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 percent of MBA graduates from Indian business schools, excluding those from the top 20 schools, get a job straight after completing their course," it found. The report says that only 7 percent of the MBA graduates are actually employable.
"Around 220 B-schools have shut down in the last two years in Delhi-NCR (National Capital Region), Mumbai, Kolkata, Bangalore, Ahmedabad, Lucknow, Hyderabad, Dehradun etc. and at least 120 more are expected to wind up in 2016.

"Low education quality coupled with the economic slowdown, from 2014 to 2016, campus recruitments have gone down by a whopping 45 percent," the study revealed.
In the last five years, the number of B-school seats has tripled. In 2015-16, these schools offered a total of 5,20,000 seats in MBA courses, compared to 3,60,000 in 2011-12.
The report observed that while on an average each student spends nearly Rs 3-5 lakh on a two-year MBA programme, their current monthly salary is a measly Rs 8,000 to Rs 10,000.


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