Average MBA salary 10k at most Bschools

I was taking a workshop at a B School in Mumbai when I was shocked to see that hardly 5 students out of the batch of 120 were willing to come forward to speak on the topic which made me remember ASSOCHAM study about quality of students doing MBA in India. In the last five years, the number of B-school seats in India has tripled. In 2016, India had 5500 Business Schools offered a total of 5,20,000 seats in MBA courses, compared to 3,60,000 in 2011-12. Barring a handful of top business schools, most of the 5,500 business schools in India are producing “unemployable” sub-par graduates, earning less than Rs 10,000 a month if at all they find placements, an ASSOCHAM study has said. Average = Total income of students who got placed / Total students in college The report blames the lack of quality control and infrastructure, low-paying jobs through campus placement and poor faculty as the major reasons behind India’s unfolding B-school disaster. India has at least 5,500 B-schools operational at present, but including unapproved institutes could take that number much higher, the report by Assocham said, expressing concern over the decay in the standards of these B-schools. “Only 7 per cent of MBA graduates from Indian business schools, excluding those from the top 20 schools, get a job straight after completing their course,” report said. The report observed that while on an average each student spends nearly Rs 5 to 8 lakh on a two-year MBA programme, their current monthly salary is a measly Rs 8,000 to Rs 10,000. Quality of the students passing out has come down due to the quality of school education. The faculty is also another problem as few people enter the teaching profession due to low salaries and the entire eco-system needs to be revamped,” said the report. “The quality of higher education in India across disciplines is poor and does not meet the needs of the corporate world,” Assocham Secretary General D S Rawat said. Source: Indianexpress