MBA curricula have emphasized knowledge and analytics, grounded in economics, statistics, applied mathematics, and social psychology. We believe a re-balancing is in order. We need to elevate the importance of practical skills and capabilities as well…"
The question still remains whether MBA programmes are providing as good training as they can to prepare managers for their careers."
The biggest mistake an employer can make in hiring a fresh masters of business administration graduate is selecting a candidate who has no work experience.... Why? Because an MBA is not an academic degree but a professional one. Unfortunately, the management profession... has chosen to hand out designations without making field experience a prerequisite."
Corporate India no longer wants to hire dummies who can do the job. Companies are now looking at hiring talent with a long-term view, necessitating their looking at more than functional competence."
Far from leaving their alma mater fully prepared for the workplace, B-school graduates need further training to fit in. Yet they think, and their employers hope, that they know it all…"
Companies are only open for those graduates who they think can deliver results quickly. The expectation benchmarks have risen. Companies are not keen on hiring students from institutes they are not familiar with."
The Economist magazine forecasts that out of the 85 million new jobs expected to be created in the next decade, 45 million will be in the Services Sector.
