There is an oft-quoted statistic. According to an Associated Chambers of Commerce and Industry of India study, only 7 per cent of Indian business school graduates, outside the top schools, are actually employable. This raises some pertinent questions as to why the remaining 93 per cent are still functional. It also raises concern as to why the magazines doing B-Schools articles do not highlight this issue.
Maybe, one day, we will see an article titled ‘Top 100 MBA Colleges students should avoid’. Magazines looking at B-schools need to furnish an explanation as to the reason for such a large deviation in the top 100 colleges. It wasn’t too long ago when a college which exhorted students to ‘dare to dream beyond the IIMs’ found a top ranking mention in many of these magazines, forcing many students to stop dreaming and wake up. Let’s use the college student-college-company (CCC) perspective framework to raise more pertinent issues.
College student perspective
Why do an MBA at all? Doing an MBA is not just about salaries or job offers but developing multiple perspectives on the same issue, as also the ability to ask the right questions. Doing an MBA after graduation or doing an MBA after reasonable work experience also raises the issue about the futility of graduation. Why would anyone in their right minds want to study for two more years after completing three to four years of graduation and 12 years of schooling?
But once we have worked a few years in a corporate, we begin to realise our areas of interest and the skills we lack. And yearn to go back to college days and wish we had paid more attention in class. Wouldn’t it make far more sense to do an MBA with some work experience under our belt after which we are in a better position to appreciate and apply the lessons? If the objective is to indeed increase learning, nothing beats a full-time MBA as compared to a part-time MBA. Having decided to pursue an MBA course it makes sense to weigh Indian MBA degrees as opposed to doing an MBA from the US/Europe. Especially, in light of the fact that most of the global companies are looking at India as the most attractive investment destination.
