Higher Education in Pakistan: A Case of Business Schools

Abstract

Education plays a vitalrole in developing human capital, which is pivotal for any country's economic progress. Pakistan is a developing and labour abandoned country;it can easily attain its foreseen financial landmarks through effective human capital formation.Since its inception, our country is struggling with higher educationquality & most of the public andthe private recruitment bodies are still claiming about graduates' professional competencies. The current study aims to explore the potential aspects thatdisturbinghigher education quality in Pakistan. The Lahore University of Management Sciences (LUMS) is the top University in business management & also holds a well-thought-of standing in Asia.It provides quality education in Pakistan, and empirically, there has been a clear gap between the quality of higher education provided by LUMS and Pakistan's other business schools. The gap was measured on world declaration dimensions of quality, namely,curriculum& extra curriculum activities,teachers' qualification methods, tuition&funding fee, school facilities, and interactive network. As 47% of lecturers in other colleges have never written a dissertation, 41% of teachers who teach at more than one university work hard, 55% of students think that their teachers have their students. Only 58% of students feel that students are unable to provide them with adequate time.The teachers and 43 % of the students show dissatisfaction with the University's facilities, while 32% could get financial assistance from their institutions.