Till a couple of years ago, being an MBA was a ticket to a good job, a five-figure salary and all things high life has to offer. An insatiable industry hired them at a speed equal to the one in which business schools were churning them out.
With industry fortunes turning and companies treading on a cautious path, coupled with an oversupply of MBAs from burgeoning and fledgling B-schools all around the country, that has changed. Why, many of them find it difficult to find a decent job after graduating from B-schools. Last year, when an Assocham study boldly declared that only seven per cent MBAs graduating from Indian B-schools were able to get a job, it put a seal of credibility on what was being uttered in stage-whispers.