Only 10% management graduates employable: Assocham

LUCKNOW: A recent survey by the Associated Chambers of Commerce and Industry of India ( ASSOCHAM) has revealed that over 180 management colleges had closed down in 2012, even in major cities such as Mumbai, Lucknow and Bangalore while another 160 struggled for survival. Only 10 per cent of the students graduating from these colleges were found employable. Considering the economic slowdown and a tough job market,  MBA aspirants are becoming reluctant to opt for management degree. Instead, short term specialization courses are now becoming the most sought after. Specialization courses are a boon for the younger generation as they are fine tuned to meet the market demand. Specialized courses help students with better job prospects and enable them escalate the hierarchy ladder in an organization. Not only one gets to learn many new things from these various courses but also increases the experience and skill sets of an individual. These courses add value to the candidate in many ways. They are job oriented and can be easily afforded by students in every strata of the society. In fact many students feel that in spite of paying a significant amount of fee to get their MBA qualification, they are not able to leverage the value of their MBA degree. Source: TOI