BSchool recruitment down to 10% says Assocham study!
A recent study by Assocham hints at the losing sheen of BSchools with only 10% of BSchool graduates (apart from the top 20 business schools) getting recruited. According to the study, the last five years have seen a huge increase in the number of MBA seats with as many as 3.6 lakhs from a mere 4500. In the same vein, campus recruitment have shown a decline by 40% during this period.
The future shows more bad news with as many as 180 school shut down in 2012 and another 120 coming close to being shut down in the current year. Recruitment wise, the graduates from the top BSchools like the IIMs get jobs straight after graduation but for the others its a struggle to land a decent one.
Factors like lack of quality faculty, course structure not matching industry standards are the contributors to this dismal scenerio. A major factor is the total lack of quality control in the institutions. Fees charged for these courses being very high, are not justified with the bad infrastructure and below the mark faculty. Added to the problems is the inability to translate the graduation figures into placements.
The rapid mushrooming of these tier-2 & tier-3 business schools have not added to the quality of management education in the country but have rather contributed to its downfall.This increasingly worsening situation is seeing a lot of these institutes struggle for survival with the result that many of the graduates of these schools are left with little chances of getting recruited.