To unveil study at Indian Management Conclave 2012 << click here
New Delhi August 7, 2012: A
nationwide study of marks secured by 2264 MBAs who sat for tests by
recruiting companies found only that only 21% of them could make the
grade. The previous study of 2007 by MeritTrac placed employability
index at 25%.
The students representing over 100 B-Schools beyond the Top25, were tested by MeritTrac on standardised tests in Verbal ability, Quantitative ability and Reasoning on behalf of recruiting companies.
Examination of ‘AICTE Approval Process Hand Book: 2012-13’ reveals that the number of MBA seats in India has grown almost four fold--from 94704 in 2006-07 to 352571 in 2011-12—resulting in a 5-year compounded annual growth rate of 30%.
To benchmark the current state of employability of management graduates, MBAUniverse.com and MeritTrac teamed up to conduct the research and release top line findings ahead of the MBAUniverse.com organized Indian Management Conclave 2012, on August 9-10 in New Delhi.
For purposes of this study, pre recruitment test scores of 2,264 candidates were analysed by MeritTrac to assess how they fared on the three tests in terms of the average percentage scores and pass-through rates.
The pass-through rates were calculated based on the pre decided cut-off for each test. These cut-offs are at par with the average cut-off scores decided by companies in their recruitment exercises.
The threshold cut-off scores used in Verbal ability, Quantitative ability and Reasoning were 45%, 35% and 40% respectively.
Overall average percentage score obtained by MBAs in Verbal ability, Quantitative ability and Reasoning was 52.58%, 41.17% and 37.51% respectively.
While performance on verbal ability seems to be satisfactory, reasoning is an area where there is scope for improvement. Considering that the elements of the reasoning test (deductive logic, data sufficiency, spatial reasoning, and analytical reasoning) are crucial to making sound management decisions, this is a result which warrants closer attention.
The total pass-through rate, which is an index of employability, at 21% mark leaves scope for improvement considering that organisations hire from this talent pool for strategic roles and this is the managerial pool that companies bank on.
“The results of 2012 employability report covering 2264 B-schools students from 29 cities are quite startling. This report clearly brings out the employability gaps across various competencies and highlights the need for scientific examinations and tests to align the candidate skills to employability metrics.” says S Murlidhar, CEO and Director, MeritTrac Services, India’s largest testing and assessment company that serves companies, educational institutions and government.
The MeritTrac – MBAUniverse Employability Index study of MBAs will now be conducted once every two years.
“Questions are asked about the talent coming out of MBA colleges, and whether they create a workforce responsive to the needs of the economy like understanding of business and on-the-feet thinking. So, decision-making skills are being valued more than ever,” says Amit Agnihotri, Chairman of MBAUniverse.com, India's most respected voice of the MBA community.
Proven Methodology
MeritTrac conducted tests for companies hiring MBAs for various roles in 2011-12. The scores of these 2264 tests from 29 cities were analyzed to generate the report. MBAUniverse.com provided its B-school ranking to shortlist the B-Schools and its candidates to make the sample nationally representative.
The tests was conducted in over 100 B-schools across India after excluding top 25 B-schools as these schools are not representative of the issues of employability facing the entire set of 3,500 B-schools involving nearly 2,75,000 seats available for admission to 2010-12 batch.
For more information please visit: http://www.mbauniverse.com/imc2012/
About MeritTrac
MeritTrac is India’s Largest Testing & Assessment Company and provides innovative assessment services to leading corporate entities, educational institutions and government organizations. Over the last twelve years, MeritTrac has been developing and administering marquee assessments for over 400 customers in more than 300 cities through 350 certified test centers. As a pioneer in this space, MeritTrac has been leveraging its ISO 9001:2008 and ISO 27001 certified test processes in transforming the way examinations are managed and offering greater reliability, quality, security, and consistently delivering large flawless examinations. MeritTrac is India’s first full member of Association of Test Publishers.
Leading corporate entities in the country have leveraged MeritTrac’s tests in over 300 areas spanning across cognitive ability, communication skills, and behavioral skills. With a strong focus on innovations & technology and the support of leading global partners, MeritTrac has introduced numerous path-breaking solutions for its customers. Some of the examples of innovations include building contextualized automated spoken English test framework, simulation based tests, and remote interviewing tool.
About MBA Universe.com
Since inception in 2007, MBAUniverse.com has been playing an important role in fostering the ecosystem by connecting B-schools to its peers through networking conferences and online e-portal, and with quality MBA aspirants seeking admissions. Most Top 200 Indian B-school utilize our services. MBA aspirants rely on us to prepare for CAT or GMAT, and seek counselling services to choose the best-fit B-school.
About Indian Management Conclave
India is a booming MBA market with over 3500 B-schools and 500,000 students pursuing various MBA or equivalent programs. Indian MBA market is going through a crucial phase of shake-out and consolidation. MBAUniverse,com India's most respected voice of MBA community sees this as a painful, but constructive development.
Indian Management Conclave, held every year in New Delhi in August, is the Mecca for Chancellors, Vice Chancellors, Directors and Deans from Top 100 B-schools and Universities.
