India’s oldest MBA degree granting institute - Indian Institute of Social Welfare & Business Management (IISWBM), may soon get university status with the power to affiliate B-schools located in various parts of West Bengal. The institute, established in 1953, has been offering MBA degree in various management programmes since its inception.
To give a fillip to higher education in the state, the West Bengal government is planning to establish five universities in different parts of the state. Partha Chatterjee, Education Minister of the state last week said that the government will table all five bills in the upcoming winter session of the assembly, likely to begin in the second week of November.
Upon getting the status of University, IISWBM will be able to develop its own curriculum, collaborate with institutions and industry independently along with complete autonomy in the recruitment of teachers, examination processes and issuance of degrees. Currently, IISWBM affiliated Calcutta University and it needs the approval of the state university for all major decisions.
Prof Soma Bandyopadhyay, Director, IISWBM speaking to Careers360 said, “Getting status of a university will certainly benefit the institute in several ways. For example, we will get more funding for development. Till now, almost all the expenses of the institution was borne by the institute alone either through fee from students or from faculties through their various types of consultancy projects. Now, we will become eligible for funding from the UGC as well as from the state government.”
Besides IISWBM bill, the other four bills will seek to establish Green University in Chinsurah, Hooghly; Biswa-Bangla University in Bolpur; and two multi-disciplinary universities in Jhargram, West Midnapore and Haldia, East Midnapore.
Prof Bandyopadhyay added that the university status will also make the institute an international institution and enable it to forge more collaboration with foreign institutions and also help the institute get a good number of students from other countries as well.
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