Is India producing more MBAs than required?
I personally think we need many more.
India has some core economic issues:
- High Unemployment: India’s youth has massive unemployment rates, bordering at 30%, more jobs need to be created in companies
- Few companies: India has only 1.5 million registered companies v/s 18 million in the US and 76 million in China
- Shallow equity markets: India’s equity markets are 1/4th of Japan’s and 1/15th of the US - a deep equity market helps growth
There are are a few solutions to these:
- Expanding companies: BSchool students have been found to be excellent at building companies
- Creating companies : Some of the worlds largest companies have been founded by MBAs
- Raising capital: A large number of private equity/venture capital firms are run/assisted by MBAs
While this is not an endorsement for an MBA being the panacea for all problems, there is definitely merit in having business educated people in a country that needs more businesses.
I blog about Venture Capital in India at Life of a Junior VC
Academic MCIPD | Heriot-Watt (EDI Caucus) | Erasmus+ Scholar | 2022 Fetzer MSR Scholar | Aspen 2020 IWT Recipient | Researcher (AI & EDI)
3yI believe the concern is employable qualified MBAs, we still don't have sufficient number is what my opinion is.
Product and Business Analysis@B2B SaaS | VC and Angel Investing
4yThe issue is, that the problems of both quantity and quality of employment in india stem from India's low position in the value chain. Unless the country as a whole becomes competitive, nothing is going to change. I don't see how printing more MBAs helps in improving the situation.
Member-Board of Management at Transparency International India
8yYes too many MBA's are floating around without employment. Many of them are underemployed which sends a very negative signal. Half of the MBA institutes need to shut shop.
Ex-Banker, Agro industry, SME/Agro Allied Banking, Warehousing, Rural Business, Aspiring Sociopreuner
8yactually India shud convert its all MBA and engg. colleges to ITI, and that too from 8th std. electrical PGdont know what is positive/negtaive in connection,it says all
Product Leader | IIM Ahmedabad & IIT Kharagpur | Eventbrite, Microsoft, Freshworks | Nominated for product led alliance global rising star award | Identity, Marketplace, SaaS & Platform
8yBatchmates from my Undergrad IIT Kharagpur produce exponentially larger set of Entrepreneurs compare to IIMA. Apart from opening doors, mba from IIM's don't add much value in terms of learning of you wan