BANGALORE: Early, this century, academic background was not a pre requisite for success in business. But increasingly the pursuit of management degree like MBA is turning a mandatory with vast transitions like economic boom and e-commerce.

"Online superstars are changing the game now. The competition is now between the consultant companies and e-commerce firms to employ the students and it is good news for the candidates. The job boom is going to last as e-commerce still has a long way from its current 2-3 percent market share to 13-14percent as in the developed economies," pointed our Dr Darlie Koshy, Director General and CEO of Apparel Training and Design Centre, Gurgaon.

According to All India Council for Technical Education, India currently has 3217 institutes offering MBA courses, though at least 300 shut down in between 2012-15. Except three states, Jharkhand, Bihar and Kerala, the number of b-schools have gone down all across the nation. In 2014, Maharashtra witnessed the highest decline with 24 institutes shutting down and 23 in Tamil Nadu.

A member of the IIBM governing council and MD of Muthoot Group George Alexander said, “It is good time with new government and new policy framework. But it may still take 3-4 quarters to reflect it on the ground. It is a good time not just for job opportunities but also for entrepreneurial opportunities.”

As a part of grooming session of the students to adapt in business environment, IIBM has organized this council with personalities like Former Karnataka Minister and Chief Secretary Dr Alexander J, former Gujarat Chief Secretary Dr Koshy CK and former Chief Justice of Patna High Court Justice Jacob Benjamin Koshy.

Geevarghese Mar Coorilos, the Metropolitan of Bombay Diocese and President of IIBM, who presided over the council commented, “Those students with commerce and MBA would do well as the economic boom is round the corner. There is no dearth of jobs. The placements last year indicate the positive results.”

IIBM Executive Director and Secretary R T Thomas said, “The situation is encouraging now. Last year huge numbers of seats were vacant and this time the enrollment for CAT exam has huge turnout. The market demand is increasing.”

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