For media pass and media queries:
Do get in touch with Strategic Communications and PR Counsel at Sanjiv dot kataria at gmail dot com or +91 98100 48095
The students representing over 100 B-Schools beyond the Top25, were tested by MeritTrac on standardised tests in Verbal ability, Quantitative ability and Reasoning on behalf of recruiting companies.
Examination of ‘AICTE Approval Process Hand Book: 2012-13’ reveals that the number of MBA seats in India has grown almost four fold--from 94704 in 2006-07 to 352571 in 2011-12—resulting in a 5-year compounded annual growth rate of 30%.
To benchmark the current state of employability of management graduates, MBAUniverse.com and MeritTrac teamed up to conduct the research and release top line findings ahead of the MBAUniverse.com organized Indian Management Conclave 2012, on August 9-10 in New Delhi.
For purposes of this study, pre recruitment test scores of 2,264 candidates were analysed by MeritTrac to assess how they fared on the three tests in terms of the average percentage scores and pass-through rates.
The pass-through rates were calculated based on the pre decided cut-off for each test. These cut-offs are at par with the average cut-off scores decided by companies in their recruitment exercises.
The threshold cut-off scores used in Verbal ability, Quantitative ability and Reasoning were 45%, 35% and 40% respectively.
Overall average percentage score obtained by MBAs in Verbal ability, Quantitative ability and Reasoning was 52.58%, 41.17% and 37.51% respectively.
While performance on verbal ability seems to be satisfactory, reasoning is an area where there is scope for improvement. Considering that the elements of the reasoning test (deductive logic, data sufficiency, spatial reasoning, and analytical reasoning) are crucial to making sound management decisions, this is a result which warrants closer attention.
The total pass-through rate, which is an index of employability, at 21% mark leaves scope for improvement considering that organisations hire from this talent pool for strategic roles and this is the managerial pool that companies bank on.
“The results of 2012 employability report covering 2264 B-schools students from 29 cities are quite startling. This report clearly brings out the employability gaps across various competencies and highlights the need for scientific examinations and tests to align the candidate skills to employability metrics.” says S Murlidhar, CEO and Director, MeritTrac Services, India’s largest testing and assessment company that serves companies, educational institutions and government.
The MeritTrac – MBAUniverse Employability Index study of MBAs will now be conducted once every two years.
“Questions are asked about the talent coming out of MBA colleges, and whether they create a workforce responsive to the needs of the economy like understanding of business and on-the-feet thinking. So, decision-making skills are being valued more than ever,” says Amit Agnihotri, Chairman of MBAUniverse.com, India's most respected voice of the MBA community.
Proven Methodology
MeritTrac conducted tests for companies hiring MBAs for various roles in 2011-12. The scores of these 2264 tests from 29 cities were analyzed to generate the report. MBAUniverse.com provided its B-school ranking to shortlist the B-Schools and its candidates to make the sample nationally representative.
The tests was conducted in over 100 B-schools across India after excluding top 25 B-schools as these schools are not representative of the issues of employability facing the entire set of 3,500 B-schools involving nearly 2,75,000 seats available for admission to 2010-12 batch.
For more information please visit: http://www.mbauniverse.com/imc2012/
About MeritTrac
MeritTrac is India’s Largest Testing & Assessment Company and provides innovative assessment services to leading corporate entities, educational institutions and government organizations. Over the last twelve years, MeritTrac has been developing and administering marquee assessments for over 400 customers in more than 300 cities through 350 certified test centers. As a pioneer in this space, MeritTrac has been leveraging its ISO 9001:2008 and ISO 27001 certified test processes in transforming the way examinations are managed and offering greater reliability, quality, security, and consistently delivering large flawless examinations. MeritTrac is India’s first full member of Association of Test Publishers.
Leading corporate entities in the country have leveraged MeritTrac’s tests in over 300 areas spanning across cognitive ability, communication skills, and behavioral skills. With a strong focus on innovations & technology and the support of leading global partners, MeritTrac has introduced numerous path-breaking solutions for its customers. Some of the examples of innovations include building contextualized automated spoken English test framework, simulation based tests, and remote interviewing tool.
About MBA Universe.com
Since inception in 2007, MBAUniverse.com has been playing an important role in fostering the ecosystem by connecting B-schools to its peers through networking conferences and online e-portal, and with quality MBA aspirants seeking admissions. Most Top 200 Indian B-school utilize our services. MBA aspirants rely on us to prepare for CAT or GMAT, and seek counselling services to choose the best-fit B-school.
About Indian Management Conclave
India is a booming MBA market with over 3500 B-schools and 500,000 students pursuing various MBA or equivalent programs. Indian MBA market is going through a crucial phase of shake-out and consolidation. MBAUniverse,com India's most respected voice of MBA community sees this as a painful, but constructive development.
Indian Management Conclave, held every year in New Delhi in August, is the Mecca for Chancellors, Vice Chancellors, Directors and Deans from Top 100 B-schools and Universities.
For media pass and media queries:
Do get in touch with Strategic Communications and PR Counsel at Sanjiv dot kataria at gmail dot com or +91 98100 48095
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