How to Conduct an Elective Course Bidding Process across Multiple Graduate Programmes?
How to Conduct an Elective Course Bidding Process across Multiple Graduate Programmes?
Handling Elective Course Registrations
Top 100 ranking business schools worldwide offer 50+ elective courses every term/semester, allowing students to specialize in domains like Marketing, Brand Management, Business Communication and Negotiation, Technology Entrepreneurship, Information Systems, Finance & Investing, Operations, Strategy, Analytics, and more.
The Challenge of Limited Seats
Electives typically have limited seat availability and are sometimes offered by popular faculty or industry leaders, making them highly sought after. In these scenarios, a section of a single elective can accommodate only 5% – 10% of participants from a yearly program batch in an MBA or a law school program. Students must make informed choices to balance their course options based on historical demand and their career goals.
Elective Course Registration Approaches
Business and law schools use various approaches for elective course registration. One such approach is the auction-based elective course selection, where students use bidding points.
Stakeholders Involved
- Programme Office Administration: Responsible for managing the process.
- Students: Participate in the bidding process to secure their preferred courses.
Popular Programmes
Two of the most popular programs offered by premier business schools in India are:
- Two-year Post Graduate Programme in Management (PGP/MBA): Enrolls up to 700 students per batch.
- Executive MBA and Specialized Master’s Programs: Cater to working professionals and students seeking advanced management skills.
Bidding Process
Students receive bid currency/points to participate in the course bidding process. The timings and durations of the bidding rounds are communicated, and students log into the course bidding software portal to bid for their preferred elective courses.
Solving Traditional Pain Points
Traditionally, the manual elective course bidding process was inefficient, taking several weeks to complete due to the need to validate bid results and address numerous student queries about transparency. This resulted in a poor student experience.
Using the EDTEX Registro Course Bidding software with the innovative open auction method, the bidding time has been reduced from several weeks to a single day (approximately two hours). The process duration can be adjusted as needed, and the immediate outcomes of the open bidding process allow the administration to plan for class delivery promptly.
Unique Processes at IIM (Indian Institution of Management)
At IIM Bangalore, cross-programme elective course bidding has been implemented to optimize seat utilization and faculty resource allocation. This process allows students from different graduate programs to enroll in low-demand courses, making the overall use of faculty resources more efficient.
Identifying Course Demand and Creating Efficient Schedules
On average, 15% of electives are undersubscribed in business schools with cohorts of 400+ MBA students. Undersubscribed courses may be dropped from the offerings. To prevent this, primary survey data on elective course demand helps plan course offerings better, identify low and high-demand courses, and optimize course capacity.
Combining demand survey data with faculty availability in various time slots can create efficient timetables, allowing students to register for their preferred electives seamlessly.
Enabling Multiple Programme Course Bidding
To facilitate cross-programme bidding, the course selection process is divided into multiple stages:
Scenario 1: Implemented at IIM Bangalore
- First Bidding Round: The Registro platform allocates elective courses within the seat quotas assigned to each graduate program. This ensures equitable seat availability, preventing students with larger bid point pools from outbidding others.
Second Bidding Round: The quota factor is eliminated, allowing all participants to bid for the remaining seats, ensuring maximum utilization.
Administration Experience and Benefits
- Course Demand Data: Helps plan courses that need multiple sections and drop low-demand courses.
- Quality Improvement: Enhances elective course offerings based on student preferences.
- Efficiency: Final elective course registration reports are generated within minutes post-bidding.
To learn more about designing the elective bidding process at your institution, contact us at Registro@edtex.in.
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