Irrespective of few top business schools like the IIMs, most B-schools in the country are producing sub-par graduates who are mostly unemployed or earning less than Rs 10,000 a month in a job.
The question is what makes a graduate employable in a management or business role in a company and what skills these graduates bring to the board. Defining employability skills in these roles, which require public interaction and individuals management, is not simple. In contrast to the role of engineering graduates, where cognitive and functional skills are enough to succeed in a job, a multifaceted mix of personality attribute and spoken and written language skills become more important in quantifying employability in the management space apart from cognitive and functional skills.
For example, if a person with great spoken English and logical ability, but without being extraverted will be unsuccessful in a sales position. Similarly, until he does not have good quality writing skills as well, he may not do well in a corporate sales position.
According to a report published by NASSCOM-McKinsey, only 26 percent of India’s engineering graduates were employable. Mr. Narayana Murthy, the former Chairman of Infosys, has questioned the worth of engineering graduates from Indian Institutes of Technology. An Associated Chambers of Commerce and Industry of India (ASSOCHAM) survey reported that only ten percent of MBA graduates from Indian B-schools get a job right after completing their course.
There are various reasons for poor employability of the graduates; it may be ranging from primary education, selection procedure in graduate colleges, out of dated curriculum and quality of teaching, student interest and lack of corporate environment. Unluckily, most of these reasons have some part to play in this critical issue.
There are no shortcuts to bridge this gap between employability skills and management graduates. However, instant recognition and quantification of the gap, short-term vocational and skill-based courses and long-term structural interventions in the education system can serve significantly in bridging this gap. There should be a positive approach to help to identify employability gaps, provide a quantitative and qualitative response at various levels though it may be an individual, institutional, local or national level to bridge the employability gap in a productive manner.
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Dr. Deepak Bansal,
IILM Academy of Higher Learning,