Sunday, July 21, 2013

The college shakeout is overdue, and important - The Times of India

The college shakeout is overdue, and important 

India's challenge is multiple tipping points at the intersection of employment and employability. About 30% of engineering and MBA capacity is unfilled because students are unhappy with the package of quality, price and job outcomes. The big engine of engineering education of the last 20 years — Information Technology hiring — is slowing down and changing gears. Manufacturing employment — a logical home for an engineering education — is stuck at 12% of the labour force since 1991. And labour laws are forcing employers to buy machines rather than hire people. But the primary issue is quality — a survey by estimates that outside the top 20 MBA colleges only 24% of students are employable. 

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