Not surprising given the proliferation of B Grade management schools
We must focus on quality in MTC
Ganesh - Cusco Valley Peru
www.ganeshnatarajan.com<http://www.ganeshnatarajan.com>
On Nov 25, 2013, at 5:36 AM, "Prof. Bholanath Dutta" <bnath.dutta@gmail.com<mailto:bnath.dutta@gmail.com>> wrote:
NEW DELHI: There are more Indian management students unemployed this year than in the US and other parts of the world with the unemployment rate for Indians at 13% compared to an average 10% globally for the class of 2013. The Indian unemployment rate marks a sharp jump from last year's global average of 8%. Indians also on an average earned one-third less than their American counterparts this year, according to Global Management Education Graduate survey — conducted by the Graduate Management Academic Council (GMAC) for management students in their final year of business.
The poll for Indian students showed that 13% graduates are not working. The top three reasons for not having found a job include lack of industry or functional experience (47%), not being able to find a job that paid well enough (29%), while 29% felt overqualified for jobs on offer. "Economic conditions vary around the world, and the employment rates among business school graduates vary as well. The poll itself did not ask alumni about the economy per se, but some mentioned tight job markets when asked for open-ended comments," said Gregg Schoenfeld, director, Management Education Research, GMAC.
The median starting annual salary offered to US citizens who graduated from a full-time two-year MBA in 2013 is $90,000, with a bonus and additional compensation of $10,000. US citizens, who graduated from a part-time MBA programmes, report a median annual salary of $85,000. In comparison, Indian students, who graduated from full-time two-year MBA programmes report a starting salary of $34,988, while their European counterparts with full-time one-year MBA programmes reported starting salaries of $101,093.
In the class of 2013, 90% alumni were employed as of September, which includes 5% identified as entrepreneurs or self-employed. This is an improvement upon the 60% of jobseekers, also from the class of 2013, who reported they received a job offer a few months prior to their graduation. Moreover, class of 2013 alumni reported improved employment status compared with the majority of global alumni in the past five years.
Employment rates vary by country and region, with 95% of US respondents employed, Latin Americans (92%), Indians (87%), Europeans (82%) and 85% for Asia-Pacific countries.
Findings represent responses from 915 students from the class of 2013 — a 19% response rate— from 129 business schools around the world. A profile of respondents by citizenship shows that 433 alumni come from the United States, India (129), Latin America (109), Asia and Australia/Pacific Islands region (96), Europe (89), Canada (25), and West Asia/Africa (20).
[Reported in TOI dated 20.11.2013]
Educate, Empower, Elevate
Prof. Bholanath Dutta
Founder, Convener & President
MTC Global & Knowledge Cafe
--
MTC GLOBAL- Educate, Empower, Elevate
---
You received this message because you are subscribed to the Google Groups "Management Teachers Consortium, Global" group.
To unsubscribe from this group and stop receiving emails from it, send an email to join_mtc+unsubscribe@googlegroups.com<mailto:join_mtc+unsubscribe@googlegroups.com>.
For more options, visit https://groups.google.com/groups/opt_out.
Disclaimer: The contents of this e-mail and attachment(s) thereto are confidential and intended for the named recipient(s) only.It shall not attach any liability on the originator or Zensar Technologies Limited or its affiliates. Any views or opinions presented in this email are solely those of the author and may not necessarily reflect the opinions of Zensar Technologies Limited or its affiliates. Any form of reproduction, dissemination, copying, disclosure, modification, distribution and / or publication of this message without the prior written consent of the author of this e-mail is strictly prohibited. If you have received this email in error please delete it and notify the sender immediately. Before opening any mail and attachments please check them for viruses and defect. Zensar Technologies Ltd or its affiliate do not accept any liability for virus infected mails.
--
MTC GLOBAL- Educate, Empower, Elevate
---
You received this message because you are subscribed to the Google Groups "Management Teachers Consortium, Global" group.
To unsubscribe from this group and stop receiving emails from it, send an email to join_mtc+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/groups/opt_out.
No comments:
Post a Comment