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Assocham Report - 7% B School Graduates Employable
A shocking report by Assocham, Associated Chambers ofCommerce of India has revealed that only 7% of graduates graduating every yearfrom B Schools are employable. The country has more than 5500 B schoolsoffering around 5,20,000 seats in the year 2015-16.
No wonder the payscale is so poor from MBA graduates and whyso many of them are unemployed even after passing with decent grades. The reportbrings the decaying state of management level education in the country showinglack of learned faculties and proper infrastructure.
"Only 7 percent of MBA graduates from Indian businessschools, excluding those from the top 20 schools, get a job straight aftercompleting their course,"
"Around 220 B-schools have shut down in the last twoyears in Delhi-NCR (National Capital Region), Mumbai, Kolkata, Bangalore,Ahmedabad, Lucknow, Hyderabad, Dehradun etc. And at least 120 more are expectedto wind up in 2016.”
The report further states that the rate of campus placementhas reduced by over 45%. The decline in the quality of education and lack ofemployment opportunities has led to the shutdown of several B Schools.
While the fees charged by these management schools rangesbetween Rs. 3-5 lakhs in different parts of the country, the average salaryafter passing from these schools lies around Rs. 8-10,000. Assocham report citeslow salaries the main reason while so few talented individuals are willing totake up teaching as a profession.MBA is not the onlyfield that is suffering from this acute shortage of faculty and poor state ofeducation. India as a country produces more than 15 lakhs engineering studentsevery year and out of that, more than 30% are unable to find jobs. Of theremaining 70%, most are being paid below their calibre.