Just like getting into a college, selecting a right university with a course of your choice is a key parameter for a successful career. Especially, in the age of PR where every university portrays itself as best to gain monetary attention from students. Some universities concentrate on study patterns and quality education while other B-schools are in a business to provide jobs. Nothing wrong with it as most students pursue courses like MBA, Masters and Certificate courses to climb the career ladder. Students selecting university should give a thought on the economic background of themselves and their parents while choosing the course. The job market is brutal and isn’t that rosy as portrayed by some private universities. Any loss of pay, demotion or termination of services (which is normal) should not weaken your financial standings. Which university should you select?
Universities across India are recognised and awarded ‘university’ status by University Grants Commission (UGC). The UGC draws its power from the University Grants Commission Act, 1956. Along with the UGC, 15 Professional Councils are also established, in charge of different parts of accreditation and coordination. India has the combination of public and private universities, but public university with its Ph.D. academia, government support, and reasonable tuition fees attract India’s best brains.
Central universities are established by an Act of Parliament and at present, there are 40 Central Universities in India. These universities provide quality education in reasonable tuition fees across all streams. Central universities are fully funded large education institutes with the student strength of more than 2000 per academic year. Banaras Hindu University, JNU, Aligarh Muslim University, English and Foreign Languages University, University of Hyderabad, Pondicherry University, University of Delhi are popular amongst students.
Any students from middle-class background would afford a high-quality education in Central University. We have researched the MBA fees of UoD, UoH, AMU, PU and BHU for you.
Faculty of Management Studies, University of Delhi – Rs. 22,000 (2 years)
University of Hyderabad – Rs 91,000 (2 years)
FMS, Banaras Hindu University – Rs 1,00,000 (2 years)
Aligarh Muslim University – Rs 35,000 (2 years)
Pondicherry University – Rs 75,000 (2 years)
State Universities are public universities run by the state government of each of the states and territories of India and are usually established by a local legislative assembly act. The UGC publishes and regularly updates the lists of state universities. As of 2 December 2016, the UGC lists 356 state universities. The oldest establishment date listed by the UGC is 1857, shared by the University of Calcutta, the University of Madras and the University of Mumbai. State Universities are fully funded from the budget of state governments.
Jadavpur University (West Bengal), Anna University (Tamil Nadu), Savitribai Phule Pune University (Maharashtra), Calcutta University (WB), Tamil Nadu Agricultural University are ranked under Prestigious 20 in National Institute Research Framework (NIRF) Ranking 2017.
MBA from Pune University MBA (PUMBA) – Rs 1,00,000 (2 years)
A deemed university, on the other hand, is ‘deemed to be a university’ by the UGC under Section 3 of the UGC Act of 1956. The declaration may be made by the Central Government on a recommendation by the UGC. Currently, there are more than 130 deemed universities in the country, with Tamil Nadu having the highest number of them: 28. To put in simple words, Deemed universities are privately run universities with an autonomy from UGC.
Institutions of National Importance
Institute of National Importance (INI) is a status that may be conferred to a premier public higher education institution in India by an act of parliament, an institution which “serves as a pivotal player in developing highly skilled personnel within the specified region of the country/state”. INIs receive special recognition and funding. As of 29 December 2017, the Ministry of Human Resource Development has listed 91 institutions under this category. INIs are mostly self-financed autonomous institutes with a special focus on skills, startups, entrepreneurship, and innovation. Indian Institute of Management (IIM), Indian Institute of Technology (IIT), National Institute of Technology (NIT), All India Institute of Medical Science (AIIMS), School of Planning and Architecture, IIIT are some of the INIs. Fees at AIIMS are priced at Rs 10,000 for 5 years whereas a 2-year post-graduation diploma from IIM Ahmedabad costs a whopping Rs 16,50,000.
We are indeed living in the age of globalisation and privatisations. Private universities offer superior campus facilities and industry participation. Most private universities in India are run by large business houses or charitable trusts. Amrita Vishwa Vidyapeetham Coimbatore, BITS Pilani, Thapar University and Dr. DY Patil universities are ranked under 25 as per NIRF 2017. Sikkim Manipal University, registered in 1995 is India’s first private university. With their reach and PR, a large number of corporate sector employees considered distance education from a private university as an option.
– Chaitanya Kulkarni