New Delhi, Feb 19: More than 65 business management colleges across India are planning to shut down as these institutes no longer see business sense in offering an MBA course, preferring to use the land for more lucrative ventures, reports TOI.
Report further claim that these institutes are not getting sufficient students to run the institutes. Moreover, students are not interested to apply to any of these lesser-known colleges as they do not have good faculties as well as no placements in the end semester of the course.
Reacting into the issue chairman of the All-India Council for Technical Education S S Mantha said that "Colleges in remote India and institutes of poor quality are not getting students."
The director of IIM-Bangalore, Pankaj Chandra urged the MBA aspirants to seat in the Common Admission Test (CAT) to do an MBA from the IIMs.