For a total of 9000 seats offered in these colleges, only 150 students have been applied successfully, some of which are on the verge of closure. According to sources at least 19 such colleges have reportedly applied for closure due to insufficient number of students.
The situation has left the management of many MBA colleges in despair as they struggle to fill the huge shortfall. The state technical department has allowed direct admissions for about a month time, in which students with passing marks can enroll for an MBA degree. However, experts feel that this may not help to fill a fraction of the total seats even if they compromise with the quality of students.
An MBA admission co-ordinator GK Tyagi said "Direct admissions will not bring any radical change. This year many colleges will suffer loss". One of the reason for keeping students away from an MBA degree is the poor job market, forcing many to explore new and conventional courses. The rising number of applicants pursuing M.Tech, CS and Law, besides Diploma and Certificate Courses in Mass Media, Fashion and Event Management has affected the MBA market.
According to a member of College Development Council Dr Karunesh Saxena the lack of information about CMAT is also one of the reasons for less number of applicants. Including the lack of information about the replacement of State-level admission test and RMAT (Rajasthan Management Admission Test) with the Common Management Test introduced this year, is also an reason.
The Rajasthan Technical University which had delayed in conducting examinations and announcing results on time has affected placements and enrollment of students, he added. Poor business sentiments and economic recession has also taken toll on the management courses. Besides all these the sources blame the technical education department's faulty policies which allowed new management colleges to mushroom without considering demand.
However, it is still a doubt if these colleges would get a chance to continue working or if they could be shut right this academic year. All of which is depended on the number of candidates applying for these 19 colleges.