Just saw a debate on TV on Education with Arindam Chaudhuri (frankly I wish he would shout less especially given that his points are quite valid in my opinion). IIPM is not claiming to be a University accredited by UGC – nor is ISB in Hyderabad – but then why is UGC pointing a finger and singling out IIPM in its advertisements ?
Well, government always has bizarre ways – Maybe the right approach would have been for Arindam to grease a few palms at UGC instead of taking the site to court and generating negative publicity – now IIPM students have to explain and have a speech/ an explanation ready “I am from IIPM , a fine institute , and that accreditation means nothing”. Wait – did i say grease a few palms ? Today must be a bad day for me, I guess.
Educational Institutes in India And Harvard Salaries
Anyways, this brings a larger question to the fore – partly bought out by Suhel Seth – that there needs to be a lot investments (FDI, etc) in educational institutes in India – one cannot necessarily depend on the govt. and its bureaucracy to create world famous institutes. Speaking of MBA program’s- would you know a representative salary of a professor in Harvard – probably at least two hundred thousand dollars (a crore give or take – more give than take) a year compared to ten lakh rupees or so at the IIMs – how are we to create world famous institutes if we cannot even pay for talent. And this is not something the government can handle – as government can never implement any pay for performance/merit – that is best left to the private sector.
Wealth Destruction By Students Going Abroad – Australian Universities
Do you know one of the biggest wealth destroyers currently in India – students going abroad for an education at so-so universities – here’s an idea for UGC – if you guys have time (and clearly you do) – publish a list of universities to avoid abroad. I remember during the Australian crisis – where Indian students were being discriminated against ,a statistic was pointed out – that Indian students spend more than a few billion dollars in tuition every year in Australia. Could the same not be spend in India ?
Further it is well known that after graduation from most (probably all) Australian Universities, it is impossible to get a job back in India (unless you have a “bap ka business” of course) – as it is probably true (it was certainly during my time and nothing has really changed) – that if you did not make it to the American Universities, if you did not make it to any Universities in UK , and if you did not make it to any other University in India/Rest of the world you waltzed into an Australian University. Are you going abroad for education or tourism – please understand the difference, guys !
Pulse and Purse Universities
Not that all Universities in the US are any good – far from it. Most Universities in fact would not survive if it were not for the stupidity and deep pockets of foreign students. It is a well known fact that there are four categories of Universities in the US
- Those you go to if you have Brains and Greenbacks (dollars)
- Those you go to if you have Brains
- Those you go to if you don’t have Brains , but Greenbacks (also referred to as P&P Universities) – that is if you have a “Pulse and Purse” you can study there.
- Vocational Institutes
Universities like Stanford , UC-Berkeley, Harvard, UPenn, etc fall in the first and second category. Universities like American University, San Jose State , Thunderbird, etc fall into the third (essentially most universities beyond the top 10-15 in Engineering / Business / etc fall in the third caegory). Students should note that there is no caste system in the US , but there is a class system – which is the University you obtained your degree from. I remember in Wall-Street , any graduate not from a top-ten University was only offered a job in Operations/Back Office and not in trading/investment banking – your career is already doomed before it started and the money your parents spent in sending you abroad totally wasted.
The fourth category – Vocational institutes is an interesting one and not to be ignored. It is my belief and the belief of many others that Germany’s manufacturing prowess is the result of the successful vocation educational systems (Technik Hochschule, I think – translated as Technical Schools) – we need more of these.We have some – called the ITI’s – unfortunately these have been essentially failures with little participation from Industry – Arindam would probably have the last laugh and comment that “Hey there ITI’s are probably regulated by the UGC” The need for the hour is to create world-class institutes and to take the IIMs, IIPMs, ITI’s etc (just arbitrarily selected these names) – to a higher level so that students can get a world class education in India.
Image Source: IANS