Registrations for the state's common entrance test (CET) for MBA and MMS have seen a 30% increase this year, demonstrating that Bschools are back in favour.
In 2016, 74,305 students had registered for the entrance test; this year, the number has risen to 94,832--almost nudging the 2011 number of 96,000. As B-schools have around 30,000 seats, more than three candidates could vie for each this time.
The Graduate Management Admission Council (GMAC) 2016 year-end employer poll survey report has also indicated that eight out of 10 employers globally--or 79%--are expected to hire MBA graduates in 2017 compared with 68% last year.
Since 2011, registrations for CET steadily dropped till 2015 when the state witnessed areversal.
Ironically , several B-school seats go vacant every year and institutes have been steadily shutting shops. “Only the better institutes have managed to survive, so students can choose from the better ones. The number of students enrolling for MBA or MMS is also an indication of the job market. There is a possibility that students have not landed an offer in their dream companies and have decided to complete their MBA. We will also have to wait and watch how many students actually enrol,“ said an institute head.
On the 30% increase, Dayanand Meshram, joint director, Directorate of Technical Education, said, “Students may be seeing better opportunities in the country in the coming years.“ A principal, though, said there could be confusion over the acceptability of other test scores in the state, with the government pushing for a single CET.
Globally , the MBA market appears to be better placed than last year, reveals the GMAC report. Nearly 96% employers who responded to the poll said hiring recent business school graduates creates value for their companies.Regardless of differences in the overall company direction, 2017 hiring plans for MBA graduates are similar across the board, stated the report.