More the number of B-schools crop up in India, the further the students get from getting a suitable job. Rather, a large number of B-school graduates are unemployed.
More the number of B-schools crop up in India, the further the students get from getting a suitable job. Rather, a large number of B-school graduates are unemployed. According to a recent ASSOCHAM study published in Firstpost . these graduates earn "less than Rs 10,000 a month, if at all they find placements."
ASSOCHAM marks the root cause:
India has as many as 5,500 B schools
The quality of education exhibited at premium B-school, IIM can't be matched
Only 7 percent MBA graduates get the job that too mostly from IIM, ASSOCHAM Education Committee (AEC) noted
As many as 120 new B-schools are expected to start in 2016; the number of B-school seats has tripled in last five years
These B-schools show a lack of quality control and infrastructure
The faculty of these schools has been a problem as well since the teaching profession is also declining in our country
Students are neglected by faculty in Tier 2 and 3 colleges, which obviously reflect on their performance
"There is a large mismatch in the aspirations of graduating engineers and their job readiness." Around 97 percent engineers pass out each year, however there are jobs for only 18.43 percent employable in IT and 7.49 percent in core engineering
ASSOCHAM Secretary General D S Rawat said that the quality of higher education in India across disciplines is poor and does not meet the needs of the corporate world.
What are the possible solutions?
"The need to update and re-train faculty in emerging global business perspectives is practically absent in many B-schools, often making the course content redundant
These schools need to re-work on their fee-structure, as students pay a hefty amount of Rs 3 to Rs 5 lakh on a two-year MBA programme, while they earn only Rs 8,000 to Rs 10,000.
What the B-schools have to say?
Dr. Debashis Sanyal, Dean, Narsee Monjee Insitute of Management Studies (NMIMS) says:
"The survey has taken the B and C grade colleges as part of its study and hence these results"
According to Sanyal, the lowest package at NMIMS is of Rs 17.09 lakh and students get at least Rs 23 lakhs
Dr Sanyal further refuted the study that only 7 percent B-School graduates get jobs. "The top institutes in the country, be it in Tier 2 towns like Bhubaneswar too have 100 percent placement," he said.
Source: Indiatoday
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