Many research agencies in India are like our Politicians -- highlighting the same old issues, blowing them out of proportion, creating a sensation,unwarranted hype & panic & selling their print/electronic media service/product. They are plunging many students , parents & citizens into depression with their news items.
Why "serious questions about employability of majority of B Tech/ MBA candidates who pass out each year "? Everyone knows this, including the security guards of these institutions, & enough articles/media coverage/statements by our indifferent selfish politicians -- online & offline, almost daily. In fact, this is one of regular topics which our esteemed MTC - G members are deliberating half the time -- poor infrastructure, faculty to gear up, lowly paid faculty, quality of students & their attitude, poor soft skills & 80 things the students lack , expecting huge packages with no calibre, background of Management/ Faculty/ Staff, freedom for faculty, investment by owners & founders, obsessed & enamoured by the IIT/IIM"s & baseless comparison with them , placements, performance after getting into the job.
Recently, I interviewed Management grads in final yr from a premium B school & was aghast with their knowledge of basics & understanding of Management per se. An MBA HR has no clue of HRIS, an MBA Mktg is lost about Digital marketing,an MBA Fin could not answer what Derivatives mean, all of them are convinced that Communication skills is only English fluency & nothing else, list is long,,,,,,,,,,
Another major issue today is 60 to 70 % of MBA"s , products of other than the top 30 B schools, are changing 2 /3 jobs in first year of their working. It is evolving into major contentious problem for parents/relatives, negative impact on the organizations they are working for & a societal problem too.
My suggestion is that every MBA/ PGDM student must work 14 hours a day for 2 years - whether a day scholar or a hosteler. The colleges & institutions must plan properly, provide the min infra, regularly train the faculty & keep the student engaged & grilled with a rigorous breathless schedule & market driven curriculum.This is what the IIM"s, IIT"s & premium school do.
In our country , everything is in a huge numbers. There cannot be any solution overnight in any sector or domain.
With teeming millions of students, change will happen slowly -- it is not Singapore, Indonesia or Brazil whose population is less than Uttar Pradesh or Andhra Pradesh.
regards
Ramesh Vemuganti.
6th October,2012
On Fri, Oct 5, 2012 at 10:23 PM, Prof. Bholanath Dutta
<bnath.dutta@gmail.com> wrote:
Employability of management graduates on a decline: Expert
PTI Sep 25, 2012, 06.23PM IST
NEW DELHI: The allure of Indian B-schools, barring the top 25, is fading and the employability of management graduates is on a decline, says an expert. Recruitment avenues for management graduates are on a decline, considering the fact that the economy is growing at the lowest pace in nine years, besides the financial sector is also witnessing sluggish growth rate.
"The number of management schools and engineering colleges in India is somewhere around 10,000 - 12,000 and there are serious questions about the employability of the graduates coming out of some of those institutions (barring the top 25)," IIT Delhi, Professor and Head (Retd) Department of Management Studies, Rajat K Baisya said on the sidelines of an event organised by SkillTree.
In late nineties India's management education sector saw a boom period as the number of business schools multiplied in no time. But this situation is starting to deflate as people are realising that expensive courses in these kind of schools would not guarantee them a well-paid job.
In the last five years however, the number of MBA seats in India has grown almost four fold -- from 94,704 in 2006-07 to 3,52,571 in 2011-12 -- resulting in a five-year compounded annual growth rate of 30 per cent, but their employability rates have fallen.
According to another expert who did not wish to be named new management colleges neither have proper infrastructure nor proper faculty and their quality of education is also not as per the requirements of the industry.
According to a recent MBAUniverse.com - MeriTrac employability study 2012, which covered 2,264 MBAs from 29 cities and 100 B-Schools, beyond the Top 25, only 21 per cent are employable.
The previous study of 2007 by MeriTrac had placed employability index at 25 per cent.
EDUCATE, EMPOWER, ELEVATE
Bholanath Dutta
Founder, President & Convener: MTC Global
Web Link: www.mtcglobal.org Email: bnath.dutta@gmail.com/president@mtcglobal.org
Cell: + 91 96323 18178
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