MBA Exams_ is the Economy Giving a Thumb-down to MBA Market
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Home › Arti cl es › MBA Exams: Is the economy giving a thumb-down to MBA market? By: Ashish Jha Updated On: 24 -De c - 201 3, 1 3:18 2 MBA Exams: Is the economy giving a thumb-down t o MBA market? It’s a reality check. After witnessing exponential growth of MBA market where seat availability increased by more than four-fold in the last decade, the B-Schools which are already struggling to fil l their capaci ty may now face further demand sho rtage with registration fo r major MBA entrance exams including CAT , XAT and NMAT dippi ng this year . Whi le in teres t seems to b e wanin g for the placement-star ved B-Schoo ls fo r no w as quali ty become core concern for cautious recruiters, B-Schools believe that ‘bad economy’ coupled with volatile job market is playing dampener. The B-schools which are conducting MBA admissions for 2014-16 include: Cli ck he re to download the Application Form o f TAPMI, Manipal Click here to download the Application Form o f IMT G roup of Institutes Click here to download the Applic ation Form of We School Numbers dip The official data of most of the prestigious MBA entrance exams for academic year 2014-15 shows a decline in registration numbers. Sample this: The registration number for CAT 2013 , the Commo n Admissio n Test for II Ms and many other top B-Schools in India, witnessed a decline of about 9 percent with only 1.94 lakh candidates + Follow 11646 14 2 Common Admission Test (CAT) Ex am Type: P.G Ex am Level: National Level Ex am 5 Li ke Share Home About Article Couns elling Dates Dis cus s ions More 5 Li ke Share
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› Articles › MBA Exams: Is the economy giving a thumb-down to MBA market?
: Ashish Jha Updated On: 2 4 -De c-2 0 1 3, 1 3:18 2
A Exams: Is the economy giving a thumb-down to MBA market?
a reality check. After witnessing exponential growth of MBA market where seat availability
reased by more than four-fold in the last decade, the B-Schools which are already struggling to
heir capacity may now face further demand shortage with registration for major MBA entrance
ms including CAT , XAT and NMAT dipping this year.
ile interest seems to be waning for the placement-starved B-Schools for now as quality become
e concern for cautious recruiters, B-Schools believe that ‘bad economy’ coupled with volatile job
rket is playing dampener.
B-schools which are conducting MBA admissions for 2014-16 include:
Click he re to download the Application Form o f TAPMI, Manipal
Click he re to download the Application Form o f IMT Group of Institutes
Click he re to download the Applic ation Form of We School
mbers dip
official data of most of the prestigious MBA entrance exams for academic year 2014-15 shows
ecline in registration numbers. Sample this:
registration number for CAT 2013, the Common Admission Test for IIMs and many other topchools in India, witnessed a decline of about 9 percent with only 1.94 lakh candidates
+ Follow 11646 14 2
Common Admission Test (CAT)
Exam Type: P.G
Exam Level: National Level Exam
5Lik e Sha re
ome About Article Counselling Dates Discussions More
5Lik e Shar e
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at top B-Schools, students are very cautious on
whether they should go for an MBA,” Dr Singh added.
Nandagopal Director, PSG Institute of
nagement, however, believes that only economy
’t be blamed for the declining numbers. “Today
re is very little confidence in students that they get a job after their MBA degree. Though a large
ume of aspirants is entering into MBA programme
ry year, there is a certain lack of soft skills
ongst students at graduation level which hampers
r chances in the industry especially when the
rket sentiment is not very good and employers are
king from amongst the best.”
ll Top B-Schools remain unaffected?
B-Schools, however, look into the crisis with ‘half-
d’ and not the ‘half-empty’ approach. The top B-
ools remain confident that this will not affect them as the reduced number of test-takers only w elimination of non-serious candidates and their number based on interest of quality aspirants
remain intact.
wouldn’t be too worried because among students who write the CAT, the seriously good core has
mained the same. That hasn’t changed,” says Professor DevanathTirupati, Director In-charge
Dean (Academic) at IIM-Bangalore.
M Rohtak Director Professor P Rameshan terms the low numbers as a ‘temporary phenomenon’.
ven the difficult economy and job market where getting a better job is tougher than ever
ore, aspirants currently in decent jobs might not be willing to leave the job and join an MBA
gramme. However, when the economy recovers and moves back to the high growth path, MBA
rest will pick up,” he says.
