Mumbai, July 31: With the rising number of management students graduating every year, employability from new and lower-tier B-Schools remains to be a big challenge, opines national apex body of the management profession in India - All India Management Association (AIMA). The apex body even claims that out of the 3,60,000 MBA students graduate from 4,000 B-schools in India, only 60 percent of management graduates find management jobs.

Expressing her opinion on the issue, Director of AIMA Rekha Sethi said, as quoted by Economic Times, "Companies want to hire ready-to-lead managers whereas most of the B-Schools lack access to meaningful internships and placement opportunities." The management body even stated that the biggest challenge in the job market is the need for usable, practical skills. Narendra Modi Cabinet Paves Way For 10% EWS Reservation in Jammu And Kashmir

Referring this situation as skill gap and the need for upskilling, CEO of carbon black business Santrupt Misra states that the requirement is to build capability and create high-end talent so that India can become a big supplier of skills globally.

According to the Digital Talent Gap report 2017, cited in a recent study by AIMA-KPMG, India has an average proportion of 76 percent digital talent compared to the global average of 56 percent. Also, the World Bank opines that automation will most likely replace 69 percent of the jobs in India. The report of the World Bank even states that labour force, equipped with new skills and innovative training programmes, can only improve the employability status of the country.

(The above story first appeared on LatestLY on Jul 31, 2019 07:51 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).