Master of Business Administration (MBA)
The MBA education saw its advent with the growth of industrialization. There was a need for professionals who could scientifically apply sciences and approaches to lead the business through the path of success. Harvard Graduate School of Business Management introduced the first MBA program in 1908. 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.Also Read: IIM Call Predictor Predict Colleges based on your CAT Cutoffs
A major concern for MBA aspirants is the lowering employability, as there is an overall fall in the standards of MBA graduates leading to fewer placements. Economic Times reported that a sheer 10 percent of B-school students are in fact 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 5500 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 10000 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 3 to Rs 5 lakhs on the MBA program, they are able to earn only Rs 8,000 to Rs 10,000 monthly after graduation.
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Placement trends for 'A' category business schools
According to the Placement Report 2019, of all Top Business Schools IIFT, IIM Kozhikode, SPJIMR, Taxila Business School Jaipur and Great Lakes Chennai have topped the charts by completing placements for their PGDM/MBA program. In order to support MBA applicants, here are some placement trends of 2019. This list below is based on data collected from college's official and/or other trusted websites.
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.
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