Once it was about keeping a default choice as Engineering after +2, it has now almost became true that a majority of unemployed engineering graduates are gearing up for pursuing MBA course in India. Most Business Schools have about 80% engineering graduates, very rarely you do come across students from Arts, Science or Commerce background.
Getting a seat in MBA college
All that the student have to do is to give one of the 5 prominent MBA exams (CAT, XAT, MAT, CMAT & ATMA) and get a score card and Business Schools will fall back of you. There are Business Schools offering admissions without any entrance exam. With all these things around, people (foolishly) start crying about unemployment rate in India and say that only 20 to 25% MBA graduates are employable.
Only 20 to 25% are employable because of the fact that only they have the potential to show some extra ordinary talent (beyond what books won’t teach) and bag a job. Talking about people who crack CAT, yep they have got the talent and they are well rewarded if they get about 99%le or above 97%le to get a call from IIMs or FMS Delhi, but what about the rest? They either drop out and start looking for a job or take admission in any reasonably good business school for instance there are several other good Business Schools competing with IIMs.
In no order randomly one can mention about SP Jain Mumbai, Narsee Monjee Institute of Management Studies Mumbai, Jamanlal Bajaj Institute of Management Studies, IIFT Delhi, MICA and so on.. these are still very good business schools meaning that they are the place for people who marginally missed IIMs or the top 5 business schools.
Those who drop the idea of doing MBA can be treated in two ways, he is extra ordinarily talented that he or she thinks ‘if not IIMs I don’t do my MBA’; these are the people who have an alternative plan i.e either they are working or have given their GMAT or GRE exam to search for another top destination abroad and the other category who give another shot at the CAT or XAT next year.
Why they don’t get a job
It becomes a problem of plenty here, there are as many Business Schools and every one will get a seat in some or the other college. There are MBA colleges which concentrate only on students who are below average or students who didn’t give any entrance exam.
So if placement is the only concern and you join MBA to get into a multinational company with a 6 digit salary a month then be sure that you will need to be in the top 25% of people who write the toughest MBA entrance exam in India (CAT).
MBA grads remain unemployed because companies are not like Business Schools which give admission for every one who satisfies minimum eligibility. Be sure to know that there will be aptitude tests, group discussion rounds and technical rounds for the job interview which your Business School has overlooked for now.
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