The Indian Institutes of Management’s online registration for the IIM CAT 2020 exam is now open. Lakhs of aspirants will fight it out to secure the coveted seat in IIM, or other desirable MBA colleges, to get one step closer to securing their dream jobs. But what if I told you your fancy B-school degrees are becoming increasingly irrelevant in today’s fast-changing world, and that India’s MBA-IIM obsession is merely a consumerist demand created by the education sector?
The death bells of doing an MBA have been sounding for a while now. According to an All India Council for Technical Education (AICTE) report, more than half of MBA graduates failed to secure a campus placement in 2016-17. Apart from the general job crisis in the country, the outdated curriculum has been cited as one of the reasons these institutes fail to woo companies looking to hire.
It turns out, the Return on Investment for a lot of management courses is quite poor. An MBA from non top-tier college costs somewhere around Rs 8-12 lakh, but only fetches a job that pays on an average Rs 40,000 per month. Don’t forget the costly CAT coaching classes, which can run up to Rs 75,000 a year. In contrast, vocational courses cost much, much less, which means you not only recover the total investment a lot sooner but also start making more money.
Since IIMs, considered the crème de la crème, have produced noteworthy alumni, who now head global conglomerates, and an average graduate enjoys enjoy a hefty package of Rs 20 lakh per annum or more, the craze refuses to die. But it’s worth noting just how many young Indians actually secure admission in top management colleges.
More than two lakh students battle it out every year for a little over 3,200 seats in the ‘dream factories’ of India. The competition is so stiff that even those with 99 percentile CAT scores fail to make the eligibility cut for IIM interviews. And MBA degrees from tier-2 or 3 colleges are only likely to give you diminishing returns.
The cut-throat competition to enter top colleges has given way to the booming markets of coaching centres, who perpetuate positive sentiments for these degrees and market them as an almost sacrosanct part of your life. So there might be a glut of management institutes, courses and students, but the saturated market will still profit from you from becoming another tiny droplet in the ocean of MBA graduates.
Also read: Mukesh Ambani’s online cult is growing. Everyone loves a desi, patriotic, sanskari billionaire
MBAs don’t make CEOs
The chief executive officers (CEOs) aren’t made in colleges, but on office floors where experience holds more value than a degree. An MBA might be able to give you a headstart, but it can’t guarantee the topmost position.
Even Google CEO Sundar Pichai warned students of this obsession with doing an MBA from IIMs. “I get very surprised that people get into the IITs and immediately they are thinking about IIMs and so on..” Pichai had said in a conversation with students at his alma mater, IIT Kharagpur.
An MBA is often seen as a guarantor of success, at least when it comes to earning massive salaries and making it to the top position in a company. But consider this: the 2016 Mint analysis of the top 500 companies on Bombay Stock Exchange (BSE) showed that only 144 CEOs of 466 companies had an MBA. A 2017 survey showed that only 28 per cent of India’s CEOs have a master’s degree in business. We should also note that the ‘Forbes Billionaires List’ of 2020 found that among the top 100, only 11 hold an MBA degree.
There must be something amiss in MBA courses, or something so redundant and useless about them that industrialists like Azim Premji and Mukesh Ambani, albeit privileged students for sure, left their courses at top business schools mid-way. If MBA courses did offer the value they promise, we wouldn’t be here after all.
It’s funny how Ambani, the richest man in Asia, left his MBA degree at Stanford University, while his brother Anil Ambani, who is now bankrupt, went on to complete his degree from Wharton. If MBAs courses did teach you how to run businesses impeccably, the situation would have been slightly different here, don’t you think?
The people mentioned above acquired their parents’ business, one might argue. But even successful start-up founders like Vijay Shekhar Sharma (Paytm), Byju Raveendran (Byjus) and Ritesh Agarwal (OYO) — all non-MBAs — prove it’s the idea that counts. And good ideas don’t seek a degree before coming to you.
The times are changing, many job creators now look for specific skillsets, instead of going by the book and picking the first MBA who walks through their door. Many of these colleges also teach students outdated and obsolete curriculum that’s way behind the curve of change. For all the focus on the dynamic nature of business that these courses obsess over, they bring little dynamism to their own courses. In a volatile market, leaving a fresh employee with a bunch of Peter Drucker or Philip Kotler theories, and some business jargon in their pocket won’t really be of much use.
