Self Assessment Report- MBA (3- Semester) Section 1: Programme Mission, Objectives and Outcomes 1.1. About IMSciences: The Institute of Management Sciences (IMSciences), Peshawar was established in May 1995 with a view of imparting quality education and training in the field of business administration, management studies, information technology and allied disciplines. Since its inception IMSciences has successfully been pursuing its mission and by now it enjoys an outstanding position among the business schools of the country. Initially, IMSciences offered only two programmes with a total strength of 180 students. However, during the last eight years, the Institute has introduced a number of new courses and programmes. The Institute’s student population has grown to 2843. In view of the achievements of IMSciences, the Government of Khyber Pakhtunkhwa decided in 1999 to develop it into a model institution of the country. It was given an autonomous status vide Ordinance No. XXXVII of 2002 and was placed under the Board of Governors (BOG) headed by the Governor Khyber Pakhtunkhwa. The BOG comprises of fifteen members and is the supreme policy formulation and executive body of the Institute. The Board comprises of high ranking professionals and leading experts on business and management both from the civil and private sectors. Apart from its academic programmes, the Institute has embarked upon a number of executive development programmes to enhance human capital at all levels. 1.2. IMSciences Mission Statement: Our mission is to provide quality management education and new knowledge based research that will enable IMSciences to become a school with foundations in excellence at all levels. Our faculty aims at advancing management theory and practice and broadly analyzing knowledge Page | 1 through learning, classroom applications and service in the public and private sectors. Education at IMSciences enables individuals to manage existing businesses, critically evaluate theory, and inculcate values of energetic entrepreneurship in support of public policy that encourages economic development balanced with social and environmental responsibility. Through its focus on teaching and learning, research and outreach, the Institute creates, conveys and applies knowledge to expand personal growth and opportunity, and to advance social and community development in order to foster economic competitiveness and improve the quality of life. 1.3 The MBA (Three Semesters) Programme: The Master in business administration programme three semesters has been designed keeping in view HEC’s guidelines for those students who complete sixteen years rigorous business education at IMSciences with at least 130 credit hours with a minimum CGPA of 2.5. 1.4. Programme Objective The degree is designed to enable the students to bridge their education with corporate world preferably and/or to pursue academic career. 1.5. Programme Educational Objectives: This is a full time three semesters programme aimed at providing a progressive ladder to candidates with sixteen years of business education. It enables the candidates to academic pursuance of a higher degree and/or in attaining high level managerial positions in the market. The programme aims to provide business graduates with an exclusive opportunity to learn advanced techniques and methods to help transform contemporary business on modern ethos. Objective 1: Concept building with real-time examples. Course of action for objective 1: The MBA (three semesters) programme has included the following courses in curriculum for achieving objective 1. Page | 2 i. Advance Project Management ii. Advance Readings in Management iii. Seminar on Emerging Market Issues iv. Understanding International Macro Economy v. Seminar in Marketing vi. Managerial Accounting Outcome: Strengthens of concepts of functional business areas, Critically analyze and evaluate business situations and recommend feasible options to solve business problems Objective 2: To amalgamate theory with practice with support of dissertation/project of 3 credit hours. Page | 3 SECTION 2: CURRICULUM DESIGN AND ORGANIZATION 2.1 DEGREE TITLE: Master of Business Administration three Semester Programme 2.2: Definition of Credit Unit Eighteen months, consisting of total 36 credit hours. 2.3: Degree Plan Students are required to complete course work of 33 credit hours, beside working on a project or writing a thesis/project report of 3 credit hours. Basic requirement for admission is 4 years Bachelor Degree with at least 130 credit hours of course work with a minimum CGPA of 2.5. All students applying for this programme are required to take an admission test, except those who have earned their last degree from IMSciences. 