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Home>Blog>MBA News>Growth in Indian Business Schools Outweighs Student Demand
Growth in Indian Business Schools Outweighs Student Demand
Indian business schools in the state of Maharashtra have reported that more than two-thirds of its MBA positions have been left vacant this year.
The news from the state, of which Mumbai is the capital, may come as a surprise considering the country’s surge in employer demand for MBAs in recent years. In fact, the 2012/13 QS TopMBA.com Jobs and Salary Trends Report shows that India has now moved ahead of the USA in the number of MBA jobs available to its graduates.
However, new Indian business schools – particularly those outside large cities – seem to be struggling to attract enough students. Applicants are wary of choosing schools without established reputations because of the impact it might have on their future job prospects. This has led to closures across the country as well as an increasing possibility that a cap will be put on the number of MBA positions each business school can offer, depending on its credentials.
Future remains bright for leading Indian business schools
Of course, India’s leading business schools are unlikely to be afraid of the competition at present. One reason for this being their high placing in the2012/13 QS Global 200 Business Schools, with IIM Ahmedabad ranked as the number one school in the Asia-Pacific region.
In a recent survey by GMAC, MBA graduates from 18 business schools including the Indian School of Business as well as three of the prestigious Indian Institutes of Management, were canvassed. The results showed that 80% of graduates felt that their MBA program had given them a competitive edge in the job market.
Furthermore, it was found that MBA graduates of the two year full-time program could expect to enjoy a salary hike of 122% upon completion of their studies. This is much higher than the class of 2013 global average of a 79% increase in salary.
However, the 2012/13 QS TopMBA.com Jobs and Salary Trends Report shows that Indian MBA graduate salaries are currently amongst the lowest in Asia. But, with the MBA job market continuing to boom and local companies tending to recruit from within Indian business schools, the suggestion is that this will not remain the case forever.
Growth in Indian Business Schools Outweighs Student Demand
By QS Contributor
Updated UpdatedIndian business schools in the state of Maharashtra have reported that more than two-thirds of its MBA positions have been left vacant this year.
The news from the state, of which Mumbai is the capital, may come as a surprise considering the country’s surge in employer demand for MBAs in recent years. In fact, the 2012/13 QS TopMBA.com Jobs and Salary Trends Report shows that India has now moved ahead of the USA in the number of MBA jobs available to its graduates.
However, new Indian business schools – particularly those outside large cities – seem to be struggling to attract enough students. Applicants are wary of choosing schools without established reputations because of the impact it might have on their future job prospects. This has led to closures across the country as well as an increasing possibility that a cap will be put on the number of MBA positions each business school can offer, depending on its credentials.
Future remains bright for leading Indian business schools
Of course, India’s leading business schools are unlikely to be afraid of the competition at present. One reason for this being their high placing in the 2012/13 QS Global 200 Business Schools, with IIM Ahmedabad ranked as the number one school in the Asia-Pacific region.
In a recent survey by GMAC, MBA graduates from 18 business schools including the Indian School of Business as well as three of the prestigious Indian Institutes of Management, were canvassed. The results showed that 80% of graduates felt that their MBA program had given them a competitive edge in the job market.
Furthermore, it was found that MBA graduates of the two year full-time program could expect to enjoy a salary hike of 122% upon completion of their studies. This is much higher than the class of 2013 global average of a 79% increase in salary.
However, the 2012/13 QS TopMBA.com Jobs and Salary Trends Report shows that Indian MBA graduate salaries are currently amongst the lowest in Asia. But, with the MBA job market continuing to boom and local companies tending to recruit from within Indian business schools, the suggestion is that this will not remain the case forever.
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