Only 10% of MBA Graduates are employable – ASSOCHAM

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) paper on “B-schools and Engineering colleges shut down – Big Business Struggles” reveals that since 2009, the recruitments at the campus have gone down by 40% in the year of 2012 as a result the B-schools and engineering colleges are not able to attract students.

Other than the graduates from IIMs, the business schools are loosing their charm and becoming unattractive to students. Mr. D S Rawat, Secretary General ASSOCHAM said that there is no quality control, the placements are not commensurate with fees being charged, the faculty is not good enough and there is no infrastructure.

The biggest reason for the gap is the rapid mushrooming of tier-2 and tier-3 management education institutes that has unfortunately not been matched by commensurate uplift in the quality of management education. The most of students prefer to choose cheaper AICTE approved programs rather than B-schools”, said Mr. Rawat

“The need to update and re-train faculty in emerging global business perspectives is practically absent in many B-schools, often making the course content redundant”, adds the paper.

Mr. Rawat further said that the quality of higher education in India across disciplines is poor and does not meet the needs of the corporate world.

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