Also read: 2020 has been a forgettable year for most, but not for Mukesh Ambani and Reliance Jio
The illogical IIT-IIM combo
Indians hate taking the road less-travelled. Even though the relevance of MBA is decreasing, the course fee is sky-rocketing and people are still willing to dole out lakhs and lakhs, in dreams of an average-paying day job.
We’re too busy adding yet another brick to the wall to stop and weigh the alternatives. So often parents want their kid to to follow the 6-step outdated plan devised to crack ‘success’:
- 10th mein padhai, phir aish he aish (Study in the 10th grade, and then you can chill forever)
- Opt for science or leave the house
- IIT, then you’ll earn more than you can spend
- IIM, then you’re a guaranteed crorepati
- Bag an average, secure job (in this economy, really?)
- Die
While choosing subject streams in Class 11, we are made to believe our choice will determine the direction our lives take. More often than not, we are forced to take science, but are not told all paths will eventually meet at the doors of MBA colleges. It’s true, you’ll most likely meet your science section friend standing in the same queue as you for a business school interview. The natural precursor to pursuing MBA should be a BBA (Bachelor of Business Administration), but it is, quite strangely, BTech (Bachelor of Technology).
About 87 per cent students who have enrolled in IIM Bangalore’s post-graduate (PG) programme for 2020 are engineering students; 55 per cent of CAT applicants this year were engineers, while all 11 of the 100 percentile scorers were either BE/BTech students.
One of the people who lived the ‘Indian dream’, but found fame and happiness in an alt career, is Chetan Bhagat. But in his words, he wasn’t ever happy. The IIT-IIM grad left his high-paying job to write sub-par literature. And while people like me can criticise his work, it is an undeniable fact that he is successful, and one of the most recognised Indian authors in English today. To do something he loved and live a life on his own terms, he didn’t need an IIM degree. In fact, he probably would have written more nuanced books had he studied English or one of those wretched Arts subjects. Who knows!
Views are personal.
bRAVO… NOT ONLY HAVE YOU solved one of the most complex mysteries of the universe , you have instantly doubled the capacity and halved the cost for global success.
See, it goes like this Anil Ambani did a full 2 yr MBA and was a failure. Mukesh dropped out after 1 year and is a superstar. Therefore the key to making billions is clearly dropping out after 1 year from a 2 yr program. Now the smart thing to do would be for all 2 yr MBA schools is to “allow” people to drop out after 1 year. And since they do not need to run the second year, the resources can be used to double the first year capacity ,. PLUS the cost to the students would also be halved !! brilliant., don’t you think !!
Definitely top-grade hare-brained thinking. !
cc: The Print>> This ” Views are personal.” does not absolve you from publishing crap.
Mate Mukesh Ambani went to America for an MBA, he may or may not have completed it is a different story entirely. And he had a secure “job” no matter what.
So kindly do your research
I read this article and I was deeply saddened. Wait let me complete, not at MBA but at this stupid joke of an article. Bechari ka IIM nahi hua aur idhar rant karke paise kama rahi. Good going sis.
-No degree is good or bad. It’s upto you to decide what you can squeeze out of it.
-Our father is not Dhirubhai Ambani
-Only those who have completed MBA know It’s true worth, the nights you don’t sleep, you research, you attend seminars, you indulge in result oriented discussions, you look for efficient solutions to management problems
It is not expected anyway the ‘journalist’ here will understand thia anyway. Keep ranting and living your pitiful life sis .
I read this article and I was deeply saddened. Wait let me complete, not at MBA but at this stupid joke of an article. Bechari ka IIM nahi hua aur idhar rant karke paise kama rahi. Good going sis.
-No degree is good or bad. It’s upto you to decide what you can squeeze out of it.
-Our father is not Dhirubhai Ambani
-Only those who have completed MBA know It’s true worth, the nights you don’t sleep, you research, you attend seminars, you indulge in result oriented discussions, you look for efficient solutions to management problems
It is not expected anyway the ‘journalist’ here will understand thia anyway. Keep ranting and living your pitiful life sis .
Open invitation to author to debate. Defeat me and I’ll pay you 10,000 INR. You lose and apologize for this bull****.
I am from a tier 2 college. “SCIT”
I’ll say MBA is worth all its hype. Let me explain.
Let me tell you MBA is not one size fits all , the job you land is combination of skills , previous work, marks , college etc. So saying only IIM do good is being shallow.
1)I have good friends in top IIM and they have upwards of 25 lpa.
2) at SCIT I have friends with good academics , communication skills and work experience landing jobs on an average of 15 lpa.
