World Colleges Information

An interactive pedagogy, an intensive but well-balanced business education, high quality of faculty members drawn from around the world, a campus located in the heart of the business city facilitating a close interaction with the business community and a diverse mix of nationalities, is a sure shot requirement for a B school student to be in a winner in the modern world.

But one of the biggest worry of any student appearing or applying for management education would be, his job market and Re-turn on Investment.

One of the major concerns before MBA Aspirants about B-Schools is their fee structure. A majority of MBA students fund their course fee by way of educational loans or their personal savings (those who were working prior to MBA) with bschools charging 25-30 lakhs

There has been a shift in perceptions about business education. The cost of doing an MBA has risen substantially, and starting salaries have not kept pace.

Banks generally lend at lower rates for premium schools. The State Bank of India, for in-stance, lends at 10.5 per cent for 10 schools, including several IIMs,and a few reputed premier ones. For other schools, the interest rate is 11.75 per cent. Private banks charge more.

Students are worried about the amount of principal and interest they would pay, for their degrees, while choosing colleges.

But there are only some b-schools that charge nominal and are equally good in terms of placements, industry exposure and quality of peer group.

To address this growing need of students and to maintain the cremier layer of incoming MBA students, a lot of colleges down South have tried to reassess their economic situation, keeping in mind student needs.

These no frills insititutes have tried to keep the basic tuition fees comparatively lesser and try to obtain government grants, to subsidise fees and keeping cost under control, by sharing infra-structure with other university de-parts. Thus in a way, using least resources, they are able to attract, quality students and produce equally good MBAs.

South India, is thus becoming a growing hub for educational purposes, especially in graduate and post graduate courses. Over the years, it has become a mecca of sorts for students coming from all over the country and abroad. Thanks to its ever pleas-ant weather, lesser natural calamities and communal riots, and ever growing corporate base, it offers a peaceful mix for wannabe students to pursue their dreams.

Colleges in South India, have been able to attract and cater to the needs of both students and corporates alike, be it in any of the booming domains, Information Technology, Pharmacology, E-commerce, Banking or Consultancy.

Bangalore, for instance is touted as the silicon valley of India. With companies spread across many verticals and domains, it is the home for home grown companies as well as Multinationals. Flipkart, Amazon, Microsoft, ITC, ICICI Bank, Infosys, TCS all finding the suitable infrastructure, and resources, choose to set base here.

Chennai, for another, is the automobile & manufacturing industry’s hub. With companies ranging from Ford to Mercedes, having their manufacturing units here, it is yet again another sweet spot for job seekers.

Hyderabad also boats of its own IT City, helping companies find another base for their IT operations.

Owning to regulated cost of education, better opportunities in the form of job prospects, bet-ter global exposure along with a healthier cultural diversity, all this and more, South India, is trying to become a better Return on Investment on a student’s Bschool education.

The culture in these South Indian cities are also a favourable factor, for students coming down. These rapidly evolving metro cities have a bubbling youthful sprit, armed with the younger educated crowd, all leading to a desire to for students to obtain management degrees in the area, and be a part of an evolving educated metropoliton peer group.

As companies find peace with governing policies of the South Indian states, appropriate infra-structure resources, and crème dela crème of students, it helps them bear their roots here and grow at a faster pace.

When the number of companies rise, due to positive acclimatization, the number of Business Schools in the region offering courses have increased multi fold.

South Indian states of Andhra Pradesh, Telangana, Kerala, Karnataka and Tamil Nadu have many quality B-schools which are among the top B-schools in the country like Indian School of Business, Hyderabad. The region has two IIMs- Bangalore and Kozhikode. Other top B-schools in South India include ICFAI Business School Hyderabad, Indian Institute of Science Ban-galore, TAPMI Manipal, LIBA Chennai among others.

With a healthy balance on government funded educational institutions to privately owned colleges, mog for business degrees, have found South India, as a popular hub for their pursuit, compared to other parts of the country.

BUDDING MANAGERS

APRIL 2015 ISSUE