Pritam Singh also says that the lesser number will only worsen worries of B-Schools at bottom.
ur application number is nearly the same as compared to our last year’s number.”
allowing ‘their’ pride
agencies conducting MBA exams are, however, still in a denial mode as apparently they are
to come to the terms to the ground reality that the number has actually declined.
s shared with Careers360 the actual number of test-takers, which came out to be significantly
than what it had been claiming since the CAT exam, ended this year. Careers360.comeatedly questioned the validity of Prometric data released on November 12, a day after CAT
3 window ended. Earlier, in a media release, the agency had shared that “A total of 194,516
didates completed testing in 76 secure test centres across 40 cities over a 20-day testing
dow.”As per revised Prometric data, as many as 20,776 registered candidates did not take CAT
m this year.
T 2013 Convenor Dr Rohit Kapoor, who earlier expected the CAT voucher sales of 2.5 lakh-
s, says, "The decline in actual number of candidates does not worry us. Instead, this time round,
will have more serious and focused candidates sitting for the exam."
Prof Vishwa Ballabh, Admission Chairperson, XLRI,
terms the decline in XAT 2014 registration number as‘insignificant’. “Only 3 percent lesser candidates have
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reg s ere s year as compare o w ereasCAT numbers witnessed around 9 percent dip this
year,” he said, adding, “We stand almost unaffected
with our number very close to the last year’s
number.”
Dr R C Natarajan, Director, TAPMI, which accepts
CAT as well as XAT scores, said,“The declining
number is definitely showing that number is not on a
steep rise for now. I am, however, not sure whether it
is a short-term phenomenon or a long-term
phenomenon,” he says, adding, “Employment market
urrently not good and engineers and other professional do not want to take chance now. But I
mly believe that the ratio of serious candidates will be more.”
t a Market Correction?
B-Schools, however, agree that the lowering numbers this year should work as a wake-up call
all management institutes including those mushrooming B-Schools in India where focus is
easingly on volume and not quality. Experts feel that average quality B-School graduates is not
ch relevant to the industry.
Dhankar, Dean, Faculty of Management Studies (FMS) Delhi, says, “Besides the economic
wdown, the crisis is partly because the fact that B-Schools are not able to produce skills requiredmarket forces.” He added that the dipping average quality makes it difficult for industry to hire
lity human resources from B-Schools.
T Ghaziabad Director Dr Bibek Banerjee says that the numbers in MBA exam are only an
cation towards the market correction. “When there is gap in the demand and supply side, these
of correction is bound to happen to bring equilibrium,” he said, adding, “I would expect more
ous candidates from the reduced number of CAT applicants this year.”
Pritam Singh agreed with the market correction logic, saying, “Last year around 200 B-Schools
e closed and again the declining number will force yet another 200 to close next year. The
reased volume and low output has shaken the confidence of candidates in MBA education.”
pite the concern on demand-supply mismatch, there has been a steady increase in the supply MBA/PGDM seats. According to AICTE, the B-Schools’ intake capacity has seen a steady rise
r the past seven years with the number of seats in management education increasing more
n four-fold. While the total seats approved by AICTE stood at 94,704 in 2006-07, the number
nt up to 385,008 for admission year 2012-1 3.
R Nandagopal, however, feels that the trend will continue for about next five years until the B-
ool delivering low quality are forced to shut. “The market will force them to do so. And the
rket will correct it,” he says.
eating Relevance is the key
erts feel that the declining number may push B-Schools to introspect and take a re-look into
r market relevance. They way forward, according to them, is qualitative growth of MBA
cation.
e are producing very traditional graduates. I feel B-Schools should focus on quality and building
ustry-relevant skill sets among their students. Once the industry is positive and the placements
B-Schools pick up, the interest of candidates in MBA education will revive and CAT numbers will
w again,” says Dr Dhankar. “I also feel that sector specific programmes and emphasis on
ctional areas can also bring more value to the industry. It will help students to build profile and
o bring value to the industry ,” Dr Dhankar adds.
Bibek Banerjee feels, “B-Schools should not over-emphasize placements and rather they shouldest their energy in developing skill sets and quality of their students to make them industry
vant.”
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