BUSINESS OF BUSINESS SCHOOLS

KHALED QAYUM, Askari Leasing Ltd
Sep 25 - Oct 01, 2006

The business of business schools is big business today. This is evident from the madcap rush towards opening of new universities and schools which are offering MBAs in the country. Almost every city of Pakistan worth a mention has a half dozen schools cum universities, if not more, which offer MBA programs. What is the need for that many business graduates? What is the general quality of the graduates coming out of these universities? What are the job prospects of these young persons?

In recent times we have seen that institutions have sprouted up like proverbial wild mushrooms all focused on grabbing young people. Their efforts of grabbing young people are not that different than ensnaring migratory birds when they visit the fields of Pakistan. Indeed there is big money to be made, which sometime is viewed as easy money. And, as long as there is going to be demand, there is going to be a way to meet the demand.

There has been a large number of graduates coming out of the universities / business schools with MBA degrees. There have been so many of the business graduates in the market that the charm of MBA degree is long gone. Many a times, the MBA graduate does feel shy in stating that he or she actually holds a Master's degree in business administration. Secondly, so many institutions are producing MBAs that there is no check on the quality of education being imparted and students may have no idea as to what they have studied. They enter in the universities with the basic notion that they are going to pay a certain amount, which may be as high as Rs.150,000/- or even more and they will, in return receive a coveted piece of paper with MBA emblazoned all over it. This piece of paper in turn, work like magic and open doors for them. Since, they are paying the amount of money, they are really not motivated to put in the hard work, which is prerequisite for any hard earned education.

The business schools are also not pushed. They are more intent on making money. Their bread and butter is in grabbing more people each year and letting them loose on humanity some time later. It is not their problem, as to what amount of knowledge they have been able to rub on their students in the interim period. If you question them, they simply shake their heads and blame the quality of incoming students. This sometimes leads to rather funny situations.

I was once told by a friend of mine, a CEO of a medium size organization, that when he was interviewing a young brilliant MBA, he asked the young man, what was inflation. The answer was both informative and entertaining. The young man replied, inflation happened in 1915 and had not happened ever since. Indeed, if we were so lucky!!!

Another of my favorite story revolves around a young lady who walked in for a job interview. The interviewer picked up annual reports of a public listed company and placed it before the young lady. "Here", He said, "Can you tell me what this is?" He placed his finger on a heading saying Assets. The young girl smiled and said, "I studied it, but I do not remember it". "Ok," The interviewer asked again, he pointed his finger at the heading which said "Liabilities" and repeated the same question. The young girl smiled again and answered as before. "Oh, I studied it but do not remember it now".

"Lady, is there any quality in you, which is good enough to get you a job?" the interviewer asked again.

"Yes, I get adjusted in new environments very quickly", was the apt answer. I can vouch for the veracity of the story. It did happen, as the interviewer was none other than myself.

I will not like to name the business school which had produced the young graduate. That particular school has many branches in many cities of the country and is considered a success story among the business schools. This is because success today is considered not in terms of quality of education but on other hand the money that the franchise generates. The result is all too clear. The market values the graduates of these schools at a less than ideal level. Where do these graduates find themselves? Many of them are employed in sales and allied jobs where they actually get to learn. This is the drawback of our educational system. We leave actual education to the industry. This should not be so. Ideally the product should be better trained before they are sent to the market.

If one is to talk about incidents as quoted above there will be no end to it. Everyone will have a favorite story to tell. Unfortunately in the times that we live in, there is general dearth of jobs and that has put a premium on education. MBA was and is a good qualification to have, provided it is given the due consideration. There must be some way that the graduates from the MBA schools are judged.

There must be some method that the educational system is upgraded and maintained at a level where it meets a minimum level of expectation. This has to be done through some level of accredit ion. This may be done through a joint board of business schools which meets and agrees on the curriculum, staff, examination etc.

At present there is an over dependence in these institutions on multiple choice questions. This has led to erosion of writing skills of the students. The students cannot express themselves any more. They are overly dependent on cut and paste which they typically utilize in copying from the internet. They are good in compiling reports which they themselves have not read or cannot understand. This should all come to an end. This can only come to end if somehow, we at large become cognizant and take steps to do something about it. For this mushrooming of MBA schools / universities have to stop, or, information should be made available to the prospective students as to which business schools / universities are accredited to give MBA degrees. Which MBA programs are valuable and which ones are not. This will give choice to the students as to which schools / universities to join and which to avoid and the same time this hopefully will bring pressure on the schools / universities which are lagging or which are less in their focus to put more emphasis where they lack. Hence they should be able to pull themselves up. Thus business of business schools does not have to be bad business.

LIST OF RECOGNIZED INSTITUTES / UNIVERSITIES

Chartered Universities/Degree Awarding Institutes of Pakistan in Public & Private Sector

 

PUBLIC SECTOR UNIVERSITIES / DEGREE

 

PRIVATE SECTOR UNIVERSITIES / DEGREE

 

AWARDING INSTITUTES

 

AWARDING INSTITUTES

1

Air University, Islamabad

1

Agha Khan University, Karachi

2

Allama Iqbal Open University, Islamabad

2

Al-Khair University, AJK

3

Bahauddin Zakariya University, Multan

3

Baqai Medical University, Karachi

4

Bahria University, Islamabad

4

Beaconhouse National University, Lahore

5

Balochistan University of Engineering and Technology, Khuzdar

5

CECOS University of Information Technology and Emerging Sciences, Peshawar

6

Balochistan University of Information Technology and Management Sciences, Quetta

6

City University of Science & Information Technology, Peshawar

7

COMSATS Institute of Information Technology, Islamabad (having campuses; Islamabad, Abbottabad, Wah, Lahore and Attock). 

