Re: Re: [MTC Global] 13% of Indian management graduates fail to find jobs

Dear Sir, With the MBA being totally under the purview of the University, it has
become a pure academic program just like the MA, MCOM, or any other post
graduation. It has become an academic qualification and has become an end in
itself. A student pursues it to get a degree and try his luck at a job; our
grandparents did with a Matriculation or a BA.
Best Regards,
K.Paranjpe

On Tue, 26 Nov 2013 09:35:30 +0530 wrote
>Dear Prof.Bholanath,

This had to happen.When there has been
1.Total disregard by many management institutes to focus on imparting quality
education.
2. There was a rat race among the institutes to advertise that their institute has
produced 99% ,100%,98% pass results (The fact being that students are being
awarded internal marks as high as 95%, 96% and so on and the same students scores
just pass marks in External examination. This was only to attract more students to
make money.
3.There are institutes where the Attendance records are manipulated for inspection
purpose and the actual attendance is different.
4.There are faculties who want to be unbiased while giving marks but they are
facing pressure from the management to inflate the marks so that the students pass
and they can claim good pass percentages.
5. The institute have adopted a double edged weapon of calculating the pass
percentage of students with other subjects/faculty obviously the faculty inflates
the marks to prove that the subject which he teaches has better pass percentage.
6.Institute have appointed totally fresh or one or two years experienced faculty
(since they come cheap) to teach the M.B.A. students. How can industry accept
this.
7.Do all Ph.D. teach will Is it that non Ph.D. and several decades experienced
corporate person are very poor teachers.
8 Management education is predominantly for catering to the corporate
requirements.
9. Corporates will chose and pick candidates as per their evaluation. They seldom
compromise on the requirements.
10. Commercialization of education by compromising on the quality has led to this.

I strongly feel there is a demand for quality M.B.A students in corporate but
corporates will not pick up s**t

Rao.L.B


From: "Prof. Bholanath Dutta"
Sent: Mon, 25 Nov 2013 16:06:21
To:
Subject: [MTC Global] 13% of Indian management graduates fail to find jobs
NEW DELHI: There are more Indian management students unemployed this year than in
the US and other parts of the world with theunemploymentrate 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 amongbusiness schoolgraduates vary as
well. The poll itself did not ask alumni about theeconomyper 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/PacificIslandsregion (96), Europe (89), Canada (25), and West
Asia/Africa (20).[Reported in TOI dated 20.11.2013]Educate, Empower, ElevateProf.
Bholanath DuttaFounder, Convener & PresidentMTC Global & Knowledge Cafe



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K.D.Paranjpe
Mumbai

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