A draft Bill has already been put up for the public consultations about the way IIMs are to be governed
IIM-Kochi
New Delhi: As the government prepares a new set of norms for IIMs, over 400 alumni members and students of these prestigious business schools have petitioned Prime Minister Narendra Modi to make changes in the criteria for awarding of MBA degrees in the country.
To ensure that the degrees awarded to IIM students are at par with the global standards, they have said that the Masters in Business Administration (MBA) degree should be given only for one-year programmes and two-year courses should be for the Masters in Business Management (MBM).
The petition, to Mr Modi and human resource development minister Smriti Irani, has been made through oneyearMBA.co.in and the petitioners include alumni and students from IIMs. A draft Bill has already been put up for the public consultations about the way IIMs are to be governed.
The petitioners have said that continuing to award MBA degrees for two-year programmes would have multiple negative ramifications including on the competitiveness of IIMs. They add that only one year MBA courses at IIMs that stipulate a minimum of five years of work experience as an eligibility requirement meet global norms for an MBA programme and are accredited as full-time MBAs by the Association of MBAs.
( Source : PTI )
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