The premier management institute, IIM-Bangalore, is in a bind. It had asked for Rs 114 crore to build infrastructure to accommodate additional students under the OBC quota.
However, the Centre has sanctioned only Rs 33 crore. IIM-Calcutta, too, had asked for around Rs 200 crore. It's awaiting a response.
Moreover, since the funding will come to IIM-Bangalore in phases over five years, this could seriously affect its plans for more classrooms, hostels and upgradation of IT infrastructure, according to IIM-B Director Pankaj Chandra.
"For the last three years, we had not asked the government for a single paisa. Since we can't wait for government funds to reach us, we are initiating expansion plans from our internal funds earmarked in the annual budget," Chandra told Business Standard.
Chandra explained that the implementation of the 27 per cent OBC quota would result in a 54 per cent increase in the number of seats for the flagship two-year Post Graduate Programme in Management (PGP). The number of seats will increase by 130 over the next three years to reach 340 seats in the next three years.
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Thursday, July 3, 2008
Country's seventh IIM starts tomorrow
The first academic session of the country's seventh IIM, the Rajiv Gandhi Indian Institute of Management (RGIIM) in Shillong, will begin tomorrow.
Meghalaya chief minister Donkupar Roy will inaugurate the first batch of Post Graduate Diploma in Management in the presence of Chairman, Board of Governors, RGIIM, Prof R N Dutta, Chairman Headstrong Inc USA and founder member of HCL Arjun Malhotra and Principal Secretary to the Prime Minister T K Nair, the institute's Director Prof Ashoke K Dutta said.
Dutta said the institute will commence its first academic session in the Mayurbhanj Complex in Nongthymmai, which previously housed the North Eastern Hill University. Work will soon commence on a 120 acre site for the permanent campus.
The Institute offers the Post-Graduate Programme in Managment [PGP], which is a two-year full time residential programme for graduate students from all disciplines wanting to choose a career in management.
The Institute envisages for its flagship programme, namely, Post Graduate Diploma in Business Management (PGDBM), an annual student intake capacity of 60 in the first year.
This is planned to be increased to 120 in the third year and 180 in the sixth year.
The institute will conduct courses with Post-Graduate Diploma in Business Management, fellowship programme in management, management development programmes, tourism and hospitality management, tele-services and telemedicine, information systems and technology and subjects of local relevance such as tourism, horticulture and hydel power.
Meghalaya chief minister Donkupar Roy will inaugurate the first batch of Post Graduate Diploma in Management in the presence of Chairman, Board of Governors, RGIIM, Prof R N Dutta, Chairman Headstrong Inc USA and founder member of HCL Arjun Malhotra and Principal Secretary to the Prime Minister T K Nair, the institute's Director Prof Ashoke K Dutta said.
Dutta said the institute will commence its first academic session in the Mayurbhanj Complex in Nongthymmai, which previously housed the North Eastern Hill University. Work will soon commence on a 120 acre site for the permanent campus.
The Institute offers the Post-Graduate Programme in Managment [PGP], which is a two-year full time residential programme for graduate students from all disciplines wanting to choose a career in management.
The Institute envisages for its flagship programme, namely, Post Graduate Diploma in Business Management (PGDBM), an annual student intake capacity of 60 in the first year.
This is planned to be increased to 120 in the third year and 180 in the sixth year.
The institute will conduct courses with Post-Graduate Diploma in Business Management, fellowship programme in management, management development programmes, tourism and hospitality management, tele-services and telemedicine, information systems and technology and subjects of local relevance such as tourism, horticulture and hydel power.
Tuesday, July 1, 2008
IIT faculty too will have quota
The Indian Institutes of Technology (IITs) will introduce reservations in faculty positions for the first time since their inception. A Ministry of Human Resource Development (MHRD) directive mandates that the apex technical institutes will have to reserve 15 per cent quota for SCs, 7.5 per cent quota for STs and 27 per cent quota for OBCs in faculty positions.
The IITs so far had claimed that they have been granted exemption from reserving faculty positions. MHRD sources, however, say that the IITs have been violating regulations so far. "They have never been granted exemption from quotas for scheduled castes, scheduled tribes and Other Backward Classes.
They have just been skirting the issue for a long time," said a source from MHRD. The IITs, hence, will have to implement the quotas in all future appointments. The decision was taken at a meeting of the IIT standing committee in May where the government was of the view the institutes will have to enforce quotas with immediate effect.
