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Estimating the Economic Return and Cost to Different Degree Programs:
A Case Study of Public Sector in Pakistan
-- Malik Fahim Bahsir, Mazhar Iqbal,
Khalid Zaman and Iqtidar Ali Shah
Education is a key factor for the growth of human capital. Human capital is directly related
to economic growth and development of a country. This paper looks at the economic returns and
cost to different fields of study in Pakistan. To assess the return to education, two main degree
programsmaster's and professional bachelor'sare taken into account. Benefits to the
individual have been calculated using the government pay scale. Household income data and individual
expenditure have been used for calculating per capita educational expenditure. This data has been
derived from Pakistan Social and Living Standard Measurement Survey (2004-05). The data is
analyzed using Net Present Value (NPV) and Internal Rate of Return (IRR). The result reveals that the rate
of return calculated for master's's degree is 26.52% which is comparatively more than
professional bachelor's degree as it is calculated as 23.83%. The results presented in this study are important
to government, academic, and policy makers.
© 2010 The Federation of Universities. All Rights Reserved.
Academia-Industry
Interface in Management Education: A Model for Engagement
-- K Sasidharan and Salil S
Higher Education Institutions (HEIs) are increasingly trying to address the demand for better
institutional collaborations. In this context, the question of interface initiatives between higher
education and industry has become highly topical. This paper presents various models of collaboration
between industry HEIs. The interface between HEIs and industry in the Indian context are
analyzed through selected case studies. A comprehensive list of current and possible forms of industry
engagements by higher education institutions is identified and these are grouped into different cells
for institution-industry interfaces. This paper concludes by presenting a matrix for collaboration
in management education, as an indicative proposal. As institutions are continuously looking at
methods to improve themselves, the implication of industry interfaces on educative process and its
link with action learning are suggested for future studies.
© 2010 The Federation of Universities. All Rights Reserved.
Legal Issues and Concerns
of Internship in India
-- Neeta Jain
Internship programs are the most important part of modern education. The basic idea of
internship program is to fill the gap between theory and practice by sending the students to the real
workplace. The benefits of internship are enormous. But internship also has its other side. The other side is
of legal aspects. Any ignorance or unawareness of legal issues and concerns may spoil the career of
a student, image of the university, relationship between the corporate and university. These issues
may cause problems in personal and professional life of different stakeholders of internship. Even
though there have not been any separate legal guideline/law on internship in India, there are many
legal issues at real workplace, supposed to be followed by an intern. The key stakeholders of an
internship program are the intern, the university, and the employer/company. This paper discusses the
legal issues which are likely to be encountered by these stakeholders during internship in the context
of India. It also discusses some protective measures.
© 2010 The Federation of Universities. All Rights Reserved.
CASAE STUDY
National University of Singapore (NUS) Business School: Christopher Earley's Brand
Building Strategies
-- H Ramaseshan Iyer and Sumit Kumar Chaudhuri
In the 21st century, with family businesses restructuring themselves and Multinational
Corporations (MNCs) expanding their operations, the demand for management education in Asia is
burgeoning. Due to visa restrictions and the high fee structure in the US, an increasing number of
prospective Asian MBA applicants are turning to non-US destinations like Europe, Singapore and
Australia. Management institutes in these locations are reorienting themselves to meet the increasing
demand by(1) Sprucing up their infrastructure; (2) Revising their curriculum; (3) Inducting
world-class faculty; and (4) Entering into collaborative agreements with leading international B-schools. To
keep pace with these new trends, the B-school at the National University of Singapore (NUS), which
is already known for its world-class executive MBA program, is trying to upgrade its programs
to global standards.
© 2005 IBS Case Development Centre. All Rights Reserved.
BOOK REVIEW
Rethinking Learning for a Digital Age: How Learners are Shaping Their Own Experiences
Authors: Rhona Sharpe, Helen Beetham,
and Sara de Freitas
Reviewed by Y Malini Reddy
© 2010 The IUP holds the copyright for the review. All Rights Reserved.
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