Since, job guarantee is one of the key factors why students pursue MBA, b-schools are unable to fulfill this important criteria of students. Following the economic turmoil, its become a difficult challenge for B-schools to get their graduates placed. As companies don’t have jobs and enough revenue to invite the new-bees graduating, the task of placement officer gets tougher as the dates near. Compared to 41% students getting placed in 2008, only 29% are placed in 2011-12.
Because of this, sustaining the students and enroll more students next year has become even more important task. Bad word-of-mouth of recent graduates will be the last thing on B-schools’ mind. The challenge is more about sustainability and survival than quality education and imparting knowledge.
B-schools are finding it difficult to incorporate the vacant seats as allotted by Government of India. To help fill the seats, B-schools also approach coaching centres to direct students to their school, for which they are ready to shell 50,000 per student. These methods have raised doubts on the dignity and integrity of coaching centres and B-school. Around 35% of the tier 2 and 3 bschools have difficulty in filling the seats. 140 b-schools will be closing the administration, according to the reports.
Education is a tool to enhance knowledge and to develop business skills. But, there is no value addition to students other than presentation skills, grooming skills, excel and communication skills. Is MBA even worth it? You decide.
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