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Half Of MBAs In India Fail To Land Jobs

Prospective MBA students in India may want to think twice before seeking an MBA to land a job in the country.

According to a recent story by The Times of India, almost one of two MBA graduates in the country is not placed into a job as unemployment continues to rise.

“You see some students who do not get placed take up small jobs; some others get placed in some company one or two years after graduating,” Anil Sahasrabudhe, chairman of the All India Council of Technical Education, tells The Times of India. “Now, with mandatory internships, we feel the situation will improve as the students will get some kind of training while studying.”

A drop in admissions has seen the closure of 233 B-schools, which no longer saw business sense in offering an MBA course. A 2016 study by the Associated Chambers of Commerce and Industry of India (Assocham), found that only 7% of graduates from Indian business schools land a job after graduation. The study highlighted that a “lack of quality control and infrastructure, low-paying jobs through campus placement, and poor faculty are the major reasons for India’s unfolding B-school disaster.”

In order to combat the statistics, the All India Council for Technical Education (AICTE) has recommended that curricula be revised every year and that three internships be made mandatory.

Sources: The Times of India, Associated Chambers of Commerce and Industry of India

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