CHENNAI: India may be churning out lots of business management graduates but how many of them are effective employee material? According to a nationwide study of marks secured by 2264 MBAs who sat for tests by recruiting companies, only 21% were found to be actually employable. Conducted by MeriTrac, the latest figures show a sharp decline - the last such survey done in 2007 placed employability at 25%.
Drawn from over 100 B-Schools beyond the Top 25 in the country, the students who were covered by the survey were tested for verbal ability, quantitative ability and reasoning. This despite the fact that more and more B-schools are mushrooming across the country churning out hundreds upon thousands of freshly-minted MBAs every year. An examination of the 'AICTE Approval Process Hand Book: 2012-13' reveals that the number of MBA seats in India has jumped nearly four times - from 94704 in 2006-07 to 352571 in 2011-12. That works out to a 5-year compounded annual growth rate of 30%. Read more
Source : timesofindia.indiatimes.com