2.4 ASSESMENT OF THE MBA Three Semester CURRICULUM Standard 2-1 Courses Versus Objectives The curriculum supports the programme objectives and consistent with the market requirements. Standard 2-3: Major Requirements as Specified by HEC The programme is inline with HEC’s policies and outcome of degree makes a student eligible for PhD studies. Page | 4 GROUP OF COURSES PROGRAMME OUTCOMES A. FINANCE The courses are structured to address core concepts that require for strengthening of knowledge in areas of financials and accounting. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. International Financial Management Financial Accounting Advanced Accounting Advance Cost Accounting Management Accounting Auditing Income Tax Law and Practice Investment Analysis Financial Market & Institutions Islamic Banking & Finance Introduction to Business Finance B. MARKETING 1. Marketing Research 2. Consumer Behavior 3. International Marketing 4. Sales Management 5. Export Marketing 6. Advertising and Promotional Strategies 7. International Marketing 8. Marketing of Services 9. Industrial Marketing 10. Social Marketing 11. Agricultural Marketing 12. Brand Management The courses are designed to manage a shift from resource based economy to knowledge based. Along-with knowledge creation, the programme also focus knowledge sharing. Therefore, faculty and students are encouraged to arrange seminars, lectures by inviting renowned practitioners and subject experts from public and private sector. The diverse range of courses provides opportunities to learner regarding theories of marketing. After obtaining the subject knowledge the students would be able to know the theory and techniques of its implementation while considering the difference between sales and marketing. The students would also inform about the importance of promotional campaigns for life of organization and techniques about the development of effective campaigns in industry, agriculture and other sectors. Page | 5 The courses are designed to enable students C. HUMAN RESOURCE DEVELOPMENT 1. 2. 3. 4. 5. 6. 7. 8. 9. Personnel Management Industrial Relations Industrial & Labor Laws Wages & Salary Administration Training & Organizational Development Conflict Management Collective Bargaining Group Dynamics Leadership to know about HR functions and its importance in any organization. They would observe how to manage the human as a resource by addressing the job analysis, creation of job descriptions, remuneration and wages administration. The students would be able to assess training needs for any organization and they would also be familiar with the laws that govern the labour unions in industries. Page | 6 SECTION 3: FACILITIES LABORATORIES AND COMPUTING 3.1: Introduction In order to facilitate the students of the programme, the institute has six computer labs with a total of 222 latest computers. Five of the labs (each with 35 computers) are used for various lectures and classes; whereas, one computer lab is for general usage (with 49 computers). 15 computers have also been placed in library for HEC digital library use and for research work. Different softwares are installed in computers, i.e. SPSS, STATA, Gretel and Eviews, which are taught in the program. Standard 3-1: Lab Manuals/Documentation/instructing. Instructions about the usage of computers are distributed among students and the faculty members. Standard 3-2: Adequate personal support for labs Each lab is allocated a lab attendant, which is supervised by Lab Technician and Network Administrator. Standard 3-3: Adequate Computing Infrastructure and Facilities. Students and faculty members of the programme can easily access the IT facility provided by the institute. Multimedia is available in each class room and computer lab. Apart from the lab access, computers along with the internet are being provided to faculty members for their offices. HEC has provided Video conferencing facility to IMSciences in 2009 since than a number of on-line lectures; seminars have been organized for the students and faculty. Official email is also provided for faculty and staff members for smooth running of daily routine correspondence. Page | 7 3.2 SAFETY PROCEDURES FOR ALL MBA-3 SEMESTER’S LABS. The MBA-3 Semester program labs are used only for computing purpose, so the chance of any incident is very rare. However in case of emergency, such as fire or electric shock, the labs are equipped with fire extinguisher. The Medical Centre of the Institute is a two bed, well equipped medical facility which is available in case of any emergency. Page | 8 SECTION 4: STUDENT SUPPORT AND GUIDANCE 4.1: Introduction MBA-3 Semester Programme is a full time three semesters programme aimed at providing a progressive ladder to candidates with sixteen years of business education. It enables the candidates to academic pursuance of a higher degree and/or in attaining high level managerial positions in the market. The programme aims to provide business graduates with an exclusive opportunity to learn advanced techniques and methods to help transform contemporary businesses to modern ethos. 