Economic Gloom Keeps Aspirants Away From B-Schools; CAT Takers Down By 9 Pct

Jagdeep Chhokar, former Dean of IIM-Ahmedabad and current faculty at IIM-Udaipur, exclaimed that though high quality MBA education is still one on the most sought-after entities in the country, the recent global economic slump and overabundance of indifferent management education providers have paved way for the cynicism surrounding management education. He also added that, “The opening of new IIMs is also a devaluation of an IIM MBA”.     

In the words of K Swaminathan, CEO, myBskool.com, “The demand for management education has not gone down. Online management education has seen a 30 percent increase in enrolment. Around 3 lakh students have enrolled in our mini-MBA course in the last nine months".

S Sri Ganesh, founder of coaching institute Dreamchasers, claims that hefty fee at B-schools is a major hindrance that is holding aspirants back. To make  matters worse, the recent hike in fees has completely crippled the dreams of many. He added that, "Many prefer to take GMAT and pursue a management degree abroad which offers higher return on investment compared to getting an MBA degree in a second rung institute in the country".

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