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.
If you feel that each student that takes admission in Post graduation program in Management is clear about the career path, then you are totally mistaken. It is unbelievable but true that a majority of the students are just not clear about their future. They are not even in a position of deciding about their specialization. It is not a situation of Tier 2 or 3 cities in India, but in metros and Tier 1 cities as well. Some students go for it just because their friends have opted for it. Some get the admission because they think that lucrative packages are offered during the campus selection. Some students look at it just a way of getting a job opportunity.
Management schools also play a role in image building
Yes, it is quite true. Many mediocre or low-grade management schools or institutes highlight the positive aspects and high salary levels to attract the students. They provide facts that aren’t true always. They make big claims about 100 percent placements in top-notch companies. It is not true always. Some of them are still searching for better jobs. Some talk about the exorbitant pay scales being offered to their students. Sometimes, they publish photographs or names of students or previous batches. Students get trapped in the propaganda and seek admission in the so-called ‘Number one’ school offering the best Post graduation program in management.
Decide your priorities first
Don’t pursue the degree in Management just for the sake of doing it. You should have a clear mind about it. Find out the subjects that you like the most. Look at the job prospects and career scope. If you have a liking for business finance, then do not take Human Resources or Marketing as specialization subjects even if your best friend opts for it. Those who want to look for opportunities abroad must know about the future scenario three years down the line.
A few specialization subjects and their scope
Top institutes that offer Post graduation program in Management have the following subjects as specialization.
- Human Resources
- Business Finance
- International business
- Foreign Trade
- Information Technology
- Strategic management
It is very much important that MBA students know about the career prospects. Seeking admission to the top-notch college isn’t sufficient, but shaping a good future depends on how seriously one looks towards it? Only hard work and persistence bring phenomenal results. The city Bangalore houses very reputed management colleges.
The post graduation Management degree in Bangalore gives the students ample employment opportunities in India and abroad.