4.2: Courses Standard 4-1: Sufficient Frequency of Course Offering MBA-3 Semester Programme gives all the elective and major courses from 1st semester so the students can easily choose their specialized area. 4.2.1 Core MBA-3 Semester core courses are offered every term per year. These core courses are offered almost every semester spread over whole duration of this degree. 4.2.2 Elective Courses Elective courses are offered every semester, commencing from 1st semester, in three areas of specialization i.e. Human Resource Management (HRM), Marketing and Finance. In 3rd semester students conduct a research thesis in their specialized area. Page | 9 4.3: STRUCTURE OF COURSES Stand 4-2: Effective Faculty/Student Interaction Courses are designed keeping in mind the effective and application aspects. The Student/teacher interaction is the main theme of these courses. The following principles are observed to ensure the creative and productive output. Each class is made of 45 students at most. 75% attendance during the semester in each subject is mandatory. At least 2 CGPA must be maintained by the students to retain their position in the program Students have to submit assignments and presentations in time. Typically a MBA-3 Semester Programme course include three monthly exams and one comprehensive exam Faculty distributes outlines in the beginning of the semester and devotes their office hours for students counselling. 4.4: Guidance to Students Standard 4-3: Professional Advising and Counselling The selection of best career and area of specialization according to the intellectual and learning abilities is one of the important decisions for the students. The committed faculty makes sure Page | 10 their availability and provides the best advice and counselling in this regard. Students are provided up-to-date knowledge about the market demands. 4.4.1 Students counselling system The career development centre has specially been developed for students counselling so that they make the best possible decision about their career. Apart from career counselling, the program coordinator resolves conflicts among students or with the faculty. In severe cases the parents are also informed and requested for a visit to the institute. 4.4.2 Opportunities for the Students The MBA-3 Semester program is committed to excellence and ensures to get the best out of the students. The students actively participate in various activities. They organize and participate in annual parties, sports gala, winter and spring festivals. The program sponsors them to visit other national universities in order to compete in academic and non-academic competitions. Page | 11 Criterion 5 : Process Control Standard 5-1: The process by which students are admitted to the program must be based on quantitative and qualitative criteria and clearly documented. This process must be periodically evaluated to ensure that it is meeting its objectives. Admission criteria of the program: The process of admitting the student to the program is clearly documented by admission committee and is carried out by a quantitative and qualitative basis. Evaluation of this process is performed every semester to ensure that its objectives are met. The process consists of well-defined procedures and steps executed at the institute level. Based upon the recommendation of the director, coordinator and admission committee, the number of new students to be admitted in the following academic year is determined. (i.e. 135 students per year) 1. Students with 4 years Bachelor degree in Business Studies with at least 130 credit hours with minimum CGPA of 2.5 are eligible to apply. 2. All students applying for this progamme are required to take an admission test, except those who have earned their last degree from IMSciences. 3. A candidate scoring less than 40% marks in the test shall stand disqualified for the admission. 4. Have a good record of conduct. 