3) beyond package. The learning you get in a b school will set you up for life. Teamwork, communication, how to present yourself , personal development, leadership, decipline are some of the life skills you learn beyond the curriculum.
4) AI/ML and SaaS – due to increasing automation the market for engineers is about to shrink but management level jobs are something which cannot be replaced by AI atleast not in the next 10 years. Companies might require less engineers but they surely require MBAs to manage their growing buisness.
It’s sad that this article is trying to quantify MBA as good or bad , you simply can’t label it one as if it’s one size fits all. MBA graduates from IIMs could remain jobless and a teir 2 college can give you good jobs. it’s probability and not just 0 or 1.
A small fact is Missing. You need to have Dhirubai Ambani as a father. Or higher classes parents like those of Ritesh Aggarwal. For middle classes to scale up the corporate ladder, MBA is a significant stepping stone.
There’s no clear analysis to this article. Clearly taken an outlier like Mr. Ambani as an example is misleading and of poor taste. There’s no perfect degree or eduction anywhere, but the MBA has proven to be one of the highest ROI in terms of value in India. It does depend on where you do it but to say look at this person he didn’t have an MBA, hence you can be that too is laughable. Poor journalism is when you don’t factor in all the variables.
Haha my sis had a good run…she scored 88 percentile in cat and got one of the government mba college with meagre fees just like fms Delhi…we thought that she will again struggle for job, but she got 7-8 lakh job after her mba, the college did had 100% near placement, with average 7-8 lakh placement,,but the twist is here, now after her graduation in just 1 month she got 18 lakhs +2 lakhs (bonus) job, that job was off-campus, it came to recruit in IIM B too, I am happy for her, the company senses gifts on her birthday and diwali, and gives food coupons too….
Which govt college did you get like fms?HKUNA MATTA
Please tell college name
MBA is important for learning and dealing with Business environment. But schools of learning in different locations and be it pvt or public should be respected. Only talking hysterically about IIM , 99 percentile, and placement is an oblique view which disrespect cause of education.
A very informative article. Media and newspapers only mention about top 5 or 6 MBAs ( from IIMs) who are getting very good offers . What about the fate of other batch mates ? Are all of them equally successful ? How many of them set up their own businesses and hold a large MNC ?
I think doing a professional course like Chartered Accountancy or CMA will be equally rewarding. Even more rewarding. A Chartered Accountant can verify and sign the Financial Statements. An MBA does not have that power.
Shameless article, must be written by a person who failed to secure admission in IIM or any good institute. Making his or her living by writing shitty articles.
Whatever you’ve written is absolutely true. Don’t care about these comments. All do MBA for hefty packages. If you’re strong Technically, then you will be paid 20L in few years. Those who can’t reach 20LPA in few years go for MBA.
I agree , if you are true to what field you have done like me Audio engineering….and pursue it to perfection, you get paid more than an MBA , and have peace of mind of not having to play dirty politics.
But MBA is added advantage, if you can do it then education is never a waste
I skimmed through the article and I got the gist of it.
I do not agree with what you have written, your point of view is narrow and you are only judging MBA by the salary one gets at the end of it, what do you think IIM is ? A job agency ? ITS NOT
Maybe most people seek admissions for high paying jobs but it offers much more than that, too much to explain in a comment so I urge you to find it out yourself.
For me it has been a great journey and those who dream to be there should pay no heed to these kind of articles
It always depends upon the mindset and planning and strategy of a person.
So this article is 10% satisfactory and 90% is absolutely wrong
Good article Subhangi Misra. But i beg to differ. CEOs are indeed made in Corporates but the seeds are sown in B-schools. May be none of the CEOs you mentioned didn’t go to any B schools but i am pretty sure ( and you can verify) that they did get the business education via other means such as executive MBAs or Management Development Programs. If MBA wasn’t important then these guys just wasted their time. Better to ask these CEOs and articukate the data than just seeing only one aspect of whole scenario.
We must exercise caution about calling Mukesh Ambani, an evil, despotic and immoral person, as a successful and good businessman.
Yeah, the grapes are sour?
This is an article by someone who could not make it to the good b-schools and spreading the propaganda that how worthless is prusuing MBA. Nothing less expected from ThePrint, allowing such pathetic thoughts to be shared, as it always does.
Idiots undermining the value of education.
Many of the comments are downright brow beating. A personal attack on author because she has different point of view. Rather than engaging in discussion, attempts have been made to denigrate her hypothetical inability to secure admission.
