Over 100 B-schools applied to govt for closure in 2017-18

Battling vacant seats and a dip in campus placements, more than 100 business schools offering MBA degrees and postgraduate diplomas in business administration applied for closure in 2017-18, according to officials familiar with the development.

Data with the All India Council for Technical Education (AICTE), the apex body of technical and management institutes, shows that a total of 101 management institutes wrote to it seeking voluntary closure. The largest number of them were from Uttar Pradesh (37), followed by 10 each from Karnataka and Maharashtra. Most of these requests are likely to be accepted, the officials said.

In 2016-17, 76 management institutes closed down and in 2015-16, 66 did, according data provided by AICTE. Both were not-so-good years for the Indian economy.

“There is a reduction in demand for some of the specialisations, State Uttar Pradesh Maharashtra Karnataka Haryana

Institutions that have closed down or applied for closure B-schools applied

NEW DELHI:

37

2015-16: 2016-17: 2017-18: especially marketing. There is also an increase in number of deemed and state private universities. At the same time, some institutes are unable to fulfil the norms and standards set by regulators with the revenue generated through fee structures prescribed by state governments,” a senior AICTE official, who asked not to be named, told HT.