87% MBAs get top jobs: G­MAC survey

 

Chennai: A survey by the US - Graduate Management Admission Council (G­MAC) has revealed that 87 per cent of Indian MBA students who graduated this year were placed in top companies.

 

The GMAC exit survey of graduating manag­em­e­nt students was conducted among students in 129 business schools around the world.

 

The survey also rev­ealed that a third of In­di­an citizens (33 per cent) wo­rk outside India with the remaining working in Ind­ia for multi national companies. “Indian students who graduated fro­m full-time, M­BA programme reported a median starting salary of USD 34,988 (about Rs 21,88,500) per year. Former Indian Institute of Management (IIM), Ranc­hi, director and executive dire­ctor of VIT Uni­vers­ity, Prof M.J. Xavier, questioned the rationale of the survey.

 

“GMAC says that 87 per cent of the MBAs are placed in top companies, but  the scenario is not so. The percentage of MBA graduates getting placed has come down to 60 per cent ,while the data is limited to a small group of business schools,” he said. Pointing out that more number of Indian students who aspire to do management studies get admitted to several foreign business schools, the former IIM director said India lacked opportunities for management gra­duate students who could afford expensive education and go abroad for MBA programmes. “We see this number going up and students migrate to the U.S. for opportunities even as their economy is still tumbling,” he added.