5. Have approval from employers in case he/she is employed. Transfer from outside the University/ from another program inside the Institute: The admission to any degree programme of IMSciences through migration from any other institute/university is not allowed under any circumstances. Standard 5-2: The process by which students are registered in the program and monitoring of students’ progress to ensure timely completion of the program must be documented. This process must be periodically evaluated to ensure that it is meeting its objectives. After the final selection of the students in the admission process, students are asked to register in the subjects listed and identified by the semester committee (consisted by coordinator and faculty members). Page | 12 Students’ academic progress is monitored by continuous assessment: a. Attendance: Every student of the Institute is required to maintain at least 80% of the attendance in each course. A student who fails to meet the minimum requirements of attendance in any course will not be allowed to sit for final examination for that course(s). b. Evaluation and Grading: The performance of students is evaluated through a continuous testing procedure spread over the entire period of studies/semester. Besides the semester's final examination, which carries forty percent of the total marks, there will be a number of tests, term papers, assignments, presentations and short quizzes. Hourly examinations will be administered every month and thus students are required to appear in three such examinations for each course in a semester (the two best scores will be counted towards the final grade). A number of surprise quizzes will be given during classes to monitor the day to day progress of the students. Moreover, the performance of students in class discussions, written assignments, research reports etc., will be evaluated to form a part of their overall grades. If the requirements are not met within this time limit, the student's grade in that course will be converted into a 'fail'. No “Make Up' examination will be allowed in any course under any circumstances. A Grade Point Average (GPA) will be computed at the end of the course for all students. Final letter grades in each course will be converted to grade points. Standard 5-3: The process of recruiting and retaining highly qualified faculty members must be in place and clearly documented. Also processes and procedures for faculty evaluation, promotion must be consistent with institution mission statement. These processes must be periodically evaluated to ensure that it is meeting with its objectives. A coordinator/faculty meeting at the start of the semester is held to ensure that highly qualified faculty is recruited to the program. Faculty appointments are generally made from candidate’s outstanding technical competence and on the basis of demonstrated achievement in teaching, research and industrial experience. Procedure for recruiting new professorial rank faculty and lecturers Resumes are forwarded to the Director, IMSciences, which are forwarded to the relevant course coordinators. Course Coordinators review the resumes and if they feel the qualifications and Page | 13 experience are relevant with the objectives of the Institute, they forward it to the Coordinator Establishment for demo. So, demos are called on the recommendations of Course Coordinators. The existing roadmap for appointment of faculty members is given below: 1. Appointment on Visiting Basis 2. Appointment on Contract Basis on Fixed Pay Package 3. Appointment on Contract Basis on IMSciences Pay Scale 4. Confirmation of Services in IMSciences Pay Scale 5. Miscellaneous Details are given below: 1st Step: Visiting Faculty Appointment Recommendations of the panel are ascertained as: Recommended Candidates: minimum Marks ≥ 70 Call for Next Demo: minimum Marks ≥ 60 Not Recommended Candidates: Marks < 60 Recommended Candidates: Subject to the availability of courses relating to specialization of the applicant and on recommendations of Demo Panel Members courses are assigned on visiting basis to the new appointee initially for a semester. Based upon satisfactory performance of first semester, courses for second semester are offered. Two consecutive semesters satisfactory evaluations spreading over a year makes a visiting faculty eligible for contract appointment on a fixed package. Call for Next Demo: The candidates under this category have potential to teach, however, in order to improve their teaching skills the Advisory Committee in its meeting held on June 8, 2010 has recommended minimum of six months duration. After six months the Institute may give a chance to these candidates to give a 2nd demonstration. Not Recommended: These candidates cannot be assigned classes. However, the Advisory Committee in its meeting held on June 8, 2010 has recommended that candidates on their request may be called for demo second time after a period of six months. 