MBA loses its shine in city
What was once a most sought after qualification, Masters in Business Administration (MBA), seems to have no takers in the city anymore. Out of the total 29,961 seats in Pune region, only 14,815 seats have been filled
According to professors, the slide has a lot to do with the umpteen management institutes that have cropped up in recent years. The Directorate of Technical Education (DTE) office collected data of total MBA admissions, which revealed that since the past few years the demand for an MBA is acutely decreasing. This year the picture worsened with vacant seats rising to 50 per cent of total seats. In Pune region, which saw the steepest decline, nearly half of the total seats have been vacant after all rounds of admission got over last month.
The DTE’s Pune region consists of five districts — Pune, Satara, Sangli, Solapur, and Kolhapur. According to DTE officials, till last year, MBA institutes in the city were in demand and were not hit by a student shortage. But this year many city institutes are facing a shortfall, as the trend of management studies is changing.
University of Pune’s (UoP) Management Department’s HoD Dr C M Chitale said, “The mushrooming growth of management institutes in and around the city is the major reason behind it. As MBA was in full demand, some institutes have even started separate evening batches to attract more students.”
He added, “Many students are not clear about their career path after graduation and they just opt for an MBA as a glamorous degree. Before doing any course one has to check if they have an aptitude or interest in it. But unfortunately many students just took admission to MBA blindly.”
“Market job survey claims that currently the MBA in Marketing is in demand. But the person who pursuing this course needs to have a will to roam the country for work? One has to answer these basic questions before entering the management field,” said Dr Chitale.