The government had introduced 22.5 per cent reservation in administrative jobs at the IITs for scheduled castes and scheduled tribes following amendments to the Constitution in 1951.
Based on the recommendations of the Mandal Commission report, the quota was extended by 27 per cent in the early 90s to cover the Other Backward Classes.
The IITs so far had claimed that they have been granted exemption from reserving faculty positions. MHRD sources, however, say that the IITs have been violating regulations so far. "They have never been granted exemption from quotas for scheduled castes, scheduled tribes and Other Backward Classes.
They have just been skirting the issue for a long time," said a source from MHRD. The IITs, hence, will have to implement the quotas in all future appointments. The decision was taken at a meeting of the IIT standing committee in May where the government was of the view the institutes will have to enforce quotas with immediate effect.
The government had introduced 22.5 per cent reservation in administrative jobs at the IITs for scheduled castes and scheduled tribes following amendments to the Constitution in 1951.
Based on the recommendations of the Mandal Commission report, the quota was extended by 27 per cent in the early 90s to cover the Other Backward Classes.
Thursday, June 26, 2008
ICFAI launches MBA-CFA dual degree
ICFAI University, Tripura launched MBA-CFA, a dual degree programme. The course would be completed in 27 months instead of two years normally taken for each module.
Graduates with 55 per cent aggregate are eligible for the dual degree programme. CA/CWAs are eligible for waivers in four subjects. The course would have 32 subjects including 20 for MBA and 12 for CFA (financial analysis).
The students would have to choose four electives in MBA. The programme is based on self-study and examinations. The varsity would provide a study plan, books and e-learning package.
Graduates with 55 per cent aggregate are eligible for the dual degree programme. CA/CWAs are eligible for waivers in four subjects. The course would have 32 subjects including 20 for MBA and 12 for CFA (financial analysis).
The students would have to choose four electives in MBA. The programme is based on self-study and examinations. The varsity would provide a study plan, books and e-learning package.
ISB scouts for more intl students
The Indian School of Business (ISB), Hyderabad, rated 20 in the global B schools league this year, is now looking to tap new markets - in terms of both student intake and companies that come for campus recruitment.
Towards this, the B-school is planning to conduct road shows in Moscow, Paris, Madrid, Zurich, and Milan among others in Europe. It is also visiting Australia for the first time this year in July.
Apart from these, it is also focusing on West Asia, particularly Dubai, where there is a high concentration of NRIs and international students.
Speaking to Business Standard, VK Menon, senior director (admissions and financial aid and career advancement services), ISB, said the institute was looking to tap new markets as it would increase the intake from the present 440 to 560 for the class 2010 (the admission will begin in 2009).
The exercise is in line with the efforts to have "a truly international mix of students."
This year, at least a third of the batch comprises NRIs. There are 20 international students.
"We are looking to double the international students strength," he said. The outreach programmes started three years ago but are now being pursued with renewed vigour due to the international ranking, he said.
The number of international offers is expected to increase to 150 for this batch from 110 in the last academic year, which saw as many as 60 companies from 23 countries.
According to Menon, ISB will also explore the Asia Pacific countries. There are students in Singapore, Thailand and Malaysia, who have academic qualifications and are looking for a value-addition to their careers. It will also conduct similar programmes in the neighbouring countries - Sri Lanka, Nepal and Bangladesh.
"We will foray into the Chinese market gradually," he said, adding some companies there too had shown interest in the ISB students.
The US, however, will remain a potential market. "The US, which has a large chuck of students is an important market," he said, adding the H-1B visas though are a problem with the US companies.
Nevertheless, a significantly number of US-based companies offer employment to the ISBians. The admission process would be the same for all students except that the international students would be given more time to apply.
"We expect at least 1,500 students to apply for the ISB after we conduct the information sessions," Menon said.
Towards this, the B-school is planning to conduct road shows in Moscow, Paris, Madrid, Zurich, and Milan among others in Europe. It is also visiting Australia for the first time this year in July.
Apart from these, it is also focusing on West Asia, particularly Dubai, where there is a high concentration of NRIs and international students.
Speaking to Business Standard, VK Menon, senior director (admissions and financial aid and career advancement services), ISB, said the institute was looking to tap new markets as it would increase the intake from the present 440 to 560 for the class 2010 (the admission will begin in 2009).
The exercise is in line with the efforts to have "a truly international mix of students."
This year, at least a third of the batch comprises NRIs. There are 20 international students.
"We are looking to double the international students strength," he said. The outreach programmes started three years ago but are now being pursued with renewed vigour due to the international ranking, he said.
