While fees will increase so that the institute can become financially self-reliant in two years, rates will not go up dramatically, NITIE director Manoj Tiwari said on Wednesday at a press conference on the Powai campus. Ringing in good news for the two batches already on campus, Tiwari said, they too will graduate with an IIM certificate.
“We will maintain the same student intake of 550-odd students in the next year. But increase student capacity as we expand our course offerings and build new infrastructure,” said Tiwari. Chairman of the board of governors of NITIE Sashi Kiran Shetty prodded the institute to look at doubling its intake so that more students could avail of affordable quality management education. “We have a 65-acre campus. We must double our capacity. We need more infrastructure and we must come up with ingenious ways of raising funds from industry and our alumni,” said Shetty.
The institute currently offers a PGDIM (post graduate diploma in industrial management), PGDIE (post graduate diploma in industrial engineering), both requiring engineers to take the Graduate Aptitude Test in Engineering (GATE), and the PGDSM (post graduate diploma in sustainability management) which requires aspirants to take the CAT (Common Admission Test). These will be converted to a regular general MBA, an MBA in operations and supply chain and an MBA in sustainability. “We used to get mails from Germany, from France asking us for an equivalence of our degree. We will now be awarding an MBA degree to our students,” he added. NITIE also presently offers a range of industrial short-term courses
For the current batches to get an MBA, the institute’s academic board will decide whether academic credits for current courses match with that of an MBA. Among other plans, the institute is considering a fintech programme along with the National Stock Exchange, and also increase in capacity at two hostels under construction, to launch an executive MBA.
Current course fees for the full-time programmes range from Rs 6.5 lakh to Rs 7.5 lakh. The new fee structure will be decided once the board of governors meet, said Tiwari.
