Indian business students: facing challenges
MBA News Barbara Barkhausen / 01-02-2012
Fear of another financial crisis has caused a slowdown for enrolments at Indian business schools. The impact has been relatively low in the top institutes, but a majority of the approximately 4,000 schools in India are facing a shortage of students. In some cases, they have lost up to 50 per cent of their students according to IIM Calcutta director Shekhar Chaudhuri.
This news comes amidst very positive job placement statistics in India for 2011. The Indian Institute of Management in Lucknow (IIM-L), for example, achieved 100 per cent work placements for its 2011 class of 366 MBA students. Over 200 companies made a total of 528 offers, with a participation rate of 53 first-time recruiters. “There was a marked improvement in the placements that we achieved here at IIM-L in 2011 compared with 2010, both in terms of quality as well as the number of offers,’’ said Professor Rajesh Aithal, chairman of placements at IIM-L.
On the other side of the world, a new study from website Poets&Quants revealed that MBA applicants from India as well as China faced different hurdles in the U.S. Many top U.S. business schools accepted much higher percentages of American candidates as well as European or Latin American students. In some cases, the acceptance rate for U.S. citizens was four to five times higher than the rate of acceptance for Indian and Chinese applicants.