bb wrote:
Apparently there are 5,000+ business schools in India!
And apparently they are not producing graduates of amazing quality, though, I feel it is more likely that they are recruiting applicants of not so amazing quality, which results into poor results on the output side:
https://indianexpress.com/article/educat ... 10k-study/P.S. 5,000 bschools with let's say each graduating even as few as 50 students each year, that's 250,000 grads each year! That is more than annual GMAT volume in the world. Insane!
Thing with India (and to that extent China) is that there are atleast 50% of these graduates who would be bright/intelligent/willing to learn will always be fighting to get into a handful of IIMs (top Indian Bschools). After graduating as an engineer for example, there is a high attrition rate and people move onto bschools after engineering (either right after undergraduate schools or after working for a few years).
Once, private investors become aware of how much fees students are willing to pay for their MBAs, it is comparatively easier to open a bschool or an engineering or even a medical school (central government certified). Most of these private institutions only care about getting the money from students while hiring as teachers people who barely managed to get their BBA or MBA degrees. I know of a case of a person who got hired in one of the business schools as a 'professor' of economics and strategy and he himself had failed his economics course back in the day. How do you think this person will be teaching his students and what will the quality of his students be? It all becomes a vicious cycle after a while and this all started because of lack of right avenues for such a large population.
Another massive issue right now with graduate and UG schools is the issue of reservation based on caste/socio-economic statuses etc that leave <50% of the available seats for the open/general category students. How in the world will all these students get quality education?
Its tough to manage such a large number of graduates but I do hope that sanity will prevail in due course.