RANKING OF BUSINESS EDUCATION
TARIQ AHMED SAEEDI (firstname.lastname@example.org)
July 07 - 13, 2008
Ranking for quality education of institutes and universities by appraisal bodies are recognized globally for its value to guide prospective stakeholders, students in their decisions about making advantageous relationships with education centres. More so for students position of institutes on rating chart of chartered rating agency is relatively important as it helps them in making decisions regarding admission.
Now a day business education emerges to be one of the segments that can become more attractive provided the renowned rating emblem they carry along. As one of the professional educations which are sought after even by one who have already attained employment level degree such as MBBS, LLB, so on and so forth, it has large a portion of candidates to satisfy.
The certificate issued by renowned rating agency to business school guarantees the quality of standard of offered programmes. In its actual interpretation accreditation is to check on institutes from falling into aberration. As most demanding professional degree world over, MBA is an executive education standardized accomplishment of which is sin quo non to flourish strategic thinkers for socio-economic wellbeing. Therefore, approbation to qualitative business education by an outsider is essential to upgrade and update academic standards.
In Pakistan, Higher Education Commission of Pakistan is the supreme authority to rate education standards of public and private sector institutes and universities. Not only does HEC make categorization of education centres, but it also advises federal and provincial government on whether or not private-sector University or institute shall be granted degree awarding status. While it has few sub specialized surveillance institutions that include Business Education Accreditation Council, HEC-recognised conferment to local-origin universities and institutes offering mainly management sciences courses is highly acclaimed locally and internationally.
Although global ranking takes into assessments performance of education centres on specified fronts and rate them pin pointedly in accordance with for example programmes' effectiveness, students' personal development and experience, and centre's infrastructure condition, the categorization of universities and institutes by HEC is based predominantly on infrastructural appraisal. Maybe other factors are also accounted for but not inasmuch as the capital viability and physical evidence of particular institute. Perhaps, the congenial 'cabinet' liaison adds on credence in the proposal submitted by businessmen to get institute degree awarding status.
Monitoring task of HEC seems to be unnecessarily centralized. Amid assigned task to the commission of keeping vigilance at multi-disciplines public and private sector universities, updates on single discipline can no longer be effective. Apparently local appraiser exonerates dejectedly itself from the responsibility of watchdog regularly at provision of quality business education. A mere advisory role of sole supreme body for higher learning in the country without regulation control leaves a question mark over the fate of quality education. Given the mushroom growth of business education institutes all over the country, only a threadbare appraisal can ensure an international quality of business education.
Typically, MBA degrees of Pakistan's higher learning schools are not certified by most of the globally networked rating agencies. Barring one or two local business administration programmes, numerous have failed in garlanding with world-class emblems by ranking agencies such as Economic Intelligence Unit, Association of MBA, CNN Executive programmes, Business Week, and Asia Inc.
These ranking agencies have painstakingly long process of evaluating quality standard of business administration programmes. One practical aspect of their rating results are that while considering diversity in business education culture they come up with rates alike personalized and internationally acceptable. The Which MBA Profiled of EIU- a special unit of The Economist-providing analyses on industry and country for over 20 years is like red carpet for business schools. In its 2007 top-100 business schools ranking, only 13 business schools from Asia were Which MBA Profiled. One from neighbouring country, Indian Institute of Management-Ahmedabad, shared the toss. The result of ranking of EIU is extracted from the comments of students and alumni and school's management; programmes' effectuation in opening career opportunity; personal development and experience; cross verification of data to name few.
These ranking agencies have widespread network for colleting information of especially business schools. For example AMBA that forwards accreditation services for MBA, Doctorate of MBA, and MB Management, has 150 business schools members in 68 countries.
So far CNN Executive education has enlisted only one university from Pakistan, 3 from Bangladesh, and 26 from India. Since qualification in business administration discipline leads one to management, marketing, finance, or administrative affairs in the corporation, success and failure of which revolve around universal basic organizational principles, international education standard keeping in line with ground realities can if not practically imitated be followed as role model. That's why ranking list of credible and known international agency ensures the highest quality of education of university or institutes.
Regardless of the fact that on what numeric position University is placed in the ranking lists of above mentioned appraisers, meeting the criteria is in itself an achievement. In vogue business education culture of tripartite Indo-Pak-Bangladesh, participation in ranking at least would give benchmark to business schools.
Pakistan's business education universities and institutes have to put on extra efforts to fulfil the basic criteria of international education standards. Adhering to the national education standards will be an initial step at the threshold of global grinding business education standards. As no such correcting mechanism for business education centres-that has misconstrued freedom to educate-in place in the country, regulatory framework should immediately be chalked out. There is also an ample space for reforming legal framework.