A News Report in The Hindu
Only 7 per cent B-school graduates employable: study
Most business schools in the country are producing sub-par graduates who are largely unemployable, and therefore earning less than Rs 10,000 a month, if at all they find a job, a report has pointed out, a study report points out and has further stated that “Only 7 per cent of MBA graduates from Indian business schools, excluding those from the top 20 schools, get a job straight after completing their course,” it found. “Around 220 B-schools have shut down in the last two years in Delhi-NCR, Mumbai, Kolkata, Bangalore, Ahmedabad, Lucknow, Hyderabad, and Dehradun, and 120 more are expected to wind up in 2016.
India has 5,500 B-Schools, Except top business schools and IIM, all the other colleges, universities and self proclaimed universities, produce MBA`s who are not employable at all in any level. The report blames the lack of quality control and infrastructure, low-paying jobs through campus placement, and poor faculty as the major reasons behind the disaster.
Assocham said, expressing concern over the decay in the standards of these B-schools.