Indian students may soon have the option of pursuing government recognised one-year MBAs in their own country, if the human resource development ministry accepts a proposal mooted by an informal group of the country’s top private universities.
The group of 17 private universities and deemed universities have requested HRD minister Kapil Sibal to allow one-year MBAs, currently not recognised by the All India Council for Technical Education (AICTE), government sources said. Most top B-schools globally have one-year MBA programmes.
The group, which includes many of the country’s top B-schools other than the Indian Institutes of Management, met Sibal recently, and also requested that the government assist them financially, sources said.
Birla Institute of Technology (BITS) Pilani, BITS Messra, Xaviers Labour Research Institute Jamshedpur, Manipal University, TERI University, International Institutes of Information Technology in Hyderabad and Bangalore, Thapar University, Amrita University, Institute of Management Technology Ghaziabad Jamnalal Bajaj Institute of Management Sciences (JBIMS) and SP Jain are in the group among other institutes.
XLRI, SP Jain and JBIMS are three of the most popular private universities for MBAs.
The AICTE, India’s apex technical education regulator, at present recognizes only two-year MBA programmes.
However, the Indian School of Business (ISB), Hyderabad, which offers a one-year programme, is increasingly becoming popular with Indian students and mid-career professionals seeking an MBA education. The ISB programme is not recognized by the government of India but is rated among the best globally. The Kellogg and Wharton schools of business support the ISB.