The number of international offers is expected to increase to 150 for this batch from 110 in the last academic year, which saw as many as 60 companies from 23 countries.
According to Menon, ISB will also explore the Asia Pacific countries. There are students in Singapore, Thailand and Malaysia, who have academic qualifications and are looking for a value-addition to their careers. It will also conduct similar programmes in the neighbouring countries - Sri Lanka, Nepal and Bangladesh.
"We will foray into the Chinese market gradually," he said, adding some companies there too had shown interest in the ISB students.
The US, however, will remain a potential market. "The US, which has a large chuck of students is an important market," he said, adding the H-1B visas though are a problem with the US companies.
Nevertheless, a significantly number of US-based companies offer employment to the ISBians. The admission process would be the same for all students except that the international students would be given more time to apply.
"We expect at least 1,500 students to apply for the ISB after we conduct the information sessions," Menon said.
Institutes, students take to dual degrees
International exposure and the opportunity to learn things not usually taught in a single institute make double degrees valuable.
A management degree is no more complete with the stamp of just one good Indian or international college on it. With recruiters preferring students with diverse education profile, quite a few institutes are offering dual-degree or double-degree programmes in collaboration with foreign institutes. The programmes allow the student to complete the first year in India and the second year at a foreign institute.
Indian Institute of Management, Ahmedabad, (IIM-A), for instance, launched its first dual-degree programme in partnership with Essec Business School, Paris, in 2006.
IIM-A has now signed up for a dual-degree programme with Italian Bocconi University and is close to doing so with University of Texas.
Academicians say the growing interest towards dual-degree programmes is not surprising. A student earns two management degrees from top management schools in the world. The exposure of both national and international markets is valuable, they add.
IIM-Lucknow (IIM-L) was one of the early readers of this trend. It launched a dual-degree programme with European School of Management (ESCP-EAP) in 2003. At least six students graduate from the programme every year.
According to Devashish Dasgupta, chairperson, Financial Aid and International Linkages at IIM-L, students are selected on the basis of academic performances in first year, potential to emerge as an ambassador for the institute and on the basis of prior international exposure.
"While top six of our students are selected for the dual degree, ESCP-EAP sends between one and three students. Students are supposed to complete three terms before the award of the degree. The biggest advantage in such partnerships is that students tend to get international exposure and learn things usually not taught in their respective institutes," said Dasgupta.
The tuition fee under such a programme is usually worked out between the two institutes, making it an attractive proposition for the student. Meritorious students can also bag full or partial scholarships for such programmes. The Institute of Business Management and Research (IBMR), a rapidly expanding business school in the country, will launch a dual-degree programme with University of Stirling, Scotland.
Lovely Professional University (LPU), Jalandhar, has tied up with the University of East London (UEL) and offers a dual-degree in computer sciences, management, biotechnology and applied sciences.
The trend has caught on in other disciplines as well. The Indian Institute of Technology, Bombay, has signed up for a dual-degree programme with the National University of Singapore. Likewise, The Institute of Clinical Research is offering a dual-degree programme with the Cranfield University, UK.
A management degree is no more complete with the stamp of just one good Indian or international college on it. With recruiters preferring students with diverse education profile, quite a few institutes are offering dual-degree or double-degree programmes in collaboration with foreign institutes. The programmes allow the student to complete the first year in India and the second year at a foreign institute.
Indian Institute of Management, Ahmedabad, (IIM-A), for instance, launched its first dual-degree programme in partnership with Essec Business School, Paris, in 2006.
IIM-A has now signed up for a dual-degree programme with Italian Bocconi University and is close to doing so with University of Texas.
Academicians say the growing interest towards dual-degree programmes is not surprising. A student earns two management degrees from top management schools in the world. The exposure of both national and international markets is valuable, they add.
IIM-Lucknow (IIM-L) was one of the early readers of this trend. It launched a dual-degree programme with European School of Management (ESCP-EAP) in 2003. At least six students graduate from the programme every year.
According to Devashish Dasgupta, chairperson, Financial Aid and International Linkages at IIM-L, students are selected on the basis of academic performances in first year, potential to emerge as an ambassador for the institute and on the basis of prior international exposure.
"While top six of our students are selected for the dual degree, ESCP-EAP sends between one and three students. Students are supposed to complete three terms before the award of the degree. The biggest advantage in such partnerships is that students tend to get international exposure and learn things usually not taught in their respective institutes," said Dasgupta.