2nd Step: Contract Appointment on Fixed Pay Package: The Course Coordinator determines performance of the visiting faculty. The parameters of performance are: Page | 14 Students’ evaluation which includes course level and teaching ability of faculty The visiting faculty code of conduct during stay at the Institute On the basis of performance and evaluations during a year the Coordinator forwards case of visiting faculty for contract appointment on fixed pay package which is offered in the respective scale. 3rd Step: Contract Appointment on IMSciences Pay Scale: On the basis of satisfactory performance and evaluations during another year makes, a fixed pay contract faculty eligible for contract appointment in IMSciences Pay Scale on the minimum payscale of the position, which allows them CPF contribution, health facility and other benefits under the rules of the Institute. 4th Step: Confirmation of Service in IMSciences Pay Scale: The confirmation of services in IMSciences Pay Scale is subject to availability of budgeted positions and qualifying the Selection Board. Miscellaneous On the recommendations of Director and keeping in view the qualification and experience the applicant may be called for interview with the panel. Successful applicant may be assigned contract or visiting classes. Faculty Evaluation Each faculty member is evaluated every semester on his performance in teaching, research and other Institute services. Theses evaluations are based on Teaching performance (checked through students input) Self-evaluation (through self-evaluation forms filled by faculty members themselves) Coordinator evaluations. To retain qualified faculty, the university offers the following support and financial incentives: The university has adopted Model Tenure Track Scheme offered by HEC. Faculty members with high research profile are even awarded a maximum of 4 advance increments but the criteria for these increments is not well defined. Competitive salaries based on qualification and experience Two months annual vacations Increment in salaries based on the ratings of the faculty performance each year. Page | 15 Facility in offering and organizing short courses. Funds are granted for establishment of labs and research. If a faculty member gets the acceptance of his research paper in an impact factor journal, the processing fee is paid by the university. On publishing a paper in an impact factor journal, the 1st and 2nd authors are given Rs. 15,000 and Rs. 5,000 respectively. Standard 5-4: The process and procedures used to ensure that teaching and delivery of course material to the students emphasizes active learning and that course learning outcomes are met. The process must be periodically evaluated to ensure that it is meeting its objectives. In order to achieve excellence in teaching and learning, evaluation and process control of these two factors are conducted regularly. Moreover the department puts a strong emphasis on utilizing current modern technologies such as multimedia, audio visual facilities, computer animations and models by instructors in order to enhance the quality of course material. Continuous assessment (including quizzes, tests, assignment and presentation etc.) and exams arranged in every semester are conducted to ensure that teaching and delivery of course material is effective and focus on students learning. Student’s response in the classes and their participation in the class discussion is another tool used for the same purpose. A meeting is held by the end of each semester to identify improvements in the process. Standard 5-5: The process that ensures that graduates have completed the requirements of the program must be based on standards, effective and clearly documented procedures. This process must be periodically evaluated to ensure that it is meeting its objectives. Degree Requirements For MBA 3 Semesters programme 1 and half year degree, completion of all specified and elective courses according to the degree plan of the program (minimum of 36 credit hours (as per HEC policy) including 3 credit hour research thesis/project). Achievement of GPA of 2.00 or better for all courses offered. GPA Requirements Students must maintain a minimum GPA/CGPA of 2.2 on a cumulative basis during the course of their academic programme. Students with a GPA/CGPA of less than 2.0 will be dropped from the rolls of the Institute forthwith. Students securing a GPA/CGPA between 2.0 and 2.2 will be on probation for one semester. Page | 16 At the end of the semester, students on probation will be required to improve their GPA/CGPA to a minimum of 2.2. If a student on probation shows an improvement, but his/her CGPA is still below 2.2 his/her probation may be extended for another semester. Otherwise the student will be dropped from the rolls of the Institute. If a student fails certain courses but manages to maintain the