The private engineering colleges and b-schools are going through another bad phase. The overcapacity, because of which many colleges are reeling under significant financial stress, is intriguing when seen against the backdrop of a modest Gross Enrollment Ratio. The reasons are quite straight forward, students enroll into professional education for jobs. Starting from the mid-1990s, riding on an economy growing at a fast clip with the promise of dollar jobs students thronged the higher education professional courses. When the global economies plateaued and the Indian growth rate isn’t much better, job creation is poor and so also is the demand to join professional courses. The professional education institutes, must know that the role they need to play is to create industry worthy professionals. That needs to be the focus. For the past 20 years, institutes have focussed on two areas – infrastructure and admission network. This strategy worked, when large organize...