Less than a month after its director and then Governing Council chairman fretted over finances and announced a 7% fee hike,the Indian Institute of Management,Ahmedabad has said it will charge its short and medium-term course candidates Rs 10,000 each to be officially titled an alumnus.
The revised alumni status policy will include candidates of medium duration programmes (three weeks or more) such as the MDP,MEP,FDP,AFP,3-TP. Those who have in the past done multiple short-duration courses totaling three weeks would also have to pay the alumni fee,as would all such future candidates.
Those who have done cumulatively less than three weeks of programmes would still continue to be MDP alumni but the identity cards would be issued only after they go through programmes totaling three weeks and more,cumulatively,on payment of one-time alumni fee of Rs 10,000, the institute said in a statement,adding Participants of customised MDPs will not be eligible for any ALUMNI status,as is the current practice.
MDP programmes bring in an estimated two-thirds of the b-schools revenues,and many new courses are being introduced almost every academic session. In the 2010-11 session,for example,14 new courses were introduced,with one 10-day course costing a whooping Rs 4.99 lakh.
We got feelers from some of our regular course alumni who felt that students of MDP had too short an association with the institute for them to be termed as alumni, said professor Atanu Ghosh,Dean (Alumni & External Relationships) at IIMA.
Going by this,we looked at some global business schools and saw that many followed the same practice. Yet we are giving the benefit to our past MDP alumni who have completed less than three weeks of a course to still get their alumni cards and they will be on our radar with respect to correspondence from our side but this practice will not be continued in the future, he added.
At last months convocation ceremony,then Governing Council chairman Vijayapat Singhania had said,With the entry of foreign institutions in to India,the Institute would need funds on a much larger scale to be able to compete effectively with much better endowed institutions.
Director Samir Barua had also said the institutes expected expenses for 2012-13 amounts to Rs 140 crore in spite of a corpus of Rs 54 crore.