The second edition of the Everest Bank National B-Schools Rating-Ranking-Awards concluded on August 23 awarding 16 colleges   in different categories. Nearly 100 colleges participated in the contest organised by New Business Age Pvt Ltd, the publisher of New Business Age magazine and Aarthik Abhiyan national daily. The award ceremony was held at Hotel Radisson, Kathmandu.

 

Kathmandu University School of Management (KUSOM) bagged the Best B School of Nepal award for the second consecutive year. This year, it took home also the Best Graduate B-School Award (MBA).

 

After handing over the Best B-School Award and trophy to KUSOM, Minister of Commerce and Supplies Sunil Bahadur Thapa, who was the chief guest at the ceremony expressed optimism that this attempt of New Business Age would bring about positive results in the Nepali management schools’ performance.On the occasion, he said that he and his ministry’s senior officials are commited to impart knowledge to Nepali management students on trade treaties, balance of trade, trade barriers, and current issues of the economy.”

 

D.A.V College of Management, which competed for the awards for the first time, was declared the second Best B-School of Nepal along with securing two other awards— Best Undergraduate B-School under both the BBS and BBA categories. King's College was the second runner up as the Best B-School of Nepal along with the first runner up title in the Best Graduate B-School category.

 

The Best Community Based B-School award went to the Chitwan based Balkumari College, while Dhangadi based National Academy of Science and Technology was recognised as the Best Far Western Region B-School and Novel Academy, Pokhara was ranked as the Best Western Region B-School.

 

Nepal Academy of Tourism and Hotel Management (NATHM)  bagged the Best Hotel Management/Tourism College title for the second time in a row. Likewise, Thames International College was awarded the Best Undergraduate B-School under BIM category along with being ranked sixth Best B-School of Nepal.

 

 

The awards were provided following the evaluation of jury members who rated the participating colleges on the basis of information provided to them by the colleges using eight different parameters: perception study of jury members, performance figures, academic results of last two years, size and infrastructure, affiliations, tools of communication, practical inputs and practices, and co-curricular and extra-curricular activities.

 

“New Business Age has made every possible effort to ensure professionalism and independence of the jury and our research professionals. We respect their findings and decisions that rated and ranked B-schools on the basis of multiple parameters,” said Madan Lamsal, CEO of New Business Age, while addressing the award ceremony.

 

He highlighted Nepal’s need of competent managers in finance, human resource, and development field. “It is the business schools that are instrumental in catering this crucial need by producing human resources in the form of managers and future leaders,” he said. “This event is therefore to celebrate the invaluable contributions made by business schools in the nation building process. As a responsible media house of Nepal, we take it as a part of our responsibility to organise this event.”

 

A K Ahluwalia, CEO of Everest Bank Limited (EBL), title sponsor of the event for the second consecutive year, praised New Business Age for its persistent and successful endeavour to bring healthy competition among B-Schools. He said that EBL is a responsible bank and has remained a partner in supporting higher education of students along with the economic growth of the country. 

 

Hari Bhakta Sharma, senior vice-president of Confederation of Nepalese Industries (CNI) said that this country lacks right type of leadership in politics, business and bureaucracy and planning.   “We need good people not only in business but in politics, security forces, bureaucracy, in planning and at the executive level,” Sharma said. “You, the owners and teachers, who actually teach students the science of management, have a far bigger role in transforming our society and country into a place where our younger generation would love to stay back and not fly in search of green pastures across the world, especially in the west.”

 

He also urged the educationists not to produce graduates who dream of going to US, Europe or any other developed countries for earning money but to produce someone who feels proud of being a Nepali and would love to work in and for Nepal as a true patriot. 

 

The event was supported by Edusanjalas the education media partner, by Himalayan Television and Hits FM the television and radio partner respectively and by Hotel Radisson as the hospitality partner.