Addressing the international conference at Indian Institute of Management (IIM) Trichy, Chairperson of AICTE, Mr. Anil Sahasrabuddhe revealed that over 3,000 management institutes across the country apart from IIMs would soon have a revised curriculum. An expert committee, constituted by AICTE has been working on the new model curriculum for non-IIM management institutes, he added.
Mr. Anil Sahasrabuddhe highlighted that the performance of IIMs is satisfactory with students bagging placements worth Rs. 25-30 lakh annual pay. However, the same scenario is not prevalent in most of the non-IIM management institutes across the country. Many students are unable to bag jobs in these institutes due to many reasons. One of the major reasons for lower employability rate of students in non-IIM management institutes is the outdated curriculum. The curriculum of management courses has not been updated for years, he expressed.
Adding further, Chairperson of AICTE mentioned that the expert committee would soon come up with a new curriculum, which will be implemented for all non-IIM management institutes. With the increase of Gross Enrollment Ratio (GER), there need to increase the employability of students, he explained.
Mr. Anil Sahasrabuddhe hailed the decision of the central government to grant more autonomy to IIMs. Similarly, the government is also considering granting autonomy for top performing management institutes. Currently, the government is framing the parameters based on which institutes will be offered autonomy, he revealed.
He indicated that AICTE would train faculty members on teaching-learning processes to equip students with problem-solving skills. AICTE had devised nine modules that should be conducted in one semester, he concluded.