Challenges of the Management Graduates for Job Opportunities in India
There was a situation in Indian Economy, when food, shelter and clothing formed the basic needs
human being. However, with the development in the nation, another important factor that got
introduced and involved in the bucket of basic human requirement to live was education or “Right to
education”. When the economic liberalization in 1991 started in India, it released the private sector and
with the rapid setup of privatization, the demand for MBAs shot up. The MNCs were showing their
interest to pay the expected money to the fresh talent who were keen and capable of putting traditional
businesses on fast-track module with their innovative ideas and skillsets. Management became a priority
career option for undergraduates and hence MBA, the key to success in their professional career. If we
talk about the current situation in 2022, one of the most crucial industries is the education industry. The
education is the only vertical where the exchange of knowledge along with the involvement of the
economic factor is fostering.
The ambition of today’s youth after completing their post-graduation, especially Management aims to
secure a good and reputed job or to become an entrepreneur irrespective of what one has learned from
his management course and education.
In this new generation of liberalization, privatization, and globalization, the knowledge and education
are the raw material of any industry, and its human resource is considered as the most valuable asset of
the industry whatsoever is the role on which the resource is working. It behaves as the distinguishing
element for their competitors. The education of management domain is improving and renovating the
human resource to develop more productivity and expertise. This is what we generally expected from
management education programs earlier when it started evolving in India and even today as well.
Research and studies were understanding the root cause and implement into this factor but the only
outcome which could be seen about management education programs with orientation to employability
is that the students who are passing out from many management institutions are raw and ready to
learn. Previously, the institutions and students used to look at management education as a golden
corridor towards a white-collar job, but it is not the situation now. So, the skill sets which we are
considering at to groom students and get them into indentation so that they get opportunities with
reference to this many reviews has emphasized that there is a huge gap between the management
students and Industry’s needs.
The management curriculum has become antiquated, and it doesn’t match with existing as well as
upcoming needs of industries. Today, post graduate management programs are successively in a widely
awareness determined economy and hence it emphasize to anticipate the changes happening globally
like rising of emergent markets, the maturing of global population, the power of unsettling technologies,
the participating world, and the reappearance of geo-politics. This will be affecting employability not
only for those who are waiting to get hired for jobs but also for those who are already on the jobs.
If we do not get re-skilled to adapt to the future trend in technologies and put them in practice, students
coming out after their graduation or post-graduation will be inadequate skills. Therefore, we need to
understand the conception of both graduate and postgraduate 'employability', along with alterations
happening within the professional labor market.
