Why are Professional Institutes Shutting down?

In recent news on Education in India, many B-schools and engineering college are closing. Read on to know the reasons. 

In the name of professional education, hundreds of institutes came in the last decade. The charms of engineering and management courses made thousands of students queuing up to join these courses. Moreover, with every passing year, more number of seats were added to these professional institutes. 

A decade later, the picture is not glossy and shining. According to reports, since 2011 more than 200 b-schools and about 50 engineering institutes have closed down. The colleges are located across the length and breadth of the country. Many such professional institutes over the last decade have lessened the number of seats. At one point of time, these colleges offered dozens of courses but now have trimmed significantly. The Engineering institutes in India have also limited the domains. 

The report gave alarming numbers of MBA colleges shutting down. In the past year, about 146 new management colleges in India were set up. Presently 124 b-schools have closed. Till Sep 2012, 101B-schools have closed down.

For MCA Courses, the takers are few. More than 80 colleges have stopped teaching this program. The simple reason for students shifting attention from MCA courses is availability of engineering seats. A B.Tech degree is better any day than an MCA. 

AICTE chairman, S S Mantha, commented on the dismal performance of professional education. He said that the professional education in India is experiencing a turning phase. Institutes set up in the remote areas with poor quality of education are not getting any students. Students prefer colleges featuring in the top categories list.

Three reasons can be summed for the closing of professional colleges: