May 23, 2016

Higher Education in India, Quality Not Meeting Needs of Corporate World - ASSOCHAM

The quality of higher education in India across disciplines is poor and does not meet the needs of the corporate world, said ASSOCHAM Secretary General Mr D S Rawat in a report published by ASSOCHAM.

93 % MBAs are un-employable : 
Most of the management graduates and engineering graduates do not find jobs in the corporate world. 93 percent of MBAs passing out every year, excluding those from top 20 B Schools, are un-employable. Even if they find placement, the average salary goes less than Rs.10,000 per month, an ASSOCHAM study has pointed out.

Huge Expenses and Low Salaries : 
For MBA from a tire B or C B-school, on average, an students spends approx Rs.3 lakh to Rs. 5 Lakh only in terms of institution fee for a 2 Year MBA programme. Adding other expenses like, preparation coaching, migration and hostel expenses and other misc. expenses, the total expenditure in 2 years surpass approx. Rs. 7 lakh each student. 
While at the end of the tenure, either most of these management graduates either fail to get a job immediately or has to work at the salary between Rs. 8,000 to Rs.10,000 per month. 
Even the quality of IIM/IIT students coming out now compared to the last 15 years has come down due to the quality of school education. 

Source : IndianExpress
80 % of Engineering Graduates, unemployable : 
Educational institutions train millions of youngsters but corporates often complain that they do not get the necessary skill and talent required for a job.
80% of the engineering graduates are unemployable, says Aspiring Minds National Employability Report, which is based on a study of more than 1,50,000 engineering students who graduated in 2015 from over 650 colleges. A majority of these graduates come from tier-III and tier-IV colleges, which have very poor infrastructure, they added. Most of these either doesn't find a job or has to satisfy with a job, way to below the tech. qualification and desired salary. 

20-30 % engineering graduates passing out every year, do not find jobs : ASSOCHAM
Of the 15 lakh engineering graduates India produces every year, 20-30% of them do not find jobs and many other get jobs well below their technical qualification.
There is clearly a rush towards engineering, that which is engineered largely by parents and the society.  But, Indian economy is not growing at the same rate as the number of engineers passing out every year. Between 50% to 70% of engineering graduates are absorbed by IT sector.
 97% of engineers aspire for a core IT and Engineering job. However, only 18.43% employable in IT & 7.49% in core engineering, adds the paper. Rest either has to struggle for the job or get a job way to below their qualification. 



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