This is not good news for the boy next door if he is one of those studying in the many management institutes mushrooming across the country.
With economic slowdown affecting corporate expansion drive, a majority of graduates fromtier III and IV B-schools may find it difficult to land a job this year.
“Final placements is going to be a challenge for tier III-and-below schools (of which we are also a part) this year,” said Bikramjit Banerjee, Head of Placements, Usha Martin Academy.
According to Crisil Research, out of approximately 4,000 B-schools in the country, 52 per cent belong to the tier-III and 36 per cent to the tier-IV categories.The study, based on 2010 recruitment data, shows wide disparity between approximately 10 per cent premier institutes and their poorer cousins, in placement patterns (Table below).Nearly 20-40 per cent of lower-rung institutes fail to helps their students find jobs on campus.
According to Crisil, a large percentage of students from such colleges, unless trained extensively, reportedly lack the skill set required to hit the ground running on their jobs.
“The cost of employing a management graduate from the lower rung colleges is usually lower than that for students passing out from top schools. However, the cost attribute might be thrown off gear by the intensive training required to train these students to be on par with those from tier I colleges,” said Dhruv Desai, Senior Vice President, Human Resource and Leadership Academy, Angel Broking.
Faced with these challenges, smaller institutes are working on alternative strategies. Mayfair Business School, for example, claims to have introduced ERP and SAP training modules to equip students with IT knowledge (apart from managerial skills) to help them get job offers. Globsyn, meanwhile, is focusing on summer placement as a tool to improve final placement ratios.
Comments:
Its time there emerges realisation to the world of management education.
Certainly, a need for consolidation and standardisation of B-Schools in
India. Corporate world too should look for quality and employ the
budding managers after thorough screening and develop the talent.
getting a mere salary of 9lac....yukk.....i would advice you to better come toVedanta Aluminium Limited Lanjigarh.Here you will get 12lacs salary in only 2 yesrs........
So in 2 years you can have a bank balance of 10 to 12 lacs easily.......fools.....
a couple of years ago I read a bit of information. A golf club in india,
was offering to receive and open the car door of members. One member
asked the club manager about the qualifications of such employees who do
receiving and opening the car doors. The manager said, " we do campus
recruitment but for such jobs we select from certain institutions which
simply stamp people as MBA". Unless the syllabus is uniform and there
are tough evaluation of the students, you will get scum along with
cream.
Our rules should be enhanced to allow for takeover and mergers of educational institutions. In the past few years, a huge number of people with connections and land started institutions merely because they got licenses from authorities through their influence. While some of them also did well, many other fall drastically short on academic standards. They also do not have sufficient academic management background to improve. If healthy education institutions are encouraged to take over unhealthy ones, then the institutions can improve and provide better opportunities for students. Also the investment made in land/buildings etc will not go waste. Students in such institutions often come from less privileged sections or are those who did not do well in their earlier studies. So it also helps socially to provide better education to them. Our laws related to Trusts and Societies are totally outdated and do not facilitate such transfers meaningfully.
This is an unfortunate situation. Business skills are sorely required by many small businesses also. India needs many businesses to start, grow, and flourish. The best course is for small business groups, entrepreneurial big businesses, B-schools, and unemployed graduates to work together and create opportunities for volunteering, stipendiary positions, internships, training positions and subsidies. Such a program will utilize young business professionals, keep their skills up to date, and make the small businesses more productive with modern management knowledge.
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