MBA aspirants have to go through 3 step selection process. They have to clear entrance exam which is followed by a group discussion and then interview with a panel of faculty. The aspiring candidates need to prepare themselves well for group discussion because it is a vital part of the selection process. These days, the evaluators give very meaningful topics generally relevant in the present scenario for group discussions. One such topic that can be given and is quite appropriate in the existing picture is the privatization in education. So, here we present you with the two sides of the effects of privatization in education.
Benefits of privatization in education:
1. A Boon: Some people regard privatization in education as a boon for students who are looking for quality education rather than just being a literate citizen.
2. Increased competition: A segment of the population is of the view that as the education level rises; the government fails to provide optimum quality of education, good faculties, greater opportunities, etc. to the student.
3. Competition in education: Thus, the growth of a student gets retarded to a certain extent. But with privatization, the competition to offer good education will rise which will ultimately benefit the students as they will now get to draw benefits of these very factors to a great extent.
4. Better avenues: Privatization in education will open up more avenues for the students to explore rather that following only what is being served to them. It will make them much more competent in creating an accomplished and successful life.
Drawbacks of privatization in education: Some people regard privatization in education as another loophole in our educational system.
1. Unapproachable: The foremost disadvantage of privatization in education is that to some extent it takes away the opportunities from the less privileged people.
2. Creates status divide: It will take away the right to education that every individual has irrespective of their socio-economic status. Privatization has made education too costly and not everyone can afford it.
3. Education treated like a business: Many believe that privatization in education will turn this field into a mere business where people handling the institutes will be more interested in making more profit than offering anything substantial to the students.
4. Quality degradation: Thus, instead of so called rise in education’s standards and quality, it will degrade. Privatization in education may gradual lead to chaos in political and social arena. The difference will grow and this will only further increase the problems. Privatization in education may also lead to creation of monopoly.
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