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After much deliberation, the premier b-school IIM Ahmedabad had decided to increase the number of seats on the recommendation of the Central Government. The institute will add 800 seats in order to offer more business education opportunities to MBA aspirants.
The number of seats in the popular two-year PGP course will be increased from 860 to 1,200. An additional 400 seats will be added to the PGPEX course for executive level, fellow programmes and other courses. The exact number has not been decided yet.
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Sources informed that it will take 5 years to implement the expansion once the move is approved by the government. The HRD Ministry has asked the IIMs to increase their student intake. Currently, 1,100 students are enrolled at IIM-A.
Talking about the HRD Ministry’s proposal, a ministry official said that it is more constructive to increase the intake of the old IIMs as they are already a big brand than spending resources in the establishment of new ones. Also, newer of the 20 IIMs such as IIM Ranchi and IIM Amritsar are dependent on government aid. Many of these institutes also lack faculty and directors.
In the first phase, seats in the PGP course offered by IIM-A will be increased within a time span of 3 years. Seats in PGPEX and other courses will be increased in the next two years.
Six of the oldest IIM including – IIM Ahmedabad, IIM Lucknow, IIM Calcutta, IIM Kozhikode, IIM Indore and IIM Bangalore – have been included in the government’s plan of seat expansion. Responses regarding the government’s proposal have been sent by IIM Ahmedabad and IIM Kozhikode. The other institutes have not shared their opinion yet.
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The IIMs have stated that they will need funds to build new hostels, classrooms, labs and recruit new faculty members. They have also added that the fee received by the students is only enough to cover the operating expenditure.
