Nalsar Hyderabad, which launched its debut MBA program almost two years ago, has geared up to find placements for its first batch of 55 students after disappointing results so far.
Nine out of the first 55 MBA students that will graduate from Nalsar’s College of Management Studies (CMS) this year have found jobs with Indian financial services group Karvy, media company Progressive Digital Media and financial information provider S&P Capital IQ.
As the law school is preparing to find jobs for its remaining 46 MBA students who are due to graduate this year, it is also grappling with the job market realities facing its experimental MBA specialisation – court management.
Nalsar vice chancellor Faizan Mustafa commented: “Not many people are interested in court management. In fact, the best of the students have not opted for court management. We are now concentrating on finance and corporate governance.”
Lofty expectations
Mustafa had, at the time of launching the MBA programme in May 2013, said that the new degree was a result of upgrading two existing management courses – the Masters in Business Law and Administration and the Masters in Financial Services and Capital Markets.
In creating the MBA degree, Nalsar had also added the court management specialisation to it, becoming the first Indian law school to do so.
While the MBA batch had 60 seats, only 55 were filled in the first year of admissions and around 40 students took admission in the course’s second year. Mustafa said that some students had dropped out of the second batch after getting into better MBA colleges.
On the court management course he commented: “Now we are realising that the salary which the high courts offer to court managers is only in the range of Rs 50,000 to Rs 75,000. And not many people are keen to work in the high court registrar’s office, even though I had written a letter to all the [high court] chief justices [about recruitment of court managers from CMS].”
“I had in mind that if we need court managers - and now every high court has recruited about 50-60 court managers, because the 13th finance commission has made an allocation of about Rs 2,000 crore for court management; And about 2500 court managers were to be recruited - so I thought an ordinary MBA [graduate] cannot be a good court manager unless he knows our judicial process. Therefore with that in mind we started this program,” he explained.
“But I have a feeling that not many people would like to do the job of court management where you have to work along with the registry of the high court. That kind of job does not excite an MBA person. This is my experience. Law graduates can get a job as a law graduate if they are good. Therefore law graduates also will not be very keen to switch over and [become court managers].”
He added: “Because, you see, the job of a court [manager] is that you are doing desk work for the court on the listing of the [cases and] on the case flow management […]. So there is some amount of reluctance on the part of the judiciary to accept some other class of people participating in the judicial process. [Judicial officers] do not want to [divide] their work with [MBA] people. And [MBA graduates] are professionals. So they would not like to become subordinate to judicial officers in that sense. So that’s why a marked division of work has not taken place between these judicial officers and the court managers.”
Market realities
Mustafa said that even though around 18 companies had shown interest in participating in the CMS MBA campus recruitment rounds, it was not easy for students with the court management specialisation to get placed in jobs outside court. “If you have done a specialisation in court management then people will not give you the regular MBA job. If you have done judicial process and case flow management and theories of justice you are not useful for them,” he commented.
Mustafa said the law school did not plan to shut down the MBA program or the court management specialisation, despite the lack of interest of prospective students in court management, and despite the MBA course not filling up to full capacity at the time of admissions.
“There has to be a gestation period of four to five years, two to three batches go out, then only you can decide whether you want to close the course or you want to keep it open,” he commented, adding: “When Nalsar started [its law school it] could fill only 34 seats. For [NLSIU Bangalore] also for the first two to three years [batches filled up to half their capacity]; for Jodhpur, and a number of law schools, initially they were not able to fill seats.”
Lucre in gestation
The CMS MBA’s admission fee is around Rs 8 lakh, out of which the tuition fee is Rs 6 lakh.
This earned Nalsar a net annual revenue of approximately Rs 80 lakh, after deducting expenses, according to Mustafa.
The management school currently has 18 faculty member, one of whom is an IIM Kolkata alum. Mustafa said that around 11 faculty members were full-time and had MBA degrees.
Associate professor Pinaki Pattnaik, who heads the CMS, has two MBA degrees from foreign business schools, according to CMS’ faculty profiles.