Alas, that is the state of “debate” in India these days.
Many of the comments are downright brow beating. A personal attack on author because she has different point of view. Rather than engaging in discussion, attempts have been made to denigrate her hypothetical inability to secure admission.
Why talk of MBA as a route to success? Sometimes a 10 th standard education in Gujarathi medium and a fake diploma from Delhi University does the trick !!
Yes, Hard work better than Harvard.
There is a typical tendency i have found among a majority of Indians, especially those who take up humanities and are interested in giving UPSC exams of hating the IIT IIM combo because it is seen as a brahmanical practice. They hate the fact that such graduates have more money and lead comfortable lives. According to them enterprise and innovation is ‘haram’ and everybody should take up government jobs and basically lead a life of security and luxury on taxpayers expense. The author of this article seems to be of such mindset.
1) It is strange if IITs and IIMs are seen as ‘brahmanical’! I have not seen anyone having this tendency as you described, but even if there are, how can you say that the author is such? There is no evidence for it.
2) The author has clearly given the evidence that those who do MBA don’t not necessarily earn more than those who don’t.
3) People in the corporate sector in management positions earn a lot but don’t necessarily live comfortable lives. Their work is often stressful, because of which some of them after some years leave those jobs for other fields.
About 40 years ago, I was a freshly minted MBA. A PSU executive director , with a liberal arts qualifications went on a rant against MBAs. My question to him was, If you want to go to Russia which language would you prefer to learn ? Russian or Spanish ?
Similarly if you wanted to be a journalist what qualifications would you seek ? Journalism or biochemistry?
There remains the question of quality. Yes it is there. But it is there in every field. A good journalist would research well before writing a bad one would only rant with cherry picked numbers.
That point about qualifications is true for professional and government jobs, such as medicals, engineerings, pure sciences, architecture, etc. but not so much for business as business is of private sector and hence anyone with resources and skills can attempt to start a business and anyone with experience can apply for corresponding level jobs in companies if they can demonstrate that they have the capability.
Certainly it does not make much sense for technologists to pursue management jobs, just as it does not make much sense for management persons to pursue literature jobs. It will be good if the education and curriculum of MBA colleges is improved, to make their students suitable for the jobs.
95% of these MBA’s products are not ready, including IIM’s. We should charge them spoon feeding fees before on-boarding for the sake of time spent with Organization. I am boss and can really appreciate the article facts.
I am not am MBA..but I am looking foward to be one..here in Kenya it matters to some extent…..but in the real sense there is no substantial reason to why I must have to be successful.
1. Most Indian CEOs are from a family run business. They dont need an MBA. including Mukesh Ambani. Professionally run companies are a rarity in India.
I am sure Mukesh Ambani himself hires lot of MBAs.
2. Business in India runs via racketeering. Including start ups like Paytm and their close links with BJP.
3. There are more successful MBAs than business owners. And not every MBA aspire to be a CEO.
4. Running a business/org requires professional knowledge and skills. An MBA produces professional Managers. What they do with their careers is their responsibility alone. Its not the fault of the training if they dont become successful. For example not every MBBS is a Dr Naresh Trehan, does that mean MBBS is a worthless degree?
5. A professional manager/executive is different from a owner/ founder/ innovator. Eg: Dara Khosrawshai vs Travis Kalanick or Tim Cook Vs Steve Jobs. Many times a owner founder looks to hire a professional manager to run a company. Eg: Sheryl Sandberg was hired by Zuckerberg for Facebook – otherwise it would have gone the Uber way.
5. Companies that have changed their hiring criteria and do not necessarily include MBAs are doing more so at the entry level jobs or 5-7 years experience category. When it comes to running a professional business a professional manager is highly sought after. A scan of LinkedIn job listings prove that.
Mr Andre: Your comment:
“.. Business in India runs via racketeering. Including start ups like Paytm and their close links with BJP ..”
sums up the success criteria for any business in India. From the lowly corner shop to the large factory, political patronage is an essential ingredient to running a successful business in India. And that is something that has been a constant, regardless of political party in power.
The corner store owner in the street in Madras where my parents livetold me that has to pay a “donation” when the local MLA comes calling. After all in addition to paying a bribe when your papers get stuck in some obscure government office, you need an MLA to fall back upon should things get tangled don’t you? And unless you cough up money to schemes like Swachch Bharath, PM Cares and so on you are often not assured smooth sailing in the choppy waters of Indian business. And that is something foreign investors bear in mind when they consider FDI in India.
