The survey, conducted by industry body Associated Chambers of Commerce and Industry of India (Assocham), has sobering statistics. It seems that only 10 per cent of graduates from Indian business schools, excluding those from the top 20 schools, get a job straight after completing the course, compared with 54 per cent in 2008, it says. Moreover, recruitment at campuses saw a steep 40 per cent decline in 2012, it says, and B-schools are now no more the top draw for students.
As the matter of fact, poor on-campus placements at many business schools in the country is resulting in a drastic decline in the demand for MBA courses, according to a survey, which says the only exceptions are the Indian Institutes of Management or IIMs and a few other top schools. Which further has resulted in more than 180 B-schools having to shut shop in 2012, including some based in metros like Delhi, Mumbai and Bangalore. Another 160 B-schools are struggling for survival and might shut down this year, the survey says.
As rightly said, Don't look at an MBA degree as a prestige tag for professional success. If you really want to do an MBA course, evaluate your current position, long-term goals and finances.
Its high time that we start thinking logically rather than hunting for prestige factor!