Lack Of Industry Exposure Proves Costly For Indian Management Grads

Bangalore: Lack of industry exposure and functional experience proved to be costly for the recent management graduates from the country, as it was seen as a red flag for employment, said a survey conducted by the Graduate Management Admission Council (GMAC), reports Rica Bhattacharyya of ET Bureau. 

As per the findings of the survey, lack of industry exposure, inadequate pay and over-qualification are the main hindrance that prevented Indian management students from landing a job in 2013. A staggering 47 percent of the respondents cited the lack of industry exposure as the main reason behind their inability to land a job, while both inability to find a job that pays enough and over-qualification fetched 29 percent votes respectively.

On a positive note, Gregg Schoenfeld, Director, management education research at GMAC, said that all is not gloomy from MBA grads from India. A healthy 87 percent of Indian management students surveyed are employed, out of which 83 percent are working for an employer and 4 percent are self-employed. When it comes to pay, the starting pay-packages for MBA grads from the country in 2013 is approximate $34,988, which is in line with the global standards.

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