Nepal’s education system lags behind in quality and produces large numbers of students without core technical and soft skills required for higher level jobs. Businesses, both national and international, have complained extensively about the poor qualifications of youth. The banking sector and export-oriented industries have been repeatedly raising concern over the lack of suitable and qualified human resources, which in turn is affecting growth and jobs creation. In fact, Nepal is the 88 most competitive nation in the world out of 137 countries ranked in the 2017-2018 edition of the Global Competitiveness Report published by the World Economic Forum. It is also ranked 105 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. Consequently, low investment and a subdued growth rate have resulted in a dismal absorptive capacity of the markets, which is unable to absorb over half a million new entrants into the labor force each year. Not surprisingly, over 1,500 unskilled and low skilled Nepalese leave each day to the Gulf and other employment destinations for jobs.
At the higher education level, Tribhuvan University (SANEI, 2007) produces 80% of the higher education outputs (SANEI, 2007). Standards of teaching and learning are generally poor and of variable quality; and higher education institutions have been unable to resolve them effectively as they are beset with various governance and fiscal challenges. At Tribhuvan University, over 80% of the students are in the ‘general faculties’ and less than 15% study technical disciplines, which are essential for the growth and development of various economic sectors. Research and Development (R&D) at Nepali universities is negligible. Integration of IT/ ICT in teaching is non-existent. There are a growing number of smaller private institutions offering specific technical training and education, but the quality of these programs is questionable, and an independent and robust accreditation system is lacking.
Among those who can afford, many spend significant resources to seek quality education overseas. According to the Ministry of Education (Nepal), during the last fiscal year, almost 70,000 students received no objection to study abroad on ‘self-finance’. This means a flight of an estimated US$150-400 million out of Nepal each year. This does not include another 25,000 – 30,000 who go to India to study. Most who leave to study, do not return home to resettle. This is a major loss of human capital stock and financial resources, and there is no strategy to stem this dangerous human capital depletion.
Who We Are and What we Do
LAN, in collaboration with Rice University Jones School of Business (Executive Education), provides high quality education and training using the most modern technologies, pedagogy and top tier education resources right here in Nepal. LAN Programs — a blend of face to face, Massive Open Online Courses (MOOCs), local facilitators, and Rice faculty and business cases—is designed to prepare highly effective and socially responsible leaders. The focus will be on engendering contemplative and adaptive leaders with strong core values and ethical standards, and essential knowledge and skills required to make significant contributions within their work and communities, and in the broader local, regional and national economy. LAN will also counsel its graduates, host job fairs, and link outstanding graduates with the top managers in business.