Employability of MBA Graduates on the Decline

Bangalore: Only a tiny percentage of students who graduated with MBAs this year from various institutes across the country are employable, according to a new National Employability Report. Only 2.5 percent are employable in business consulting while 7.9 percent are employable as analysts and 6.9 percent are employable in marketing related jobs.

The survey reveals that the employability percentage for human resource (HR) positions was higher with 9.6 percent of the respondents being employable. For the banking and finance sector, 7.6 percent of those surveyed were found to be employable, reported Hindustan Times.

The voluntary test - Aspiring Minds Computer Adaptive Test was conducted by Aspiring Minds, an employability measurement company, between April and September this year at tier-I and tier-II business schools. The employability test comprised of a combination of English, quantitative skills, analytical abilities and domain-specific knowledge, which was given by 32,000 students from the MBA class of 2011 in more than 22 business schools across the country.

Varun Aggarwal, chief operating officer and chief technology officer, Aspiring Minds said “People enroll in MBAs to specialise in a particular domain, but many people don’t even know that domain, which is a cause for concern,” as reported by Hindustan Times.

It was further noted that employability of male and female candidates who took the test was approximately the same, apart from the fact that women did considerably better in HR. It was noted that 11.3 percent of the women surveyed were found to be employable in HR roles, while the figure was 8.2 percent for men.

Joseph Devasia, managing partner, Antal International, a mid-to-senior level executive recruitment firm said that “The trouble with MBA education is that there isn’t enough practical experience for students, except perhaps at top schools,” as reported by HT.

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