Over the last month, B-schoolers have received seemingly contradictory news. Some articles bemoan the 바카라crisis바카라 facing them, others talk up expected placements. This is the season when candidates start shortlisting B-schools to apply to, and companies start the process of recruitment of students. So are B-schools really doing badly? Is a B-school degree still relevant? What is the reality? How to sift reliably good news from the bad? The depressing view on B-schools was presented in an ASSOCHAM report that talks about B-schools closing down and difficulties students face in finding placement. It suggests a dual cause for this. Issues on the demand side, with economic slowdown and consequent reduction in hiring; and supply side issues like oversupply of management graduates, and inadequacies in the education of these graduates.
An ET article says placemeÂnts in top B-schools are likely to be good. Pre-placement offers are very strong this year, and the economy is looking up. I believe the report refers primarily to 2013 figures. The mood is more upbeat this year; placements should be better too. And Business Standard, again quoting ASSOCHAM, said 2013 had a capacity of 4,88,000 seats, and many B-schools closed. The reality is, there are too many seats, and too many graduates chasing too few jobs. All this is the inevitable downside of a boom. B-schools came to be seen as a 바카라good business바카라, and many were set up with basic infrastructure, inadequate teaching facilities and little industry linkage. Such institutes only deliver the MBA 바카라tag바카라. Recruiters do not hire a 바카라tag바카라, but a potential manager. They have a 바카라noise바카라 problem바카라too many graduates, too many institutes, and of such uneven calibre that it is impossible to grant a degree any sort of face-value, so to speak. They naturally endeavour to redÂuce noise바카라grading institutes, offering different job profiles and starting salaries, and staying with familiar institutes.
So what do recruiters look for? The 바카라dream recruit바카라 is one who is productive immediately. This implies a person who fits in the work and social environments, is able to lead as well as follow, works well in groups, has excellent communication, leadership and analytical skills, is knowledgeable and neither arrogant nor subservient. He/she should have a strong grasp of theory, be able to reason, and be able to use it in different situations! Such paragons are rare, but those who meet many of these parameters tend to do well. One issue cited often is students having high analytical skills, but poor soft and decision-making skills, even if they come from top institutes.
Recruiters we spoke to have a broad idea of what a good B-school is. It바카라s one where: a) the infrastructure is good, and the entry screening is strong바카라so students are bright; b) there is diversity바카라social/geographic, of gender and entry streams바카라to ensure an easier 바카라fit바카라 acrÂoss domains, and a healthy ability to handle 바카라situations바카라; c) a strong faculty helps build theoretical undeÂrstanding into a practical orientation; d) there is a strong exposure to industry; e) course structures are relevant to industry; f) a large proportion of students already have work experience as they 바카라are mature, easier to integrÂate바카라, and relate better to situations and people; g) offer 바카라stable바카라 recruits바카라that is, those who don바카라t 바카라job hop바카라. MBAs are said to 바카라be stable only in their third job바카라.
Recruiters are showing an increasing proclivity towards graduates of one-year courÂses, who tend to have worked before. Professors too say theory is easier for them, as they can relate it to real-life work experience. Recruiters judge value on what students deliver vis-a-vis starting salaries and the stability of recruits. High salary and low stability is the ultimate destroyer of value. Witness the communications industry, which now hires undergraduates from good colleges, and not MBAs who need 바카라training for industry fit and are unstable to boot바카라. Investing in graduates provides better roi, and may ensure greater stability.
Fact is, industry needs a 바카라plug and play바카라 creature. Institutes need to focus on orienting their courses so students learn to handle real situations, improve EQ and soft skills and 바카라finish바카라, besides giving students a theoretical framework. Industry is prepared to help in this; it바카라s an investment in 바카라relevance바카라.
A.K. Balaji Prasad, Market researcher
(Balaji is MD, Drshti Strategic Research Services)
