How Technology And Industry Changes Are Shaping MBA Placement?

In a discussion about why MBA graduates are facing placement challenges, Prof. Ram Kumar Kakani, Director of IIM Raipur, sheds light on two critical aspects. First, he notes that placements are often cyclical and closely tied to macroeconomic conditions and election cycles in countries where recruitment takes place, such as the US, UK, India, and China. In FY22-24, elections in 76 countries created uncertainty in the recruitment market, impacting placements.Second, Prof. Kakani emphasizes the changing industry needs, where technological advancements have reduced the demand for certain roles, particularly in consulting. He stresses the importance of aligning MBA curriculums with the evolving needs of the industry, such as multilingual skills, social media expertise, and knowledge in emerging sectors like healthcare and sports management.He also points out the significance of behavioral competencies and ensuring that candidates are aware of what is most important for their career growth, rather than being influenced by social pressures or trends. Prof. Kakani underscores the need for regular industry interactions to ensure that the skills taught in MBA programs meet the demands of the job market, helping graduates succeed in an increasingly competitive environment.