required GPA/CGPA, he/she may be allowed to repeat and clear the course(s) or substitute(s) (wherever permissible) before the degree is awarded. The GPA is computed as follows: Sum of (credit hours x grade point) ÷ Sum of Credit hours For Project/Dissertation, the evaluation of a student will be based on (a) Project Report/Dissertation submitted by the student and (b) performance in Viva Voce. Duration The normal duration MBA 3 Semesters programme is 3 semesters. Page | 17 Criterion 6: Faculty Standard 6-1: There must be enough full time faculty who are committed to the program to provide adequate coverage of the program areas/courses with continuity and stability. The interests and qualifications of all faculty members must be sufficient to teach all courses, plan, modify and update courses and curricula. All faculty members must have a level of competence that would normally be obtained through graduate work in the discipline. The majority of the faculty must hold a Ph.D. in the discipline. Faculty of Management Sciences S.No NAME Employment Status(FT, Contractual, Foreign, PT) TTS Acade mic Degree Designatio n Qualificatio n PhD Asstt.Prof Ph. D, SZABIST, MS, SZABIST, MBA UOP, BBA, UOP Ph. D, UOP, MSc, UOP Ph. D, MAJU, MS, MAJU, MBA, UOP Ph. D, Foundation University, Islamabad, Ph. D , Southampton, UK, MBA, University of Texas Arlington ,USA, MS, University of Texas 1 Dr.Usman Ghani 2 Dr.Zafar Zaheer Dr. Attaullah Shah TTS PhD Asstt.Prof TTS PhD Asstt.Prof 4 Dr.Waseef Jamal TTS PhD Asstt.Prof 5 Dr.Muhammad Nouman TTS PhD Asstt.Prof 3 Date of Joining IMScience s 16-09-1998 1/2/2010 1/4/2004 1/6/2010 1/11/2004 Page | 18 6 Dr.Muhammad Ismail wali Contract/Fix PhD Asstt.Prof Arlington, USA, BSc (hons), Agricultural University, Peshawar Ph. D, UOP, M. Phil, UOPMA, UOP 27-10-2009 MS/M.Phil/MBA/MPA/M.Com 7 Mr.M.Imran Wazir Permanent MS Asstt.Prof 8 Mr.Adnan Javed Contract/Pay Scale MS Asstt.Prof 9 Ms.Fatima Ali Permanent MS Asstt.Prof 10 Syed Aamir Saeed Contract/Fix MS Asstt.Prof Ph. D (in progress), SZABIST, MS, SZABIST, MBA, IBA, Karachi, Bacehor of Electrical Engineering, UOP MS, International Business, University of ST.Thomas, Houston TX USA, MA Economics, UOP, MBA, UOP, MSc Statistics, UOP Ph. D (in progress), MAJU, MS, MAJU, Islamabad, MBA, UOP Ph. D (in progress), IMSciences, MS, Agricultural University, 1/4/2004 20-05-2002 1/11/2001 1/2/2010 Page | 19 Peshawar, MBA, UOP 11 Mr.Muhamma d Shaheer Alam Contract/Fix MS Fac Mem 16 Ms.Shabana Gul Contract/Pay Scale MS Asstt.Prof 17 Mr.Awais Alam Contract/Fix MS Lecturer 19 Mr.Syed Zulkifal Contract/Pay Scale MS Lecturer 20 Ms.Ayesha Siddiqa Contract/Fix MS Lecturer MS (Economics), University of Brussels, MBA, University of Antwerp (UFSIA), BBA (hons) IBA, Karachi MS (Management Sciences), IMSciences, 2. MBA (B&F), IMStudies, University of Peshawar MS-MIS, Glasgow Caledonian University, MBA, IMStudies, University of Peshawar, BSc (Hons), Agricultural University, Peshawar MA (HRM), Bradford University,, MA (Economics), UOP MS, Boston University, USA, MA, UOP 1/10/2009 1/2/2009 1/6/2009 1/9/2008 1/8/2010 Page | 20 Full-Time Faculty Information: FullTime Faculty Size 15 Number of faculty Full members with Professors PhD MS Associate Professors Assistant Professors Lecturers Teaching Assistants/Fellows 6 - 12 3 - 09 - The faculty analysis (above tables) describes the strength of IMSciences Management Sciences faculty and addresses faculty size and qualifications. Faculty CVs are also included in Appendix. Standard 6-2: All faculty members must remain current in the discipline and sufficient time must be provided for scholarly activities and professional development. Also, effective programs for faculty development must be in place. The IMSciences faculty is deemed current and competent in their discipline due to the following factors: o Education o Diversity of background o Industrial Experience o Teaching Experience o Ability to communicate o Enthusiasm for developing more effective programs o Scholarships A number of research and teaching centers have been established on campus to foster academic growth and development as well as community involvement. Trainings and workshops are also arranged to strengthen the research and teaching skills of teaching faculty. Meetings are held by university’s authorities to evaluate the programs and modify if needed. Standard 6-3: All faculty members should be motivated and have job satisfaction to excel in their profession. Reasonable salaries with extra incentives are given to faculty members. The Institute offers its faculty many opportunities for professional development. Page | 21 The institute provides faculty members with funds for Journal paper registration Research award Policy o