Only a small proportion of students who graduated with MBAs from institutes across the country this year are employable, says a new survey. Of those surveyed, only 2.5% were employable in business consulting while 7.9% were good enough to get jobs as analysts; 6.9% were employable in marketing-related jobs.
The employability percentage was higher for human resource (HR) positions where 9.6% of those surveyed were found suitable. For the banking and finance sector, 7.6% of those surveyed were found to be employable.
The employability test, a combination of English and quantitative skills, analytical abilities and domain-specific knowledge, was given by 32,000 students from the MBA class of 2011 in more than 22 business schools.
The voluntary test, called the Aspiring Minds Computer Adaptive Test, was conducted by Aspiring Minds, an employability measurement company, between April and September at tier-I and tier-II business schools across the country and the findings were released on Monday.
“People enroll in MBAs to specialise in a particular domain, but many people don’t even know that domain, which is a cause for concern,” said Varun Aggarwal, chief operating officer and chief technology officer, Aspiring Minds.
Employability of male and female candidates who took the test was roughly the same, except that women did significantly better in HR. While 11.3% of the women surveyed were found to be employable in HR roles, the figure was 8.2% for men.
The National Employability Report is the first such report released by the company for MBA graduates. “The findings are absolutely true,” said Joseph Devasia, managing partner, Antal International, a mid-to-senior level executive recruitment firm.
“The trouble with MBA education is that there isn’t enough practical experience for students, except perhaps at top schools,” he said.