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13. All class rooms and library and computer rooms should be air-conditioned and there should be at least 2 water-coolers and a small canteen to sit 30-40 students (60 seats).

14. The institute should have at least 2 acres of land of their own and must have hostels for at least 25-40% of total student strength with common room, games and color TV and coolers. Also computers with Internet in common room at least. A warden should be there.

15. See if the institute introduces at least one new course every year in syllabus or not?

16. Who takes examination and standard of evaluation? Most institutes give 40% marks as internals and exams are taken by same teacher who teaches. This definitely makes program quality to go down. Regular assessment, presentations, and project works are a must for a B-school.

Fees: An Important Issue

17. In India, fees are charged from Rs. 5000/- per annum to Rs. 10 Lakh per annum for MBA / PGDM whole program (2 years). It depends on course structure and financial sources available.

While leaving out all university system colleges as they are, of course, monitored by government, I guess a fee of Rs. 70,000 per year is adequate and sufficient to meet above standards in any private self-financed institute for MBA / PGDBM program.

The older institutes can go for expansion or already have done so, and generally have 120-150 seats but they still have very less faculty, the key resource on which money is saved. Even universities employ fresh inexperienced teachers on Rs. 8000 / 10000 contract which is shameful conduct and playing with careers of students. It is also exploitation of teaching profession. Fees above this level as mentioned by me are unfair and should be rejected, unless there is ground to justify more, like giving text-books, laptops and foreign faculty visits, etc.

In India, education system is being exploited by businessmen although education should be basically a non-profit venture. Students and their parents should demand reasonable fees and reject high fee charging colleges. It is unfortunate that while AICTE and UGC insist on quality, state governments and universities fix as low as Rs. 30,000 to 40,000 fees for unaided private affiliated institutes, which can't provide good quality in this amount. They know it very well. But carry on like this. This is very bad conduct of authorities harming these programs. The fees must be in range of Rs. 70,000 to 80,000 per year without frills, depending on various factors. Anything lesser or more than this is unjustified.

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* Contributed by -
Prof. R. K. Gupta,
B.E. (Honors), MBA FIE FIMA,
Senior Consultant & Professor of Management at Jodhpur,
Director, Sobhagya Consultancy & Marketing Services, India.