Grading service in education sector gains momentum

Updated on: Saturday, May 12, 2012

With the need for differentiation increasing significantly in the Management Education Institute (MEI) sector, the MEI Grading Service offered by India’s major rating ICRA Limited has gained further momentum. Confirming the trend, ICRA has announced MEI Grading Services for the School of Business Management (SBM), Narsee Monjee Institute of Management Science (NMIMS); Xavier Institute of Management & Entrepreneurship; Hyderabad Business School; and Acharya Institute of Technology, MBA.

An ICRA MEI Grading Service reflects its current opinion on the quality of education imparted at the institutes concerned. Speaking on the developments, Naresh Takkar, managing director, ICRA, said, “ICRA’s MEI Grading Service, by providing a reliable and independent opinion on the quality of education imparted by the MEI grade, seeks to benefit all the stakeholders i.e. the students, recruiters, faculty, and the institute itself.”

The grading is deduced by following an analysis against several quantitative and qualitative parameters that ICRA draws upon the basis of its own research, and in consultation with various experts belonging to fields of professional education and ‘user industries’. The MEI Grading Services are assigned on a five-point scale - from EB1 to EB5 - with EB1; reflecting a very high quality of management education, while EB5, the opposite.

ICRA has assigned an EB1 IN Grading at the all-India level, and an EB1 MH Grading at the state level to the MBA Core (or Core), MBA Banking Management (BM) and MBA Capital Markets (CM) courses offered by SBM and NMIMS, Mumbai.

ICRA has further assigned an ICRA EB 2 IN Grading at the all-India level, and an ICRA EB 2+ KA Grading at the state level to Xavier Institute of Management & Entrepreneurship, Bengaluru; an ICRA EB 3 IN at the all-India level, and an ICRA EB 3+ AP Grading at the State level to Hyderabad Business School, Hyderabad; and an ICRA EB 4 IN Grading at the all-India level to Acharya Institute of Technology, MBA, Bengaluru.

More Education news

• Karnataka department of higher education to further strengthen protection to women students and employees
• Heads of government and private schools directed to keep a close watch on the behaviour of teachers
• Chairman of the National Commission for Minority Educational Institutions submits his report
• Everyone will be given due representation says Goa CM
• Pune Education Department to hold meetings with schools to ensure a smooth RTE implementation
• Health and Medical Education, Forest and Home departments within the ambit of Public Services Guarantee Act
• 'value education' courses in engineering colleges to inculcate better values and character building
• students challenge new NET gidelines
• Proposed multi crore edu city project nearing completion
• 21 engineering colleges affiliated to the Dr Babasaheb Ambedkar Marathwada University to seek accreditation
• MBBS and PG medical seats to be increased by 50% and 100% respectively from academic year 2013-14
• M S University's faculty of fine arts mired in controversy over a painting hurting religious sentiment
• IICA inks MoU with Bangalore-based National Law School of India University for forging academic partnership
• President asks private players to contribute in improving the standards of higher education
• First technical and medical university at picturesque Apatani Plateau in lower Subansiri district
• Prayas scheme to be extended to 4 more districts
• Jamia Millia Islamia Professor gets Japan Society for the Promotion of Science Fellowship
• Japans new government will not waive tution fee to pro-Pyongyang high schools
• Most Israeli high school students found accessing Mobile phone during class hours
• UGC notifies the procedure and criteria for declaration of result for NET to be conducted on 30.12.12