How Insights Powered Course Bidding Process Smoothened Elective Course Selection in Top 100 Business Schools?
Enrollments for elective courses in Universities, Business, and Law Schools are done using various approaches. Elective Course Bidding is one such most common and student-friendly process.
Course Bidding Process Implementation Context
In Business School, Universities of India and Globally, two of the most popular programs offered by first-generation and second-generation business schools include the two-year Post Graduate Programme in Management (PGP/MBA) with enrollments ranging from 200 to 1000 students per batch. The second type encompasses Executive MBA programs and other specialized master's programs designed for working professionals and students seeking to acquire advanced professional skills.
Course Bidding Process
Students are provided with bidding currency or points to participate in the course bidding process. The schedule and duration of the bidding rounds are communicated to the students, who then log into the Registro Course Bidding software portal to bid for their preferred elective courses.
Image: Demand for Electives among the enrolled Students in a programme
Solving Major Pain Points in Elective Course Allocation
Traditionally, the elective course allocation process was inefficient due to the manual nature of registration. The manual process took several weeks to complete as bid results needed to be validated, sorted, and numerous student queries regarding the transparency of the allocation process had to be addressed. This resulted in a poor student experience during elective course selection.
Registro Course Bidding Software
Using the Registro Course Bidding software, the time required for the bidding process has been drastically reduced from several weeks to just a single day, or roughly two hours. The bidding duration can be adjusted as necessary. For instance, a closed bidding process can span a couple of days.
In an open course bidding scenario with reduced time frames, the bidding outcomes are immediately known to both students and administration. This immediate feedback allows the administration to plan for class delivery promptly.
Cross-Programme Elective Course Bidding
At IIM Bangalore, and to a certain extent at IIM Ahmedabad, cross-programme elective course bidding has been implemented. This approach helps achieve the goal of 100% seating capacity utilization in elective courses across graduate programs. Cross-programme bidding optimizes faculty resource allocation, allowing students from different disciplines to enroll in low-demand courses, thereby making more efficient use of faculty resources and course offerings.
On average, about 15% of electives are undersubscribed in business school programs with cohorts of over 400 students. In some cases, undersubscribed courses are dropped from the offerings, requiring affected students to select other electives to meet their credit requirements.
Benefits of Pre-Bidding Demand Surveys
To prevent the cancellation of elective courses due to low enrollment, it's beneficial to conduct primary surveys to gauge pre-bidding demand for elective courses. Demand insights from these surveys enable better planning of course offerings, helping program offices identify both low and high-demand courses. This optimization allows for more effective planning of course capacities and offerings across various semesters.
For more information on designing the elective bidding process and leveraging process analytics at your institution, please contact us at Registro@edtex.in.
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