Dear Students,
LAST WEEK WE ASKED: Do you think good placements will increase demand for management education?
BEST RESPONSE
The number of CAT applicants had gone up from 50,000 in the year 2000 to 270,000 in the year 2008. This was because of the good placements that the graduates from premier B-schools had secured. With the global financial recovery, there has been a double digit increase in the average placement package in all good B-schools. This increase in the placement figures would certainly lead to an increase in the demand for management education which has been on the fall since 2008; the year the world witnessed a financial meltdown.
- Sanket Agrawal, Institute of Management, Nirma University (IMNU), Ahmedabad.
OTHER RESPONSES
As we all know that recession had reduced the jobs and increased unemployment all over the world. At present, India is on the peak as it is growing rapidly and making its identity in global face. Simultaneously opportunities of job have increased and as a result there are more placements through campus selection. All this have had a positive impact on students who are seeking a bright career. As management education can pave a path of success in this competitive global world, students will get attracted towards the same.
- Nikita Verma, MBA, Roorkee Engineering and Management Technology Institute, Muzaffarnagar.
Yes it will surely attract people for management education. The ultimate aim of any management student is to secure a good placement and ensure a better future. With changing life style, tastes and buying behaviour of the people expenses are shooting up and there comes the need of hefty pay packages and management education plays an instrument to achieve the same. When a student decides which B-school to secure admission in, the most likely preference would be B-school with the best placement offers. Moreover, stronger the alumni base, higher the brand value, and the alumni base is stronger only if they are placed at respected designations. Placements have the power to increase the admissions manifold.
- Varsha Khanchandani, Institute of Management, Nirma University (IMNU), Ahmedabad.
The management institutes must have a consistent record of good campus placements held in their premises so that there are many takers to their seats. Campus placements are not only meant to earn a living but also to prepare a student after he/she completes the prescribed course. While it is the responsibility of institutes to support the candidate in his endeavour to deliver and excel, the companies concerned conducting such placements are also expected to grant adequate exposures to candidates.
- Arvind Umashankar, B.Tech (Chemical), Visvesvaraya National Institute of Technology (VNIT), Nagpur.
Quantitatively, Indian management institutes might boast of producing the largest number of graduates in the world but the quality of a significant number among them is questionable and so is their long-term viability. Unfortunately, the most important criterion for the credibility of a school has been achieving good placement results. Thus, more attention is being paid to the placement activities than the academics. The result is obvious: many B-schools have converted themselves as more of "placement agencies" than institutes of academic excellence. Simply put, i''s a vicious circle: even if academic delivery during the two-year stay at institute is inadequate, few good students become good managers, while rest of them try for all possible jobs through campus placement process, irrespective of huge incidences of job hopping in long run. This distorted but good placement figure facilitate attraction of more students next year, leading to increased demand for management education.
- Ridim Agarwal, PGDM- BE, Entrepreneurship Development Institute of India (EDI), Ahmedabad.
The placement in B Schools is directly proportional to the demand for the seats in the management institutes. This has been amply demonstrated by the proven and leading institutes like IIMs, and ISB, among others. After all the very purpose of taking up MBA courses is to secure good and remunerative package after finishing it. So the MDIs use their placement records as their USP. The corporates, parents and the students vie with one another to secure admissions in well known B-schools where there is scope to get campus placements with substantial salaries. This is why many such institutions widely advertise prominently their achievements in terms of plum jobs they could secure for their students rather than projecting their other strengths like learned faculty, library, computer labs and other facilities.
- J Saranya, Rai Business School, Chennai.
The immense opportunities an MBA programme opens in front of the students lead more and more students to opt for the same. Placements are the raison d’être for the students to take admission in B school. The popularity of today's B-schools rests to a certain extent on their placement records, and B-school aspirants look forward to the release of the placement reports and take decisions based on these. Placements at the B school have always stirred up much interest due to the attractive pay packages offered to students.
- Nilaya Mitsah Shanker, BTech, Shri Ram Swaroop Memorial College Of Engineering and Management (SRMCEM), Lucknow.
Good placements and management education maintains a directly proportional relationship to each other. In other words, working professionals placed in good position at the campuses would definitely result in rise in applications for MBA. Fear of insecurity in future force professionals and aspirants to take the least amount of risks. Hence, good placements will increase the demand for management education with aspirants finding a path towards a secured future through such MBA programmes.
- Babita Singhal, Shri Shikshayatan College, Kolkata.
In India, not only students but also parents are on the lookout for renowned management education institutes to let their children receive a better education and great career prospects. The main reason for an increase in the demand for management education is the fact that on passing out from a top MBA college students will get guaranteed placement in top notch MNCs and large blue chip corporations. Top B schools in India has always believed in imparting knowledge that is factual and meets the expectations of the changing market trend. They provide hands on experience and practical training that helps students to build a strong relationship with the corporate sector. What's more, thousands of students have earned stipends during their traineeship programmes with big MNC's, international companies as well as renowned Indian companies.
- Preethi Hari, MBA, Symbiosis Institute of Management, Pune.
Your responses should reach us at edu@business-standard.com by Tuesday evening every week. Please ensure that your response does not exceed 150 words. Avoid attachments and email your full name institute's name, year, batch and complete mailing address for your entries to be accepted. The student who gives the 'Best Response' will be awarded Rs 500.
THIS WEEK'S QUESTION:
Do you think NSDC's tie up with engineering colleges will help meet the skill gap in engineering graduates?
