Master of Business Administration (MBA)
Layoffs and recessions at giant companies raise concerns about the employment of MBA graduates in the future. Companies are now looking for industry-ready candidates, not someone with only a degree. Management institutes or MBA colleges provide the industrial knowledge that will outclass the colleges with traditional study methods in terms of placements. We can see this happening now as some colleges have placements in crore and some MBA colleges barely manage to place a single student at a decent package. Let's find out the best MBA colleges for placements in India. Which further started gaining popularity and the number of MBA students at the Harvard business school went up to over 300.
By 1930, the tremendous rise of business schools were noticed and other parts of Europe soon offered MBA courses. Now, ASSOCHAM (Associated Chambers of Commerce of India and Ceylon) states that only India has over 5500 institutes offering MBA programs, and very few of them are having best placements in the industry.
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Unemployment is one of the major concerns in India regardless of having a reputed degree like an MBA. Also, that is not surprising at all as the standard of many management institutes is not up to the mark which makes it difficult for candidates to get a job. Reports of the Economic Times state that only 10% of MBA graduates in India are employable. According to ASSOCHAM, reasons for low employability can be attributed to excess supply of candidates, poor quality of assessment for approval by AICTE, under qualified faculty, lack of basic skills, lesser work experience, and lack of practical & problem solving skills of graduates.
So the placements are a key factor for aspirants while choosing their MBA Institute. Campus recruitments truly reflect the talent pool of the college and it brings opportunities and exposure for future students. This can be a life-changing decision
for every MBA applicant. So let us look at the ASSOCHAM Report on MBA employability.
The highlights of ASSOCHAM report of placement for MBA Colleges are:
- B and C categorized MBA colleges mount un-employable graduates.
- Barely 7% MBA graduates from non-IIMs are employable.
- Out of 8150 MBA colleges, most of the Institutes are producing below par MBAs.
- Students passing out from C and B category Business schools do not even earn a monthly salary of Rs 15000 or are not able to land up in an appropriate job.
- There is an apprehension due to falling values of these B-schools. They are not properly regulated.
- As per the data, while a student spends at least about Rs 5 to Rs 8 lakhs on the MBA program, they are able to earn only Rs 15,000 to Rs 20,000 monthly after graduation.
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Placement trends for 'A' category business schools
As per the placement trends of 2024 colleges such as IIMs, SPJIMR, Taxila Business School, Great Lakes, and IBS have outperformed other MBA colleges in terms of placements. Below are the insights on top management institutes placements to help candidates choose a better PGDM/MBA college for further studies.
The List of MBA Colleges offers best placement in the industry are:
There is an upward trend in the placements of MBA/PGDM colleges like IIMs, FMS, IIFT, SPJIMR, MDI, IMI, TAXILA, JBIMS, and IMT. The salary trends are also encouraging, taking into account the impelling slowdown in the economy.
Learn More About IIM Placements
MBA Placement:
The IIMs Ahmedabad, Bangalore, Calcutta, concluded their placements by February/March, but they publish placement reports only after IPRS Audit in the month of September. Some institutes have completed placements in the beginning of placement drive itself. A few of these Institutes were IIM Kozhikode, IIFT, SPJIMR, Taxila Business School and IMI among others.
Taxila Business School was entitled with the "Best Placement Award"by ASSOCHAM for Continuous 2018, 2019 and 2020