Employment and Employability of MBA Graduates: Departure from Clamor to March towards Glamour

Abstract

Some of the reasons for unemployability of MBA graduates are not strictly within the domain of management institutes. Management institutes are expected to do much just because very little is done in school and colleges. To forget that time constraints operates in the management institutes also is not a wise policy by any reckoning. This is not to say that management institutes have no any share in the current predicament of unemployment of a very large number of their own products. B schools with poor infrastructure, incompetent teachers and outdated curriculum have done enormous damage to the cause of management education. Some silver linings are now visible. For another decade or so, the infrastructure sector will be growing with its variegated requirements of governance and management. Urbanization would increase avenues for entrepreneurship and management compare to what is possible in dispersed rural areas. India is emerging as the hub of manufacturing activities. New employment opportunities will arise for MBA graduates as the growth rate of the Indian economy picks up. B-schools need to prepare students with employability to deserve new opportunities in various sectors. The management institutes can play their role effectively only if they enjoy autonomy. While the state owned IIMs enjoy a high degree of autonomy, the privately owned management institutes are deprived of the same. This indeed paradoxical.