After Maharashtra, Delhi, and other states, Bangalore also feels the crisis of scarcity of students in MBA classes. It was quite shocking and surprising to see so many vacancies after a consecutive boom for a decade. The sudden disinterest worries B-schools because it is greatly difficult to maintain top lines and bottom lines in light of such a lukewarm response. Managing MBA School is a costly affair, and a college can expect high profitability only when the seats are fully occupied. Even a drop of 10 percent makes a huge difference. There are several reasons for MBA seats in Bangalore remain unfilled this year.
Does it show that the craze is over?
Well, some people who have been a critic of MBA course find a strong reason to say that the craze of MBA is over now. They feel that students don’t find it exciting further. High availability of MBA colleges and drop in the initial package offered to freshers make it no interesting further. Every year thousands of substandard colleges pop-up where poor quality of education is offered. The infrastructure is pathetic, and faculty is low standard.
However, there are quite a few experts who feel that the hit is faced by substandard institutes only. Good quality MBA schools still attract a large number of students and there is a big rush for the limited vacancies. It means that the craze of MBA is still at the peak. The only thing is, students become skeptical and choosy. They do not want to get MBA degree just for the sake of formality, but there is an urge of acquiring in-depth knowledge of the subjects.
Placement becomes a critical aspect
It seems that MBA course follows the footsteps of Engineering as far as placements are concerned. Gone are the days when MBA topper had two or three appointment letters in the kitty. Today, they find it tough to explore a company that justifies their degree. Market segments, negative connotation, and drop in the GDP also affect it directly. It is quite surprising that the big global factors affect trivial factors like admissions in MBA. However, there is a direct correlation between the economic stability of the country and it is one of the prominent reasons for MBA seats in Bangalore remain unfilled.
As the country shows stable government and improved economic policies, it seems that the situation would turnaround next year hopefully.
The scarcity of students is worry for Bangalore Management colleges. They seek more interstate and foreign students every year.