7

College of Buisness Administration& Economics (NCBA&E) Lahore

8

Dow University of Health Sciences Karachi

8

Dadabhoy Institute of Higher Education, Karachi

9

Fatima Jinnah Women University, Rawalpindi

9

Forman Christian College, Lahore

10

Federal Urdu University of Arts, Sciences and Technology, Islamabad

10

Foundation University, Islamabad

11

Frontier Women University, Peshawar

11

Gandhara University, Peshawar

12

Gomal University, D.I. Khan

12

Ghulam Ishaq Khan Institute of Engineering Sciences & Technology, Swabi

13

Government College University, Faisalabad

13

GIFT University, Gujranwala

14

Government College University, Lahore

14

Greenwich University, Karachi

15

Hazara University, Dodhial, Mansehra

15

Hajvery University, Lahore

16

Institute of Business Administration, Karachi

16

Hamdard University, Karachi

17

Institute of Management Sciences (IMSciences), Peshawar

17

Imperial College of Business Studies, Lahore

18

Institute of Space Technology (IST), Islamabad

18

Indus Institute of Higher Education, Karachi

19

International Islamic University, Islamabad

19

Indus Valley School of Art and Architecture, Karachi

20

Islamia University, Bahawalpur

20

Institute of Business & Technology BIZTEK, Karachi

21

Karakuram International University, Gilgit

21

Institute of Business Management, Karachi

22

Kohat University of Science & Technology, Kohat

22

Institute of Management Sciences, Lahore

23

Lahore College for Women University, Lahore

23

Iqra University, Karachi

24

Lasbelaa University of Agriculture, Water & Marine Science, Othal

24

Iqra University, Quetta

25

Liaquat University of Medical and Health Sciences, Jamshoro Sindh

25

Isra University, Hyderabad

26

Mehran University of Eng. & Technology, Jamshoro

26

Jinnah University for Women, Karachi

27

National College of Arts, Lahore

27

Karachi Institute of Economics & Technology, Karachi

28

National University of Modern Languages, Islamabad 

28

KASB (Khadim Ali Shah Bukhari) Institute of Technology, Karachi

29

National University of Sciences & Technology , Rawalpindi

29

Kinnaird College for Women, Lahore

30

NED University of Engineering & Technology, Karachi

30

Lahore School of Economics, Lahore

31

NWFP Agriculture University, Peshawar

31

Lahore University of Management Sciences, Lahore

32

NWFP University of Engineering & Technology, Peshawar

32

Minhaj University, Lahore

33

Pakistan Institute of Engineering & Applied Sciences, Islamabad

33

Mohammad Ali Jinnah University, Karachi

34

Pakistan Military Academy, Abbottabad

34

Mohi-ud-Din Islamic University, AJK

35

Pakistan Naval Academy, Karachi

35

National Textile University, Faisalabad (Federal Chartered)

36

Quaid-e-Awam University of Engineering, Science & Technology, Nawabshah

36

National University of Computer and Emerging Sciences, Islamabad

37

Quaid-i-Azam University, Islamabad

37

Newports Institute of Communications and Economics, Karachi

38

Sardar Bahadur Khan Women University, Quetta

38

Northern University, Nowshera Cantonment

39

Shah Abdul Latif University, Khairpur

39

Preston Institute of Management Sciences and Technology, Karachi

40

Sindh Agriculture University, Tandojam

40

Preston University, Karachi

41

Sukkur Institute of Business Administration, Sukkur

41

Preston University, Kohat

42

University of Agriculture, Faisalabad

42

Qurtaba University of Science & Information Technology, D. I. Khan

43

University of Arid Agriculture, Murree Road, Rawalpindi

43

Riphah International University, Islamabad

44

University of Azad Jammu & Kashmir, Muzaffarabad, Azad Kashmir

44

Sarhad University of Science & Information Technology, Peshawar       (Approved Distance Education Centers of (SUIT), Peshawar)

45

University of Balochistan, Quetta

45

Shaheed Zulfikar Ali Bhutto Institute of Science & Technology (SZABIST), Karachi

46

University of Education, Lahore

46

Sir Syed University of Engg. & Technology, Karachi

47

University of Engineering & Technology, Lahore

47

Textile Institute of Pakistan, Karachi

48

University of Engineering & Technology, Taxila 

48

The Superior College, Lahore 

49

University of Gujrat , Gujrat

49

The University of Management & Technology, Lahore   

50

University of Health Sciences, Lahore

50

University of Central Punjab, Lahore

51

University of Karachi, Karachi

51

University of East, Hyderabad 

52

University of Malakand, Chakdara, Dir. Malakand

52

University of Faisalabad, Faisalabad

53

University of Peshawar, Peshawar

53

University of Lahore, Lahore

54

University of Sargodha, Sargodha

54

University of South Asia, Lahore

55

University of Science & Technology, Bannu

55

Zia-ud-Din Medical University, Karachi

56

University of Sindh, Jamshoro 

 

 

57

University of the Punjab, Lahore

 

 

58

University of Veterinary and Animal Sciences, Lahore

 

 

59

Virtual University of Pakistan, Lahore

 

 

50 (Universities) + 9 (Degree Awarding Institutes) = 59

37 (Universities) + 18 (Degree Awarding Institutes) = 55

Source* Higher Education Commission of Pakistan