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Only 7 percent B-School graduates are employed: ASSOCHAM

 

More the number of B-schools crop up in India, the further the students get away 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 away from getting a suitable job. Rather, a large number of B-school graduates are unemployed. According to a recent ASSOCHAM report, 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

  • 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.

 

Resource : http://bit.ly/1W79tnJ

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