In a first, IIM-A students get MBA degree
TNN | Updated: Mar 17, 2019, 08:23 IST
AHMEDABAD: The 54th convocation of Indian Institute of Management, Ahmedabad (IIM-A) on Saturday was historic for the institute and students. After over half a century, the students were awarded a degree of Master of Business Administration (MBA) instead of Post-Graduate Programme (PGP) in Management diploma.
Country’s premier management institution awarded its first masters degree after the IIM Act-2017 became a law in December 2017. IIM Bangalore and Calcutta also conferred MBA degrees in their last convocation. Sources said previous students too wanted a similar degree with retrospective effect, but the institute said the move is not possible.
However, the institute is now also planning to hike it fee for the flagship course. IIM-A director Errol D’Souza said the Governing Council had approved fee hike of 4.5%; the MBA course would now cost students Rs 22 lakh instead of Rs 21 lakh. “The decision has been taken keeping in mind the inflation rate,” said the director.
Country’s premier management institution awarded its first masters degree after the IIM Act-2017 became a law in December 2017. IIM Bangalore and Calcutta also conferred MBA degrees in their last convocation. Sources said previous students too wanted a similar degree with retrospective effect, but the institute said the move is not possible.
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