“Mostly all MBA [faculty members] are exclusively for [teaching] MBA. There are some law teachers who have been kept for MBA because they are teaching in MBA for MBA courses. There are some MBA courses which are not there in law. But they are law related courses,” said Mustafa.
He said that Nalsar runs a number of postgraduate courses through correspondence – such as the masters in aviation and air transport, primarily attended by air force officers.
However, the CMS will be the next biggest source of revenue for the university after its law degree courses, once the CMS batches start enrolling up to 120 students each year, he claimed.
CMS 2015 placement (Ongoing)
S.No | Name of the company | Role Offered | Number of the candidates Selected by the company | Remarks |
1 | Kotak Mahindra Bank | Legal Manager | 1 | didn't accept the offer |
2 | Kotak Mahindra Bank | Deputy Manager - HR | None shortlisted by company in the preliminary stage itself | |
3 | Royal Sundaram | Management Trainee - Legal & TP Claims, Chennai | 0 | |
4 | S&P Capital IQ- Round I | Research Associate | 0 | |
5 | S&P Capital IQ- Round II | Research Associate | 0 | |
6 | S&P Capital IQ- Round III | Research Associate | 1 | |
7 | S&P Capital IQ- Round IV | Research Analyst- Advance Excel | Process yet to start | |
8 | Karvy- Round I | Equity Advisor | 4 | |
9 | Karvy- Round II | Equity Advisor | 3 | |
10 | Axis Bank | Fraud Investigation Executive | Process yet to start | |
11 | Bajaj capital | Management Trainee/ Relationship Executive | Process yet to start | |
12 | Mumbai Placement Drive | Multiple- Letter of Intent - Vodafone, Jaro Education, Kotak Securities and Thomas Cook | 6 | Letters of Intent yet to be converetd to Offers. Letter of Intent from Jaro Education has been converted to offer |
13 | Delhi Placement Drive | Multiple- Letter of Intent - Times Pro and Faircent | 2 | Letters of Intent yet to be converetd to Offers |
14 | HT Media | JD Awaited | ||
15 | Tata Capital | JD Awaited | ||
16 | IMS | JD Awaited | ||
17 | Career Launcher | JD Awaited | ||
18 | Bajaj Financial | JD Awaited | ||
19 | Progressive Media | Assiciate Analyst | 1 | Offer Made and Accepted |
Source: Nalsar
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Student: nalsar mba prospectus!!
This did happen in one of the classes
Student: nalsar, "hyderabad"
This did happen in one of the classes
Than why is Placement Agencies there for...?
If students were capable than there would not be any problem. . . As simple as that.
These swell guys might contain a minuscule percentage of twits, however, all of them are either a)smart and/or b)hardworking. The corporate houses come in to recruit them because (sic) read aforementioned. And generally won't mess up a job too bad, usually.
The word MBA becomes a catchword in the Great Indian Dictionary (Special Sanskar Bound Ed.). Mushroom schools pop up with progressively easier entry processes and only a tiny fraction reduction in the fees. They find a clientele because everyone wants a MBA because that's the Stairway to Heaven.
Let me know tell you that they teach you a whole of bullcrap in a MBA course. They teach you organizational behavior, where you're supposed to realize that if you are a prick to your employees, yes they will quit, unless he's so low in the Maslow's need hierarchy that he actually needs the job. They teach you Retail Management where they teach you that placing a product at eye level on a mall's aisle increases it's sale by 14%.
Well a) I guessed as much and b) I'm pretty sure I'm not going to use that ever.
Most MBA schools are a scam. I do not think the course deserves the money it charges. Business schools work on the heritage system. Like Swiss watches, the bigger names charge more money for the tag. Swiss watches the elite may keep to themselves, education is for everyone!
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NAYE PARINDO KO UDANE ME WAQT TO LAGATA HAI
JISM KI BAT NAHI THI UNKE DIL TAK JANA THA
LAMBI DOORI TAY KARANE ME WAQT TO LAGATA HAI"
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