IIMs belong to a different league, as they are autonomous institutions under the Ministry of HRD, Government
Noida,
UP,
India
(prbd.net)
11/04/2011
MBA has become the most sought-after qualification in India. There are more than 1800 B-schools in the country. So, which B-school should you join? This is the toughest question for an MBA aspirant.
The B-schools in our country can be segmented into three categories: AICTE approved B-schools, University B-schools run by State or Private Sector Universities, and Autonomous B-schools. The IIMs belong to a different league, as they are autonomous institutions under the Ministry of HRD, Government of India.
The admissions to the AICTE approved B-schools are currently in process. The recent verdict by Supreme Court has cleared the road for the B-schools that are under the umbrella of AICTE. The AICTE had issued a list of regulations for B-schools on 28 December 2010.
AICTE approved B-schools: Today, you will find there are various colleges that offer MBA degrees but what makes the difference is the AICTE approval. All India Council for Technical Education is a national level government body that gives approval and certification to MBA Institutes in India after surveying their standards and quality of the technical education. Hence, the students should try for colleges that are AICTE recognised.
You should not worry if you are not able to gain admissions in the IIMs or the University B-schools as there are more than 100 good quality AICTE recognised B-schools in the country. Some of the B-schools belonging to the top 50 are: XLRI Jamshedpur, SPJIMR Mumbai, MDI Gurgaon, XIMB, IMT Ghaziabad, IMI New Delhi, Welingkar Mumbai, BIMTECH Greater Noida, TAPMI Manipal. These B-schools are the torch bearers of management education.
A detailed list of AICTE approved institutions is available on its website. Make sure that the programme which you have been offered is AICTE approved. Some institutions run other non-AICTE approved courses as well in the same or nearby campus.
University B-schools: The B-schools under the universities are also an option for MBA aspirants. Most of the major universities in India have a department of management studies or faculty of management studies. The leading University B-schools are JBIMS, University of Mumbai; FMS, University of Delhi; UBS, Panjab University; FMS, Banaras Hindu University and others.
State-level Private Sector Universities/Deemed to Be University: These are also a good option, but the MBA aspirants should be beware as there are many private universities which have been banned by the UGC, and the Deemed to be University of many these have been declared illegal.
But there are some good B-schools under this category as well. The leading one is NMIMS Mumbai, which is a Deemed to be University. This B-school is widely renowned for its faculty and has high industry acceptance.
Autonomous Private B-schools: Some institutions do not seek AICTE approval, or any affiliation with any university by choice. These are known as autonomous B-schools. A very few of these B-schools have broken the myths related to AICTE approval by becoming globally recognised B-schools. The torch bearer in this category is the Indian School of Business, Hyderabad, which is ranked in the global top 20 B-schools. Some other B-schools in this category are SOIL Gurgaon, Infinity Business School.
Advice to MBA Aspirants
Before your final decision on the B-school it is advisable to do the following things:
-- Visit Institute Websites and check out the Mandatory Disclosure.
-- Check credible MBA portals like MBAUniverse.com & Pagalguy.com
-- Visit campus & see for yourself. Talk to students (A must)
-- Put your queries to Ask MBAUniverse.com
http://www.mbauniverse.com/mba-syllabus-papers/mba-questions/faq.php
Stay tuned to MBAUniverse.com for more special features on Admissions 2011.
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