IS NIRF RANKING IMPORTANT IN MBA SCHOOLS?
The National Institutional Ranking Framework (NIRF) was approved by the MHRD and launched by Honorable Minister of Human Resource Development on 29th September 2015.This framework outlines a methodology to rank institutions across the country. The methodology draws from the overall recommendations broad understanding arrived at by a Core Committee set up by MHRD, to identify the broad parameters for ranking various universities and institutions.
Few benefits of this NIRF ranking :
*Sets Standards for Education Programmes
NIRF has laid down clear and accurate guidelines for education courses offered and HEIs have to meet the set standards. The ranking system scans every aspect of providing quality education, be it academic or non-academic, and the matrices for ranking are quantity-based. Thus, establishing clear and precise norms for all the key areas. Once a ranking cycle is complete, a detailed report that includes all the information is prepared by the college and published on the website for the public to review. Thus, making the process transparent and fair.
*Helps Students Make Informed Decisions
India has itself with over 40000 higher education institutions. And each of them claims to be better than the others. This certainly puts students in a dilemma when they have to choose the right college for higher studies. They consider a lot of factors and aspects before applying for admission. This is where NIRF comes to the rescue with its comprehensive evaluation system that includes different parameters required to make an insightful decision. To select the top college for admission, students can check all the points and the NIRF ranking to analyze institutions’ excellence.
*Improves Global Ranking of Institutions
Although India has thousands of colleges and HEIs, most of them fail to attain a position in the global ranking. However, the NIRF ranking system motivates institutions to improve their quality of services and education according to the set standards. This further enhances their performance at the international level and offers better career opportunities to students.
*Provides Accurate Feedback
Colleges need regular feedback from an authorized committee to point out their weaknesses else they often get ignorant of their performances. NIRF ranking ensures constant feedback to HEIs to help them understand the areas they need to work on. Institutions can take necessary corrective measures to improve those weak points and achieve excellence.
NIRF ranking offers multiple advantages for institutions as they push themselves to be in the upper level of the education world. This also means that the public view the top-ranked colleges and HEIs in high regard and more students apply for admissions to those institutes.