Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
»
2-min read

MBA and Engineering Losing their Grip on People Over Time

The IIMs and other top B-schools might still have their aura however the other B-schools have lost their charm. Today, one can find at least 1 B-school rather an institution offering the degree of MBA in every 20kms radius in small villages and towns which has resulted in the ignorance of quality control, hiring unqualified faculty along with poor infrastructure.

Contributor Content

Updated:August 17, 2017, 7:39 PM IST
facebookTwitterskypewhatsapp
MBA and Engineering Losing their Grip on People Over Time
File photo of IIM-Ahmedabad. Representative image.
Loading...

MBA from IIM is deemed to be a great accomplishment. IIM being a premium institution has over the years seen 100% placements, however according to an ASSOCHAM report out of the students enrolled into the top 20 B-schools, only 7% of the students from other colleges get placed immediately after getting their degree, such an enormous difference. Even if you manage to land a job, it doesn’t pay well.

“MBA” not long ago was something you must do, whether you’ve graduated in arts discipline or engineering or law or even MBBS, you must do MBA. WHY? Because you earn well, business will hire you in the split of a second, pay you whopping salaries and trust your financial wisdom blindly just because you have the MBA degree.

So what happened to this paramount status of MBA over time?

The IIMs and other top B-schools might still have their aura however the other B-schools have lost their charm. Today, one can find at least 1 B-school rather an institution offering the degree of MBA in every 20kms radius in small villages and towns which has resulted in the ignorance of quality control, hiring unqualified faculty along with poor infrastructure.

Another popular career choice more like the parents’ favorite in addition to MBA was engineering, which too is losing its supreme status. According to a McKinsey report out of the entire population of engineers only a quarter actually have the competence to be employed.

Engineering like MBA has faced similar problems primarily of the influx of students along with influx of engineering institutions and employment problems. Secondary problems for both include dearth of qualified faculty, ignorance of quality control, obsolete curricula, lagging in industry linkages, etc.

AICTE i.e. All India Council for Technical Education the regulatory body for technical education in India has taken a few steps recently for the betterment of quality of education like making 3 Internships mandatory for the engineering students while they are pursuing their course in addition to releasing a new updated curriculum for the course soon. It also decided that the curriculum will be revised every year along with encouraging startups by students, change in examination systems, ad-on courses that will develop a student’s technical and soft skills and most importantly regular training for teachers from time to time.

The claims of technological development are all a façade in the face of this issue, which is a matter of serious concern as the youth is the future of the country, the youth that is unemployed and whose output is zero when it comes to anything other than routine work. In addition to this, the helpless IT industry cannot be counted on to improve the situation as most of them have prospered by depending upon labor rather than on innovation and “real” development of Human Resources.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Ashish Yechury
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 550.75 -0.11
HDFC 2,100.00 -0.84
Reliance 1,278.00 -0.80
Yes Bank 79.45 3.79
HDFC Bank 2,227.70 -0.08
Company Price Change %Gain
SBI 290.95 0.38
Indiabulls Hsg 551.10 -0.04
Yes Bank 79.45 3.79
Maruti Suzuki 5,975.15 2.74
SpiceJet 143.50 3.02
Top Gainers
Company Price Change %Gain
UPL 549.05 4.14
Yes Bank 79.45 3.79
Power Grid Corp 211.15 2.92
Maruti Suzuki 5,975.05 2.73
IndusInd Bank 1,439.10 2.73
Company Price Change %Gain
Yes Bank 79.45 3.79
Power Grid Corp 211.25 2.85
Maruti Suzuki 5,975.15 2.74
IndusInd Bank 1,438.25 2.70
Axis Bank 675.55 1.86
Top Losers
Company Price Change %Gain
TCS 2,165.10 -1.78
Vedanta 144.40 -1.47
HCL Tech 1,062.75 -1.25
BPCL 351.20 -0.92
HDFC 2,100.00 -0.84
Company Price Change %Gain
TCS 2,163.50 -1.87
Vedanta 144.30 -1.54
HCL Tech 1,061.65 -1.37
HDFC 2,098.75 -0.91
Reliance 1,277.40 -0.85

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results