The best way to disprove the entire analysis can be done just by looking at the “numbers”. As a large part of the article talks about how irrelevant an mba ends up being by basing it on idiotic lists such as the TOP 100 richest people or so.
One can simply make a list of the top 100 richest people in the 1980s compared to now, the number of MBA grads making it to the list would be even lower then. This does suggest an upward trend for people who are MBA grads.
Another way the author manages to oversee a core flaw in his articles is the sheer intake of students by top b schools. The author only feels an mba from an IIM is worth it and therefore uses 3200 as the annual intake for top b schools. But this just shows how poorly the article was researched in the first place. The fact that he fails to consider other top b schools in India such as fms Delhi, jbims, spjimr, and other such private as well as govt universities is a failure in his part. Because if such consideration is truly given, the intake crosses well over the 10k mark.
The author also needs to realize that people like the Ambanis didn’t get into a top b school because of them having appeared for a GMAT and showing their 700+ GMAT scores. They got in because of their profile.
MBA isn’t something that makes sense for people who are running their multi crore businesses,but for the indian who comes from a middle class family who needs it to have a seat at the table with the upper 1% of the Indian strata.
One last data mishap made by the author is the fact that he is when he talks about the number of the top CEOs in the world. Another way to look at this data point is to acquire the number of non MBA grads who are in a top position out of the total number of people who are non MBA grads. And similarly, the number of MBA grads in top positions out of the total number MBA grads in the world. This result alone would disprove the entirety of the article.
We need good journalism in this work which is promoting fake news. Please try a better hand at it the next time.
Only an MBA can understand the worth of doing an MBA.
Well, tide the time, a full time or course adjusted management degree with advanced curriculum prepares farsighted managerial skills with culmination of experience adds value to any organization, however I myself do not have a Master’s degree but did a flyer program from IIMs and have had a great experiential learning, so the choice is to invest wisely, no college is good or bad, but every student should prepare themselves for the life learning roles and objectives. Learning is infinite and a management degree prepares one for honing better domain specific skills, decision making, instead of generalizing please draw it down to specifics. Management education adds value but the culture which is bred in the country that tier colleges, outdated syllabus, disconnect in student mentorship, no assessment of students have made them less hired.
The journalist should point out that major draw back is that ministries, educational reformists, policymakers, industries across have not been able to formulate apprenticeship with new or existing industries for fresh and experienced graduates, please highlight such disconnect so that further actions can be well received by stalwarts.
Selective presentation of facts do not make up a credible story…median/avg salary levels of MBA based on tenure after graduation compared to other professions like yours, govt jobs would have been a good start…btw you sound jealous of his success
Sundar Pichai and Satya Nadella – MBAs
Raghuram Rajan – IIT – IIM
If you don’t know the value these institutions deliver towards nation building and how hard aspirants work for and during MBA. Then, don’t use such platforms for sharing your thoughts.
Narendra Modi: 10th Standard in Gujarathi medium. Apparently, a graduate from Delhi University. Need I say more Mr Rajat?
nation building ? or USA building ?
Realist: When corruption, cronysim, reservations and political influence is needed for advancing your career in India, do you blame people for being forced to do a “Quit India” ? And didn’t Raghuram Rajan not come back to India to work as Governor of RBI until the all-knowing Gujarathi kick him out ?
Fair point but the thing is investments need infrastructure which might not be available anywhere so yes, the degree takes precedence
It’s absolutely perfect point of view..Itd only Indians specially based in India who are obsessed with MBA after getting their technical degrees…And in 40/50 years what have IIM produced ? Nothing worthy …they are not in the top 100 specializing as limited to India and its political culture..All IIM grads or corporate big wigs ultimately have to stand in line to salute the much illiterate politicians…..which can be done without getting an MBA degree…India’s politicians and PM are the best examples…A degree from IIT is gone wasted …all innovations that science & technology may have been expecting from the the IIT gets void due to IIM. No doubt Indian science and technology is now at the bottom of pits …nothing worthy coming up. An IIT- IIM graduate at the most can look forward towards a middle management position, where he presents unrealistic statistics loaded with unethical jargon so businesses can secure bank loans or Overhyped stock values for short term profits, that ensures a salary, club & drinks everyday, nights of pleasure and can demand from the poor parents of a prospective bride unaffordable dowry….sad isn’t it ? But that’s India devalued now where people just want to crorepati at any cost ?
