Monday, October 15, 2012

Employability of MBA graduates at dismal low: Report

Employability of MBA graduates across specialisations is at a dismal low, says the National Employability Report MBA Graduates, Annual Report 2012 by Aspiring Minds. While employability is below 10% for functional role in the field of HR, marketing or finance, in business consulting roles, it is as low as 2.5%. The study also revealed that a higher percentage of females are employable in HR roles and that 40% of employable talent lies beyond the top 1000 MBA colleges.

The report on the graduate class of 2011 covering data of 32,000 students from 220-plus MBA schools has been done using AMCAT, an employability test conducted by Aspiring Minds. Employability of MBAs was lowest in business consulting, followed by analyst and functional roles.

"The low employability figures show that management students and colleges need personalised employability feedback and guidance to take the right corrective steps. This shall not only lead to more students getting jobs, but also addressing the large talent needs of our growing industry," said Varun Aggarwal, COO and CTO, Aspiring Minds in a release.

Management education has witnessed a mushrooming growth in India from just about 200 MBA colleges in the early nineties to around 3300 MBA colleges today. However, employability for management students ranges between 10 20% for roles involving sales and client servicing.

Employability of MBA graduates is exceptionally low (2.52%) in business consulting whereas it is just 7.98% for the analyst function. Great English and cognitive skills are required for these roles. The report found that employability in corporate (B2B) sales (10.56%) is almost half of that in consumer (B2C) sales (21.72%). The employability for customer service roles is 16.01%. In these roles, behavioral and personality aspects of the candidates play an indispensible role.

While marketing records the lowest employability at around 6.99%, BFSI (7.69%) and HR jobs (9.63%) follow closely. Only 7.69% MBA-finance students are employable in the BFSI sector, which has created a very large number of jobs in the last decade. The employability in the area of Operations is 15.04%, which is nearly half of that in the ITeS/BPO sector.

Source: The Economic Times (Online Edition), October 15, 2012

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