The demand for self-financed courses in the city has been growing over the last few years, as indicated by the enrollment figures. A total of 1,97,770 students were enrolled in these courses in the academic year 2012-2013, while the figure increased to 2,03,629 in 2014-15.
Bachelor of Management Studies (BMS), Bachelor of Mass Media (BMM), BCom (Accounts and Finance, Banking and Insurance, and Financial Markets) and BSc (Computer Science and Information Technology) are the most popular self-financed courses. The most positive and luring aspect of these courses is that they are more practical-oriented.
Self-financing courses are the ones for which the government or the University Grants Commission does not provide financial aid and the students are expected to bear the entire cost. Almost all colleges in Mumbai now offer these courses. Since colleges do not get government grants for these courses, the fees for these courses are higher than that for other traditional courses.
“It is the practical aspect to the theory, which makes these courses special. It is necessary that today’s young demographics is trained to become job seekers and creators,” said Indu Shahani, principal of HR College. She added that the industry’s demand for such students was popularising the courses.
All these self-financed courses have only 60 students in one class. “The students opting for these courses are very focused for employability, especially the ones who opt for the self-financed course for their Master’s degree. The students opting for these courses in their post-graduate degree seem to be more focused than the ones opting for them at the undergraduate level,” said Agnelo Menezes, principal of St Xavier’s College.
Speaking to The Indian Express, Shreya, a student of K C College studying B Com (Accounts and Finance), said these courses provided them with more of practical knowledge, as was the industry demand.
“The practical aspect makes it more interesting than the monotonous theory classes. Also, the demands of the world is changing and it is necessary to keep pace and the practical knowledge that these courses provide aid in doing so,” claimed Ujala Jham, a student of Narsee Monjee College.
BMM and BMS are the most popular ones among these with around 4,132 and 12,295 students being enrolled, respectively. BCom courses also seem to be catching up with 82,108 students being enrolled. Manju Nichani, principal of KC College, said the future of these courses would depend on how the students put these degrees to use.