Lucknow University self-financed MBA courses stare at closure

  • Miles
  • July 13, 2019
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Lucknow University

LUCKNOW: Some self-financed postgraduate management courses in Lucknow University may not run this session, as only 500 out of 600 seats in six programmes were locked till Thursday, a day before the admission process formally closes.
According to LU rules, any self-finance course can be continued only if it has at least 60% enrolment. But, past trends suggest that those who don’t find a berth in the coveted MBA degree programme, better known as LUMBA, show little interest in seats in other courses even if they have paid a fee to lock these.

Of the six postgraduate management courses at LU, the department of business administration which runs LUMBA has 120 seats – 60 each in regular and self-finance categories.
The five other courses with a total of 480 seats, all under self-finance category, are run by the Institute of Management Sciences (IMS). These are MBA (finance & control), MBA (marketing) and MBA (human resource & industrial relations) with 120 seats each and MBA (international relations) and masters in travel & tourism management with 60 seats each.
Entrance exams were held for admission into these courses. The varsity also allowed candidates to apply directly by submitting their IIM-CAT scores. A total 742 were called for counselling. While 500 have locked seats, the rest did not turn up. The seat allotment process will be held on Saturday based on preferences submitted by candidates.
“Past records show that LUMBA is most popular among candidates. Hence, there are possibilities that a few IMS courses may not get enough candidates to fill 60% seats. Such courses will be discontinued for the session,” said pro-vice chancellor RK Singh.
It is not the first time that MBA programmes at LU are in a crisis. The number of applicants has been dwindling for the past few years.
Asked about the reason, professor Singh said: “Quality of education has suffered a bit owing to funds crunch. However, we have decided to invest more in self-finance courses.”
Director of IMS Vinod Singh, however, said the charm of MBA was decreasing because of shrinking job opportunities in the sector.