Rs. 10,000 to publish Y category journal o Rs. 25,000 to publish journals indexed by ISI, Social Science Citation Index (SSCI), Science citation Indexed (SCI), Science Citation Indexed Expanded (SCIE) and Thomson Reuters. Incentive on publication of research articles and adoption of TTS package are also valuable for faculty motivation. Faculty input through a survey (appendix) on program from faculty motivation and job satisfaction is carried out. Page | 22 Criterion 7:Institutional Facilities Standard 7-1: The institution must have the infrastructure to support new trends in learning such as e-learning. IMSciences Faculty and students has access to computers, Internet connection and significant repository of Microsoft-related software. The Technical support personnel are readily accessible and work hard to troubleshoot and fix problems related with software and hardware. Printing and copying are also available in the department. All of the above factors help in implementing modern trends in learning, including elearning Infrastructure: Standard 7-2: The library must possess an up-to-date technical collection relevant to the program and must be adequately staffed with professional personnel. The university Main Library is well shelved with contemporary books and references and other facilities listed below. Library has the following types of resources available. o Books (approximately 8000) o Research journals (renewed every year) o Magazines (2500) o Research reports (2000) o Reading material in form of CDs o Daily 15 National Newspapers (Urdu and English) o Computers in Library with fast Internet facility o Different Digital Library is accessible throughout the campus o Soft Books are also available for all students and staff members o Reference service for Research Scholars will be available soon o Audio and Visual facility to learning will also be available soon. Books available in the library are adequate to support the program. Page | 23 Standard 7-3: Class-rooms must be adequately equipped and offices must be adequate to enable faculty to carry out their responsibilities. Presently, all classes are equipped with network connected computers and in-focus projectors. They are primarily used to deliver electronic class notes and perform in-class demos and presentations. Every Faculty member is provided with a well-furnished office that helps them in carrying out their responsibilities. Page | 24 Criterion 8 :Institutional Support Standard 8-1: There must be sufficient support and financial resources to attract and retain high quality faculty and provide the means for them to maintain competence as teachers and scholars. Faculty Support and Resources: To attract qualified faculty and to maintain competence of the existing faculty, the Institute offers the following support and financial resources: The Institute has adopted Model Tenure Track Scheme offered by HEC. Study leave with pay for scholarship holders Research rewards to improve research profile Competitive salary packages Health insurance (Group Medical Insurance) Group life insurance Gratuity fund Contributory provident fund Support for scholars to avoid HEC’s travel grant Support for researchers to avoid research grant of HEC Research funds Moreover, the Institute also supports faculty members to attend conferences (national and international), training courses in their area of interest. Secretarial Support, Technical Staff and Office Equipment The university has appointed enough experienced supporting staff. That includes o Network administrator o Web administrator o Lab Technicians o Lab Attendants These technical staff is properly trained time to time. Other facilities like photocopier, postage, air conditioners, heaters, fax etc. are not provided. Transport facility is provided. Standard 8-2: There must be an adequate number of high quality graduate students, research assistants and Ph.D. students. Page | 25 No relevant to MBA (3 Semester) program Standard 8-3: Financial resources must be provided to acquire and maintain Library holdings, laboratories and computing facilities. Library: Discussed in standard 7-2 Laboratory and Computing Facilities: Financial resources for laboratories and computing facilities are satisfactory. In total the Institute has 6 computer laboratories, equipped with latest computers and printing facilities. Out of the 6 computer laboratories, 5 computer labs have 35 computers each, whereas 1 computer laboratory has 50 computers. 15 computers have also been placed in the Library for research purposes. LABS Computing equipment 5 computer Labs 35 computers each 1 computer lab 50 computers Library 15 computers DLD Lab Contains the DLD equipment such as circuit boards etc. Page | 26