The truth about the dismal quality of
engineering graduates is a well-known reality. Now it is the turn of their management counterparts.
A 2012 Merit Trac-MBA Universe. com study on the
employability of MBA graduates in 100 B-schools across the country has revealed that only 21 per cent of the candidates who graduated in 2011-12 were employable. The employability rate of the candidates has dropped by four per cent from 25 per cent in 2007, the report said.
The study based on the results of the tests conducted by various companies as a part of their annual hiring, found the candidates wanting in some crucial skills required to make sound business decisions. The test covered MBA graduates across 29 cities. However, the top 25 Bschools, including IIMs, were excluded due to their "fairly well-known placement credentials".
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India's Best B-Schools The 2, 264 graduates were assessed on their reasoning skills, verbal and quantitative abilities by MeritTrac, a testing and assessment firm, on behalf of the recruiting companies. While performance in the verbal ability were satisfactory, reasoning was an area that required improvement considering the fact that it is integral in taking key management decisions.
"The report brings out the candidates' employability gaps across various competencies... There is a need for scientific examination and tests to align the skills of a candidate with that of his prospective employer," S. Murlidhar, CEO and director of MeriTrac, said.
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Best Companies to Work For in India Management experts attribute decline in quality to the
mushrooming B-schools across the country - the number of MBA seats has grown from 94,704 in 2006 to 3,52,571 in 2011.
"Management institutes are the easiest to set up as there is no requirement for a laboratory... Any entrepreneur with deep pockets can set up a management institute today. It is time we introduce a rating process to vet the quality of these institutes," P. Rameshan, director, IIM-Rohtak, said.
Courtesy: Mail Today
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