Definitely written by a bitter loser. Yes entrepreneurship does not require a MBA, but that doesn’t undermine the entrepreneurial mindset of the most brilliant individuals in the country. Even the ones who end up with the average paying day job, their perseverance cant be disregarded. Mukesh Ambani leads a company run by several MBAs but so does every other successful enentreprenur, often late a lot of them are from IITs and IIMs.
MBA training has been a soft skill scam since the beginning. If you spend the same time working diligently you will learn more. Had 4 IIM grads reporting to me at a stage and the only value they brought to the table was their stick up their a%%. Btw why kick poor chetan in the end. Ever thought is pop writing was a conscious decision with his knowledge of market considering his MBA
The writer is a classic example of a loser and……A C- grade writer devoid of logic and like a cat drinking milk ( not his own) with his eyes closed.
Such a short sighted and bigotry article against MBA with misleading facts. She says “only” 28 % of CEOS have MBAs. Well, who said doing an MBA is a ticket to becoming a CEO. They are so many other functions for which MBA is not just a nice to have but a must-have. Top notch Business Analysts, Market Analysts, Customer success etc. need the professional grooming in this ultra competitive world. Not everyone is blessed as Jeff Bezos or Bill Gates to pick the ropes through experience within a short span of time. The author makes a poor case for the irrelevancy of MBA by comparing outliers (super performers, some of whom didn’t even complete their Under Graduate courses) with the statistical median in the bell curve ! Maybe, she tried hard in vain to get into IIM and drained lots of money down the hole. The article stronly reeks of sour grapes.
Well written, but somehow seems to fall short.
A lot of the statistics presented are those which pertain to the leaders of industry, and while yes, a Mukesh Ambani or Azim Premji may have dropped out of their MBA course, they probably learnt more at home, coming from their business backgrounds.
As far as the CEOs of the top 500 organisations are concerned, a lot of them would currently be in their 50s, and considering that the MBA course was not as prevalent 30 years back as it is now, it is but natural that most of them do not hold a business degree.
Lastly, it has been rightly pointed out that the most successful startup Czars are the ones are those whose ideas clicked, but an MBA is less about disruption and innovation and more about sustainability. While few make it big in the startup arena, many startup ventures shut shop due to the lack of business acumen.
This comment is not meant to dismiss the author’s argument. There are some interesting insights in the opinion piece too. I would appreciate a follow up article though that plugs some of the gaps in this one with a much more detailed analysis on why the all that the MBA brings, especially the ones from top tier B-Schools is snob value, not success.
Full disclosure: This perspective is from the eyes of a non-engineer, non-IIM MBA
Ms Mishra, we understand your pain – after we all have read the story of the fox and the grapes. Studying MBA by trading off a possibility to earn – is not always an easy decision and moreover people who do MBA don’t always do it for “HIGH PAYING JOBS”. Some do it to be eligible for a job of their dreams too. A work they wish to do. IIMs in India and a few more Tier 1 colleges across the globe offer a value that you cannot generalize by sitting at your desk writing this piece – Business is a very uncertain. I hope you know that much. Not everyone wishes to become a BusinessMan/Business Woman. And successful MBA Grads are many – Heard the names of KV Kamath sir or Raghuram Rajan sir? They are not doing business.
Is a degree in Entire Political Science any good?
It looks like the author was shunned off by all IIT/IIMs, ended up taking humanities and then when push came to shove, ended up writing 3rd rate
articles as above so as to earn a penny. Self-explanatory.
Wonderful Article . Atleast someone in the journalism lobbies is writing the right stuff unlike the sellouts .
This point of view is often shunned by many but one should ask them : Where is our right to education if there are only 3200 seats worth fighting for ?
IIM or MBA is neither necessary or sufficient condition for success. Rather than loosing heart one can look for opportunities what ever they do rather than blindly follow.. which is majority is…
Writer seems to be not even completed any degree …. Mr. Shekhar Gupta you need to keep watch on such writing from The print . I am dan of The print ..but now doubt after reading this article.
Couldn’t understand how media is published such inhuman theory on Education. Being an ex Marketing Executive in Tata Group, I strongly feel MBA student has his own capability to take any challenge in the corporate world in spite of changing the world business. MBA student is more capable to think, implement and more so can run independent business. Here, I must say Govt. support is greatly essential to carry forward their dreams to create opportunity in the coming days.
This article is not even worth reading ..as the writer seems to be not at all have some idea what’s is MBA and comparing that with family run businesses with few exceptions …this is absolute insult to whole educational system.