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The issues and challenges in Indian business
schools have two faces. The challenges of
the top 50 B-Schools are quite similar
or can be `roughly' clubbed into one group, and
the problems and challenges of the rest of the B-schools can be clubbed into another
group. However, the generalization would not be
the `complete truth', and every B-school, would
also have its unique set of challenges.
The fact that over one lakh students graduate every year from the 1,500 plus B-Schools in
India is a number which anyone can boast of. With
the amount of educated talent available, it should
be very easy for corporates to get the set of
people they want. However, the industry raises a
serious doubt on the `quality' of many of these
B-school graduates. The industry expresses concern on
the employability of these graduates. The employability percentage is not more than 5
to 10% of the total number of pass outs. So, out
of these lakh who graduate from the B-Schools,
only about 10,000 students are employable. Even if
we consider this estimate to be very realistic,
the figures would not be higher than double this number. So, what happens to the
remaining 80,000? So, companies are always in a state
of deficiency when it comes to manpower. Although raising capital from the market might be easy,
but getting the right kind of talent for the job is
always very difficult. According to a report in The Hindu Business Line "Nearly 80% of the Indian
business owners included in the survey admitted to
being focussed on attracting and retaining staff last
year, mainly due to tightening of the labor markets
and shortage of skilled workers." This creates a
huge deficiency in the requirement of talented "managers", who can confidently take up
the challenge to run a business.
Apart from these top 50 odd B-Schools, which constitute a miniscule 3% of the total B-Schools
in India, all the remaining other schools are a
big cause of concern, in terms of the
employability. The industries do not accept them, and are
offered jobs, which are either menial, or are treated at
par with those offered to graduates. The salary structure, the profile in the corporate world is
very insignificant, considering the level of education
to which a student has undergone. The dreams fail to turn into reality and haunt them. The
students have `nowhere' to go, but continue with
this apathy. There are very few who are able to make
a `good' initial break. Getting into a B-School
which is not in the top 50 does not create much difference. It is akin to not having a
postgraduate degree in business.
Anything beyond this top 50 is at the `Bottom of the pyramid'. There is no `thin' line
of difference, but the gap is huge and difficult
to bridge. These colleges, which are at the bottom 97%, comprise the bigger chunk. |
