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7th Pay Commission woes: B-Schools weigh funding options to bear additional costs

IIM Calcutta is open to varied ways of raising funds, including increasing the number of executive training programmes and alumni endowments

Nirmalya Behera & Vinay Umarji  |  Bhubaneswar/ Ahmedabad 

With the implementation of the 7th Pay Commission recommendations set to bring in additional cost on salaries and pensions, top B-schools are weighing options to bear the same.

From hiking fees to increasing executive education programmes, B-schools including the Indian Institutes of Management (IIMs) are looking at ways to raise funds to match the salaries of faculties and staff in line with the pay panel recommendations. However, IIMs feel the real impact of the 7th Pay Commission implementation cannot be gauged immediately. "Faculty salaries are not determined unless the UGC Pay ...

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First Published: Thu, August 04 2016. 17:02 IST
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