According to a recent study done by the Associated Chamber of Commerce and Industry of India, only 10 percent of MBA graduates are employable. This shows the current quality of MBA professionals graduating from over 3000 B-Schools in India and why the corporate organizations have reduced hiring candidates.
Most B-schools\' curriculum is focused on applying general management principles and an elective based methodology which is supposed to provide some understanding of a functional area. However, the reality is that corporate organizations will start asking for far more specialized knowledge that is particular to a specific profession and can only be developed over time. In order to accomplish this, most are looking to hire graduates who are still willing to learn and develop themselves. While the corporate organizations are looking for both knowledge and consistency in performances across the education; they also are also analyzing a graduates' professional backgrounds and skills which are relevant to their business.
Critical thinking is one of the most valuable skills in the corporate world. The skill allows business graduates to think critically and logically on a variety of problems. However, it is also important for business school graduates to possess the ability to articulate ideas both orally and in written form. Majority recruiters feel that a large number of graduates lack these soft skills despite being strong on the technical aspects and hence are not employable.
At the same time corporate organizations are looking for candidates who have the ability to work in a team with other people. Corporate organizations are run on the basis of various teams working hand in hand to deliver good results. While most graduates possess this ability, the must ensure that they work mostly within the team which will help them achieve their targets much earlier than the stipulated deadline.
Recruiters from corporate organizations glance at the ability to perform in the team work arena and whether the candidates are capable to take on more responsibilities as a function. Furthermore they are excited to hire candidates who are able to leverage their core learning and utilize their soft skills as an ability to function in a variety of teams and at also motivate or guide others in the team. Understand group dynamics and how people react and interact to each other is also a skill that management professionals are required to demonstrate in the corporate world.
In the corporate world recruiters are always looking for graduates that are teachable. Being teachable is evidence of ongoing potential and therefore if candidates are teachable then they are likely to grow and expand their horizons. Ultimately it is important that graduates hoping to gain employment utilize the variety of skills and abilities which will guide them to have successful careers and a bright future.