It is time to set up National Pricing Commission in education and an IndependentRegulatory Authority for accreditation with law for compulsory registration of alleducational Institutes in India from Middle schools to PhD level (especiallyTechnical education) and treat the infringementas criminal offense and attachmentof all assets.
Like any sunrisesector, a large number of industrial houses of past have jumped intoEducation business as it is easy money, no risk investment , no creditneeded to be givenin market and
there is no perceptible ability of customers ( students, parents andemployers) to compare and value quality.
Scenario must change and access to management studies should be easily available tograduates. Quality of the course must also be keenly monitored.
2. Technology Factor
There are numerous commercial and pedagogical (teaching) models that haveemergedacross the country
. But Still?The latest revolutions in convergence technology based on internet, microwave andsatellite transmission have helped this surge. A number of third rate institutes anduniversities have jumped on bandwagon to make money by launching distance educationprograms (Like State Technical Universities with very poor standards headed bypolitically appointed and retired outdated persons), which these same universitiesthemselves don't recognize for their own various purposes.
Aren’tIndian students cheated and deprived of what they deserve?How would agraduate be encouraged when there isn’t enough facility, in spite of thetechnological advancement?
All B-Schools must provide good system of education.This will encourage young minds to take up management courses.
3. Overstatementsand False Publicity
Many B–schools claimthemselves as
centers of excellence
charge huge fees (IIMsincluded)
.This is also true for State aided or controlled, university affiliated private or autonomousinstitutes alike, and new private universities. On the whole education in managementexcepting for a few universities' own campuses is substandardand
avoidable for variousreasons
.The major problem with management education in India is the foolishrules and lawsgoverning themand interference of state governments in not allowing
at leastreasonable fees
for quality education in name of popular welfare measures andexploitation.