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The Time of India, one of the leading news publishing groups in India in its online arm, timesofindia.indiatimes.com has reported that hundreds of MBA graduates in the city’s B-schools are disappointed by the corporates due to recession. Many of them have given up hopes of getting a lucrative job. Now they are eyeing on competitive exams like IAS, Bank PO and other government jobs.
Neeraj Mathur, a final year MBA student, purchased text books for geography and general knowledge last week after he failed to grab a decent job during a campus recruitment held in his college. “Now I have decided to appear for civil services exam. It’s no less than a suicide to wait for a job in the present scenario,” said a disappointed Mathur.
Another MBA student, Trilok Khandelwal from Purnima College, is busy revising his commerce books to clear the fundamentals of accountancy before he appear for Bank PO exam in the coming months. “I have taken a loan for my MBA programme. The instalments would commence from April next year. The worry is if I fail to get a job, I won’t be able to pay,” says Trilok.
The online news portal reports that students are left with less options. Many management schools had told their students to either wait for the recovery of market or to grab available jobs. According to Teaching community in B-Schools, the market condition is not favourable at the moment and jobs are available only for the competent ones.
The report says that this year, there is a sudden spurt in students appearing for the civil service and other competitive exams, mainly because of the implementation of Sixth Pay Commission recommendations. Needless to say implementation of pay commission has especially made Group A Government service very promising. It has prompted many students from management and science background to appear for the exam. The students are very confident about Government jobs on the premise that the present salary of an MBA graduate is much lesser than a government officer.