My own experience is that students coming from high end schools, who have good soft skills too, are also failing to get respectable jobs because management programs today do not focus on competency building – they focus on passing the written exams based on theories. Unless rigor of the management programs is pushed to the same level as M.B.B.S. program or that of IIMs and ISB programs, MBA will remain a degree for marriage market not for employment.
Regards
Virendra Goel
From: join_mtc@googlegroups.com [mailto:join_mtc@googlegroups.com] On Behalf Of kiran paranjpe
Sent: Sunday, September 01, 2013 4:49 PM
To: join_mtc@googlegroups.com
Subject: Re: [MTC Global] Business schools fail to attract students
Dear Sir, The MBA program has lost value overall. There are several reasons but I feel the biggest reason is the admission of poorly educated graduate students. The educational processes required to bring these graduates to the desired level is far more elaborate and time consuming. I presume that the level to which an IIM entrant reaches in two years can only be reached by a lower grade B school in maybe four or five years that too of the relatively brighter students who constitute just about 5-8%. As for the remaining 95% of the students the level may be clearly out of reach.
However, in the open market, an MBA from a lower grade B-school is available as one from a top grade school and so recruitment of an MBA is decided by the economics of supply and demand. The large number of very mediocre MBA graduates forces the salary level even under growth conditions.
Many B-schools have tried to introduce entrepreneurship programs in their curricula, but the response from the students is lukewarm. Most students join the MBA program to get a well paying job and not to strike it in entrepreneurship.
Inability to provide well paying jobs means that the conventional MBA program has become just another academic qualification like MA or MSc. It is not surprising that students are losing interest in the conventional MBA program.
Best Regards,
K.Paranjpe
On Sun, 01 Sep 2013 14:39:41 +0530 wrote
> Business schools fail to attract studentsHindustan TimesBusiness schools in India are battling problems of unfilled seats, high attrition rate of teachers and poor placements.
Of the 2.82 lakh seats in the more than 3300 All India Council for Technical Education (AICTE) recognised management institutes, 30.48% were not filled in2012-13. The number for 2011-12 and 2010-11 was 33.58% and 26.82%, respectively. "Without redesigning, the MBA degree will drift into irrelevance," feel experts.Survival tactics include addressing the basic premises on which management education is based. This includes revising curriculum to make it job relevant.In 2013-14, 145 business schools applied for closure - while 110 applications were received for opening new institutes, much less than the 244 applications two years ago."The supply has certainly exceeded the demand," AICTE chairman SS Mantha said. Tripurari Pandey, director, Ajay Kumar Garg Institute of Management adds: "The good students go to IIMs. If the market is dry, it becomes a daunting task to get good placements." The average salary of an MBA graduate is R15000-20000 per month, says Satish Kumar, director Vidya School of Management. "When a student can get the same salary by doing a certification course why will he go for MBA?""Over the years a large number of management institutes have opened up but they are not focussing on knowledge and skill," says Lalitya Vir Srivastava director Asian Business School.Educate, Empower, ElevateProf. Bholanath Dutta
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K.D.Paranjpe
Mumbai
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