The nine-decade-old Andhra University is all set to launch a separate management college, which is tipped to be on par with any of the top B-Schools in the country. It has already got an MBA department under the College of Commerce and Management and this new programme would be a separate entity with its own board, faculty and funding.
“AU is the first university in the country to start a management programme and continuing the legacy, we will launch a new MBA programme from this academic year. It will not be a part of the existing department,” Vice-Chancellor G. Nageswara Rao told, adding that the course structure, content, design and methodology would be on par with the IIMs and other top B-Schools.
The new programme, he said, will be launched at the new Commerce and Management Annex Building. Subsequently, it will have its own campus or will be moved to the IIM-Visakhapatnam building, once the latter moves to its own campus that is coming up at Gambheeram. According to the V-C, the annex building is being refurbished before the course is launched.
The course will be started with a fund of Rs.20 crore from the Rashtriya Uchchatar Shiksha Abhiyan (RUSA). In the Phase-I, AU was sanctioned about Rs.20 crore under the RUSA of which Rs.5 crore has been released and the rest is expected shortly.
AU has been selected among 10 universities in the country for a funding of Rs.100 crore. “In the second phase, about Rs.20 crore from this funding will be diverted for setting up of the MBA course,” said Prof. Nageswara Rao.
The intake for the new course will be 60 per year for now and the admissions will be done on the basis of Common Admission Test (CAT).
According to the V-C, Rs.20 crore will be spent for refurbishing the building and other infrastructure, and for recruiting the faculty. The B-School will have its own faculty members who will be recruited afresh and will have no connection with the university.
“We will look for experienced and reputed teachers, including those from abroad. We intend to make the school self-sustainable for which we will be demanding fees on par with other top B-Schools in India,” said Prof. Nageswara Rao. “It’s high time we had started such an institute and we want to leverage on our 90-year-old brand reputation,” he added.
Source: THE HINDU