Hotly contested His situation could have been very different if he had graduated from one of the country's best business schools, such as the Indian Institutes of Management (IIMs). Students there are often recruited even before they finish their courses, with some getting multiple job offers. This year, the average pay offered to students from India's top ranked business school IIM Ahmedabad was $25,000. It is no wonder that there is intense competition to get into these institutes. MBA aspirant Nikhil Cherian has been attending lessons at the Triumphant Institute of Management Education (TIME) coaching centre in Bangalore. "I think I'll make it to at least one of the top 20 schools, but if I don't I won't just go to any college," says Nikhil. "I'll wait and take the exam again. The market is so low that if we don't get a degree from a reputed institute, there is no guarantee of a decent job." A report from financial research agency CRISIL says increasing awareness among students about the quality of education may result in a number of business schools closing down over the next couple of years.
'Rubbish' students Industry insiders says the problem goes further than the management institutes. The quality of higher education in India across disciplines is poor, they argue, and does not meet the needs of the corporate world. This may be reflected in the fact that not a single Indian college made it to the top 200 in the recently published Times Higher Education World University Rankings.
"The top 25% of students are pretty good, the next 25% are passable, but the remaining 50% are rubbish," says Mohandas Pai, the former head of human resources at Infosys, one of India's largest software firms.
"I feel sorry for those kids. I feel sorry for the money their parents have spent because they're not getting anything in these lower rung institutions." In the past few years, Nasscom, which represents IT firms in India, has said that three out of every four engineering graduates in the country are unemployable.
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Mr Pai says this is because the government controls the university curriculum and does not allow it to be revised regularly to keep up with the needs of the industry. There is also the problem of the shortage of teachers, says Prof Pankaj Chandra, director of IIM Bangalore. "In India, teaching is made very unattractive. Remuneration for professors is low. We need to develop a system where academics are valued.
Hotly contested His situation could have been very different if he had graduated from one of the country's best business schools, such as the Indian Institutes of Management (IIMs). Students there are often recruited even before they finish their courses, with some getting multiple job offers. This year, the average pay offered to students from India's top ranked business school IIM Ahmedabad was $25,000. It is no wonder that there is intense competition to get into these institutes. MBA aspirant Nikhil Cherian has been attending lessons at the Triumphant Institute of Management Education (TIME) coaching centre in Bangalore. "I think I'll make it to at least one of the top 20 schools, but if I don't I won't just go to any college," says Nikhil. "I'll wait and take the exam again. The market is so low that if we don't get a degree from a reputed institute, there is no guarantee of a decent job." A report from financial research agency CRISIL says increasing awareness among students about the quality of education may result in a number of business schools closing down over the next couple of years.
'Rubbish' students Industry insiders says the problem goes further than the management institutes. The quality of higher education in India across disciplines is poor, they argue, and does not meet the needs of the corporate world. This may be reflected in the fact that not a single Indian college made it to the top 200 in the recently published Times Higher Education World University Rankings.
"The top 25% of students are pretty good, the next 25% are passable, but the remaining 50% are rubbish," says Mohandas Pai, the former head of human resources at Infosys, one of India's largest software firms.
"I feel sorry for those kids. I feel sorry for the money their parents have spent because they're not getting anything in these lower rung institutions." In the past few years, Nasscom, which represents IT firms in India, has said that three out of every four engineering graduates in the country are unemployable.
50
Mr Pai says this is because the government controls the university curriculum and does not allow it to be revised regularly to keep up with the needs of the industry. There is also the problem of the shortage of teachers, says Prof Pankaj Chandra, director of IIM Bangalore. "In India, teaching is made very unattractive. Remuneration for professors is low. We need to develop a system where academics are valued.
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