City set to get first university for management studies

The city is all set to get the first university in management studies. The proposal and the action plan has already been prepared and the Canara Bank School of Management (CBSM) will be writing to the University Grants Commission (UGC), All India Council for Technical Education (AICTE) and other regulatory bodies shortly.

As per the action plan, the separate university on management studies should be commencing its academic year from 2020-21.

Confirming the development to DH, Janardhanam, director of CBSM said, “The proposal for Karnataka International Management University is ready and we are waiting for the approval of the state government, which is expected to happen shortly. Later that will go to central regulatory bodies.

“In the meantime, we need to set up a separate campus to meet the UGC guidelines, appoint vice-chancellor, registrar and other university faculties, develop curriculum and university regulatory framework. So this process will take one more year, and we will be ready to work as a full-fledged university by July 2020.”

There is a huge increase in demand for the management seats after engineering course saw a drastic dip in its demand. The fee structure is also high, making management course a distant dream for the poor people.

“The main aim for setting up the university is to help the poor people gain access to management studies. In recent years, many private institutions have compromised on the standard of management syllabus and the top level institutions have a high fee structure.

“So, to bridge the gap between this, the separate university for management studies will be a boon for them. We will also be focusing on the placement part,” Janardhanam added.

Higher Education Minister GT Deve Gowda said, “For setting up a separate university on management studies Bengaluru is the right place. There are good job opportunities and this will serve talented students from poor background.”