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One survey report says that Indian MBAs lack industrial experience, and hence, they are not able to survive in the fast world or in the pressure of the organization. Once they join an organization, their marks and certificates do not matter, and the work
environment is much different from the academic environment. In India, there are more than 1600 MBA colleges. The standard of MBA from the institutions other than the leading B-schools (like IIMs) is not upto the mark; a good MBA student should have a combination of both academic and social capabilities. She/he should have both qualitative and quantitative analysis capabilities, and be able to make informed decisions. Since she/he is heading for a position in management, leadership potential and some persuasive ability is also important. She/he should be able to work well with others (team-work) and should have strong oral and written communication skills. She/he should be organized and responsible. The internship and the meaningless summer project that they usually undergo / undertake should be improved to give real world experence to the students.

The Associated Chambers of Commerce & Industry of India (ASSOCHAM), the country's leading commerce organization, issued the Business Barometer study sometime back. It found that beyond the top 30 institutions, most professors and lecturers in Indian business schools are ignorant of the world's major economic trends and key developments, such as the sub-prime crisis in the U.S. Few read business publications. Setting a high standard for Indian business schools by satisfying a quality-accrediting agency would be an important step for Indian business schools; an improved accreditation process would have a ripple effect on all Indian business schools.

Business education is booming in India, but the bulk of rank-and-file programs in the country suffer from outdated text-books, professors who do not keep up with economic trends, and narrow curriculums, according to a recently released report by an Indian business group. The pay packages offered to graduates of top Indian business schools and those provided to graduates of lesser institutions vary a great deal.

Real World Experience

A recurring theme in entry-level job search is the lack of experience factor. "Where do I get experience if no one is willing to hire me?" Many students focus exclusively on seeking paid work experience as the only path to gaining resume experience. Be careful not to box yourself into this limited focus. As an active Hiring Manager, I look at any experience one may have accumulated to date, whether full-time or part-time, paid or unpaid.

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* Contributed by -
S. Rajesh,
Final Year MBA Student,
SNR School of Management Science, Coimbatore.
Article posted on August 30, 2008.