Consider some of these facts: only about 7% of students who graduate from MBA courses in India are actually employable, if you leave aside the top 20 schools in the country. A study conducted recently found that many MBA institutes are producing ‘unemployable’ or sub-par graduates; who are able to only land jobs that fetch them between Rs.8,000 and 10,000 a month. And as everyone knows, getting into the top ten MBA colleges in India is easier said than done. So should you rethink your plan to do an MBA? Nothing so drastic; but you do need to know what you are getting into, if you plan to study a (so-called) International MBA Program.
Is there a downfall among B schools?
The ASSOCHAM study referred to above, had several other startling revelations: though only some of the top management colleges in India are highly regarded internationally, there are actually about 5,500 B-schools plus unapproved institutes as well in the country, which dish out some rather substandard education. While many of these may claim to offer an International MBA Program, these institutes are in reality plagued by poor faculty and infrastructure, lack of quality control, and low paying jobs resulting from campus placements. According to ASSOCHAM Secretary General D S Rawat, the quality of education provided is poor and not commensurate with the actual requirements of the corporate world. To sum up, the typical MBA graduate is not what employers are looking for!
MBAs – the skill way
You don’t have to be a statistic however. You don’t have to be that student who spends lakhs on their two year course only to land a poorly paid job at the end of all that hard work. Thanks to some welcome developments in the MBA education segment – some would call it a renaissance – you have access to International MBA Programs from some of the top management colleges in India and to an education that actually equips you with skills you can use… skills that employers are looking for.
Rather aiming only for the top ten MBA colleges in India, it can make more sense to try enroll for a regarded course that actually equips you with practical, workable and valuable skills such as:
Equipping yourself with valuable and workable MBA skills
Apart from the International MBA Program and other course offered by top management colleges in India, you can also develop or add to these skills on your own by reading books, research material, case studies, educational websites and other publications. For example, The School of Business Studies (SBS) at the Shobhit University, in collaboration with its Knowledge partner ILEX Academy, offers The MBA in Digital Marketing & e-Entrepreneurship as a flagship course.
The Advisory Committee guides the Program along with the Board of Studies, constituting renowned professionals from Academic institutions and relevant industries.
Additionally, Mini MBA programs and online courses can also help you gain knowledge and some structured understanding of business settings. Many students may already have a smattering of the practical aspects of marketing and finance and such extracurricular efforts may go a long way in enhancing those skills. Be a part of the MBA Renaissance – the Skill Way!