Management studies MBA as an option of higher education is on a downside. Business Standard has reported that around 1,00,000 seats may be left vacant this year in management colleges.
“There are apprehensions that nearly 1,00,00 seats will go vacant this year. In tier-2 and tier-3 B-schools, the vacancy is nearly 50 per cent. In Uttar Pradesh alone, for 24,000 seats, only 12,000 students have appeared for the entrance examination. The situation is quite grim,” H Chaturvedi, director, Birla Institute of Management and Technology, Noida, told Business Standard.
There is a general decline in management education as a choice of career in this gloomy unpredictable employment environment around the world. The decline in three preceding years of empty seats in management colleges can be analysed by these declining figures of 15%, 17% and 18% respectively. Around 65 management colleges are on the verge of shutdown.
