Shocking! More Than 200 B-Schools Shut Shop In 2013

As India is struggling through its longest period of below 5 per cent economic growth, the sluggish economy is not only killing jobs, but several B-schools are going to an extent of shutting down on full time basis as parents and students are not willing to spend their time and several lakhs of money in a course that is not leading to employment in any way.

Assocham Secretary General D S Rawat said, "Many parents and students are re-thinking on investing two to three years and several lakhs in a course, with the demand and placement of MBA graduates not as good as before due to slowdown. Around 450 institutions have become defunct as they are not getting enough students to be viable."

The survey also pointed out that candidates applying for the common admission test for securing entry into top notch b-schools like the IIMs and others have also been declining since the last two years. The survey said."The total number CAT applicants stood at 1.85 lakh in 2014, compared with 1.94 lakh in 2013, while MBA seats in the country rose from 95,000 in 2006-07 to 4,68,000 in 2013."
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