
The present market conditions is showing that the market has more MBAs than required.
The no. of MBAs passing out with each session is increasing with session. This is leading to yet another concern, the job/candidate ratio.
The problem with this talent pool is that there is so homogeneity with the qualifications & skill set that all the people are quite similar in all respect.
So the result is the imbalance. This is leading to the degradation of the profile of MBAs and hence increasing the attrition rate.
How to work out a plan to avoid/control such problems in future? The possible solutions are as follows:
1) The business schools should be given with a parameter of limiting the no. of candidate with same specialization.
2) The sub-specializations (like retail, procurement, supply chain, logistics, etc. for marketing & similarly for other specializations) should be promoted to control the inflow, by changing the homogeneous nature of inflow. Here the business houses can make a way out by demanding the candidates with sub-specialized qualifications.
3) The entrepreneurship projects should be given with more Weightage. This will also work as a soother during the hay days of the market. Govt. should make a point here by promoting these in coordination to various business schools.
4) The agribusiness should be preferred to, as it is an ignored sector till now, and has greatest capability to provide jobs & business options.
5) The Govt, should change its foreign policy from what is limited to as unilateral with US as the sole big contributor, to the multilateral trade with many players. This will also increase the jobs & hence will work to fix the problem.
6) Govt. should encourage the policy of a self sufficient economy with domestic trade catering to the need of the people of India. They should promote Indian entrepreneurs in as many sectors as possible.
7) Govt. should also work for the distribution of the market share to the population, with what it is at present in the hands of less than 10% of the population.
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