Is India producing more MBAs than required?

A management programme provides a holistic development of managerial skills through exposure to case studies, teaching, industry training, consultancy and research and interaction with industry leaders All these aspects in management education help students cultivate practical and efficient skillsets required in the industry When management students enter the corporate arena, they are able to efficiently identify various issues and come out with the best possible solutions to tackle them through their multifaceted skillsets In the global business environment, challenges faced by organizations are of a dynamic nature. Exposure to managerial skills is crucial as it helps the manager to work in networked multinational companies having presence in many continents The top B-schools in the country, which are actually able to provide a good quality education and placement opportunity, do not have enough seats for all the meritorious students. Candidates who score well are unwilling to settle for Tier-2 or Tier-3 colleges, but the top management institutes simply cannot provide seats for all such meritorious students. Skill-based education is somewhat lacking in all the higher education fields in India and management is no different. The focus of B-schools needs to shift from theoretical knowledge to skill-based education with a more practical and dynamic approach. There is a wide gap between what the job market needs in its employees and what the management graduates are able to provide to the industry. Widening this gap is the lack of regularity in updating the syllabus.

1 Upvote 1 Upvote 0 Downvotes

• • Report Abuse
• Comment

Yes, there are many colleges and universities at premier level and other low-level colleges which are offering MBA program and are providing admissions to students at large level into their program. A survey shows that each year India produces 3 lakh MBA graduates, hence interesting fact is that only 10% of them are employed in the company. The fact is that growth in number of universities and colleges have made it more in number. Some colleges and universities are just providing degree without any class or anything. They just want money, but you can go for top B-Schools for MBA as they provide good employment opportunities with hefty packages. A management programme provides a holistic development of managerial skills through exposure to case studies, teaching, industry training, consultancy and research and interaction with industry leaders. All these aspects in management education help students cultivate practical and efficient skill sets required in the industry.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

Yes, the answer is India is producing a large number of MBA graduates each and every year. The worst part is that the quality of education will decrease day by day because of increasing MBA campuses. Nowadays, the MBA education is becoming an educational business and lots of corporate individuals are starting MBA campuses. Another bad part is that, they consider students just as a customer and will earn money from them in the form of donations and fees. The quality of education decrease and students won't get enough opportunities after the completion of course. In one year, lakhs and lakhs of students are passing out as MBA graduates and are not able to get expected jobs and packages. Lots of them are not able to repay their loan. These are all parts of the educational business. The strategy needs to be changed, the evaluation of each and every campus should be done and best should be given the affiliation.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

With India's economy and GDP booming in a positive direction, it won't be that difficult to say, that we should produce more number of mangers as required. This is because market is volatile and hence we need to understand, that it will be a tough task for people to get jobs. But, better booming and providing better directions can be useful. At this time, all the sectors are required to understand, what it is, that can make themselves sustainable and more useful. This can be done, if we have better mangers and by better mangers we mean better MBA students who can tell the real time application and understand the real time simulation to work the organization and work in better scenario. India at this point of time should produce qualitative mangers who can not only understand the market, but also come up with solutions to counter economic crisis and take the country towards a right path.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

We need managers who genuinely understand markets, their relationship to the public sector, and the philosophical, cultural, and social meanings of business growing global influence. We need leaders who fully grasp that markets, while highly efficient, are not fair, kind, or wise. The current market price, while efficient, is not essentially just it can, in fact, be rather cruel. For example, when a large retail chain comes to a town, pushing small businesses to close. We need leaders who are ready to face the trials of growing income inequality, unemployment, environmental influence, and cultural homogenization that modern business practices do not yet appropriately address. That's why India needs more, not less, business knowledge. It depends on it. So, the answer to this question is no.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

I personally think we need many more. India has some core economic issues: 1) High Unemployment: India's youth has massive unemployment rates, bordering at 30%, more jobs need to be created in companies. 2) Few companies: India has only 1.5 million registered companies v/s 18 million in the US and 76 million in China. 3) Shallow equity markets: India's equity markets are 1/4th of Japans and 1/15th of the US - a deep equity market helps growth. There are a few solutions to these: 1) Expanding companies: B-School students have been found to be excellent at building companies. 2) Creating companies: Some of the world’s largest companies have been founded by MBAs. 3) Raising capital: A large number of private equity/venture capital firms are run / assisted by MBAs. While this is not an endorsement for an MBA being the panacea for all problems, there is definitely merit in having business educated people in a country that needs more businesses.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

Absolutely, there are many colleges and universities at premier level and other low level college which are offering MBA program and are in taking student at large level into their program. A survey shows that each year India produces 3 lakh MBA graduates, hence interesting fact is that only 10% of them are employed in the company. The fact is that growth in number of universities and colleges have made it more in number. Some colleges and universities are just providing degree without any class or anything. They just want money but you can go for top B-schools for MBA as they provide good employment opportunities with hefty packages.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

India isn't producing more MBAs than required but it is surely producing less quality MBAs than required. The number of MBAs being produced is okay. But the quality of these students is not so good. Indians have a bad habit of glorifying one course and rushing to do it. The same is with B.Tech. So the quality of MBAs is produced is low and no company wants such unemployable people. So many of them remain jobless and then blame that MBA is a waste of time. Many engineers do MBA just for the sake of it. They think it will make them more employable. The thing is that unless you genuinely interested in management you shouldn't go for MBA. If you have genuine interest in Marketing, Finance or HR then surely go for MBA. But try to get into a good B-school which will actually help you gain some knowledge.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

Hi. Definitely, there is a shortage of jobs in country wherein all from science as well as non-science professional are looking to do MBA as a quick step towards to get a job. There is really a shortage of job in engineering colleges all over the country. Except IITs and good ranked Engineering colleges in India, other colleges are struggling for their existence. Therefore, MBA comes as their last hope where they go for MBA and try to grab a job in Sales, HR, System, etc. specializations. Yes, India is producing more MBA than required and also, it is hampering the quality of MBA professional because less focus is given to an individual in a management institute.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment