MBAs

Premier skills-testing agency MeritTrac has just concluded, after testing 790 B-school graduates in six cities on seven key parameters, that 77 per cent of MBAs are “unemployable.”Every year India Inc needs some 1,28,000 MBAs — 2,000 as CEOs and the rest at other levels. There are 1,257 B-schools recognised by the All-India Council for Technical Education turning out only 70,000 MBAs. MeritTrac’s study sample covered this “recognised” talent pool and found that only 23 per cent of them were of employable quality.Out of the 1257 recognised schools, only 132 have been rated as “average or better” by the All India Management Association and these produce some 20,000 graduates, but yhey are not all up to the mark, according to MeritTrac.