The tuition fee under such a programme is usually worked out between the two institutes, making it an attractive proposition for the student. Meritorious students can also bag full or partial scholarships for such programmes. The Institute of Business Management and Research (IBMR), a rapidly expanding business school in the country, will launch a dual-degree programme with University of Stirling, Scotland.
Lovely Professional University (LPU), Jalandhar, has tied up with the University of East London (UEL) and offers a dual-degree in computer sciences, management, biotechnology and applied sciences.
The trend has caught on in other disciplines as well. The Indian Institute of Technology, Bombay, has signed up for a dual-degree programme with the National University of Singapore. Likewise, The Institute of Clinical Research is offering a dual-degree programme with the Cranfield University, UK.
IITs, IIMs to reward professors with more faculty chairs
he Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs) have decided to create more chairs in the institutes to help professors top up their salaries. The money that comes to these chairs from corporations will be the additional incentive for the professors.
IIT-Bombay plans to increase the number of faculty chairs to 50 from the current 20 by the year-end. Each chair, the institute estimates, can provide a top-up salary of Rs 20,000 per professor. Recently, Rahul Bajaj and Naushad Forbes committed one chair each at IIT-Bombay. The institute already has chairs from Larsen and Toubro and ICICI Bank among others.
"There are only two ways of increasing the salary for the faculty: either the human resource development ministry increases it or we have new means of creating chairs. We have decided to go the other way. Earlier, we used the chair money to give salaries to the professors. But now we use it to give their top-up salaries," says Ashok Misra, director, IIT-Bombay.
In order to attract and retain quality faculty, the institute will provide a ‘signing bonus' of Rs 3 lakh over three years — Rs 1 lakh over each year to its new professors. The professors would have to sign a three-year bond with the premier institution to avail of the same. Faculty members who joined the institute from January 2008 will also be entitled for the signing bonus.
IIM-Calcutta will be creating some chairs in the institute shortly for the first time. "The due diligence with some corporate houses is on. We are looking at several proposals," said an IIM-C professor. He, however, does not agree with the view that these chairs provide top-up salary of the professors. "The chairs are primarily for research and business ideas," he added.
IIT-Madras is looking at taking the number of chairs to 25 from the current 6.
Companies create chairs in the various B-schools with the objective of using the services of the chair professors to do research on problems areas identified by the sponsoring company.
Sponsoring research is another level of industry-academia interaction apart from the internship at corporate houses. Indian companies have started setting up excellence centres and giving research projects to academic institutions. "This trend however, is stronger in IITs than in B-schools," says a professor.
While research helps the academia gain real world insights by solving real world problems, the industry benefits by receiving knowledge created by the academic research. The institutes are also looking at this option to counter offers to their faculty from the private sector.
IIT-Bombay plans to increase the number of faculty chairs to 50 from the current 20 by the year-end. Each chair, the institute estimates, can provide a top-up salary of Rs 20,000 per professor. Recently, Rahul Bajaj and Naushad Forbes committed one chair each at IIT-Bombay. The institute already has chairs from Larsen and Toubro and ICICI Bank among others.
"There are only two ways of increasing the salary for the faculty: either the human resource development ministry increases it or we have new means of creating chairs. We have decided to go the other way. Earlier, we used the chair money to give salaries to the professors. But now we use it to give their top-up salaries," says Ashok Misra, director, IIT-Bombay.
In order to attract and retain quality faculty, the institute will provide a ‘signing bonus' of Rs 3 lakh over three years — Rs 1 lakh over each year to its new professors. The professors would have to sign a three-year bond with the premier institution to avail of the same. Faculty members who joined the institute from January 2008 will also be entitled for the signing bonus.
IIM-Calcutta will be creating some chairs in the institute shortly for the first time. "The due diligence with some corporate houses is on. We are looking at several proposals," said an IIM-C professor. He, however, does not agree with the view that these chairs provide top-up salary of the professors. "The chairs are primarily for research and business ideas," he added.
IIT-Madras is looking at taking the number of chairs to 25 from the current 6.
Companies create chairs in the various B-schools with the objective of using the services of the chair professors to do research on problems areas identified by the sponsoring company.
Sponsoring research is another level of industry-academia interaction apart from the internship at corporate houses. Indian companies have started setting up excellence centres and giving research projects to academic institutions. "This trend however, is stronger in IITs than in B-schools," says a professor.
While research helps the academia gain real world insights by solving real world problems, the industry benefits by receiving knowledge created by the academic research. The institutes are also looking at this option to counter offers to their faculty from the private sector.
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