The data released by the Indian Institute of Management has an interesting trend to show. While there are several MBA colleges coming up and even premier management colleges like IIMs proposed, there has been a dip in the registrations for Common Admission Test (CAT), the entrance exam held for an MBA degree. From last year’s 1.95 lakh, the registrations have come down to 1.89 lakh this year. The year before last, the registrations stood at 2.14 lakh.
Experts feel that once considered a dream course, the management degree is losing its sheen. Students and experts are both of the view that it is the increasing supply and reducing demand for management graduates that is giving way to such a situation.
“For students who seriously want to pursue an MBA degree, getting placed in big institutes like IIM and ISB is very important. However, the problem arises when a lot of students opt for the course just to add a degree to their resume,” said Pallavi Sinha, an MBA aspirant.
Another student from a prestigious college in the city said, “When companies come to recruit us, they do not look for what text books teach us. There is a huge difference in what recruiters want and what we are taught.”
Pratibha Singh, Co-founder, Talks About People, a leading hiring consultancy firm, said, “Students from big B schools are placed really well. However, the problem is with smaller institutes which are responsible for diluting the quality of the course. There are colleges which give out degrees, which are later declared invalid by higher authorities. This hurts the image of the course.”
She added, “Companies now prefer people who before pursuing MBA have specialised in a certain filed and gained some experience. These aspirants have actually worked on the ground and have sound concepts, which doubles up with an MBA degree to land them big jobs.”