Many of you may have been aware that below the top 20 or so Indian business schools, are over 5,000 additional graduate business schools that have varying degrees of credibility and accreditation. They draw very, very few international students and serve the Indian students who are unable to go abroad or study at a top Indian school.
Many of them have been shutting down over the past decade or so and over 100 were expected to shut down this year and next. However, a new report suggesting that only 7% of these graduates are employable and, even then, only employable at modest salaries compared to the tuition they paid will hopefully speed up the much-needed reform and closure of these schools.
We would also like to use this opportunity to stress yet again that you need to do your due diligence when selecting a school. Sometimes not going to school can be better than acquiring a degree that may prove worthless for your particular profile and career aspirations.