Indian students no longer give preference to MBA and engineering as career options.
It is still too early for a
developing country like India to see the two most influential careers fade away
because of the shortages of the jobs in the field. And it is even more toxic as
the majority of India’s population is still the youth. The two most raging
career options in our country are MBA and engineering but the current scenario
of the multinational companies firing their employees without any reason. Nirmal Singh Lotus says that the
education system in the past few years noticed a lot of changes in its patterns
and also their admission status. Understanding the insecurity in the jobs, even
the students are now opting for different careers than just MBA and engineering
and are looking for options where they would be more secure and sure about their
future.
Nirmal Singh Lotus says that MBA and engineering colleges offered
high packages to their students and this motivated a lot of them to get
admission in the best B school and the top most engineering colleges. The
entire process to crack the exams like CAT and JEE was to get admission in the
best colleges so that they could get placed in the best organizations and with
best packages.
But the pace at which the
companies are firing their employees, it is difficult to analyze whether the
placements provided by the colleges would be permanent or not. Nirmal Singh Lotus says that with a
high percentage of unemployment already in the country, the entire process of
the companies shutting down, transfer their employees or the firing of them
just adds to the misery of the youth in the country.
Except from the top 20 MBA
institutes, the percentage of the placements in the B schools is less than 7%,
not even 50. Nirmal Singh Lotus says
that just 7% means that a major chunk of students would be unemployed and their
education and the time spent in the college would go waste. And the youth
understands that. That is the reason why they are not willing to take
admissions in the B schools other than the top 20 institutes.
MBA and Engineering were the two
pillars of the growth in our economy. Nirmal
Singh Lotus says that the shutting down of these options is a clear
indication of the country moving towards a worrisome situation of recession and
shows the inability of the government to provide Jobs in an economy where there
most valuable asset, the human resources are lying idle.
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