It may be worth to take note of some of the following statistical information
- UNESCO Institute of Statistics reveals that the total number of Indian students overseas increased from around 70,000 in 2000 to more than 3 lakhs in 2016 and the number apparently crossed more than 4 lakhs in 2019.
- Every year more than 3 Lakh students go abroad from India for their higher studies. (Economic Times)
- India is the second largest source of international students after China.
- According to Ministry of External Affairs, more than 7, 50,000 Indian Students are studying overseas. Indian Students are in more than 90 countries of the world. Majority of them are in the USA, UK, Canada, Oceania, China and then European and other Countries
- Close to 52% of these students are in USA, Canada and Australia, according to Indian Students Studying Abroad Statistics 2018: This data is for the period between 2014–2015. With an average increase of 7 to 10% (conservative estimate) in number of students going abroad every year.
- Post-graduate students from India are increasingly choosing to study abroad. The total number of Indian students going abroad to pursue their higher education has been steadily increasing over the years. The most popular study abroad destinations for Indian students are the U.S, the U.K, Australia, Canada and Singapore.
“One may be wondering why so many students increasingly wish to study abroad? Some of the factors influencing those decision maybe the following “
- The factors or reasons vary greatly from person to person which are briefly listed as below:
- High quality of education at a particular foreign university
- Relative ease in getting admission as compared to an Indian university of the same stature.
- Competitive and unrealistic admission criteria in Indian universities.
- Admissions for most foreign universities start around a year
- Unavailability of desired courses in the home country
- Research opportunities & Specializations Job and career prospects. .Live and work abroad
Engineering Graduates vs Employment status!
Reality on the ground?!
- A study by employability Assessment Company Aspiring Minds reveals that 95 percent of engineers in the country were not fit for software development jobs.
- Employability for roles such as mechanical design engineer and civil engineer apparently stands at a meagre 5.55 per cent and 6.48 percent respectively. Employability in the domain-specific roles which was the highest for electronics engineers stands only at 7.07 per cent.
- Except IITs and other prestigious technology institutes, most engineering colleges are unable to provide education to engineering student that would get suitable jobs. The root of problem again apparently due to mushrooming engineering colleges who are yet to develop desired standards.
- The top 10 IT companies take only 6% of the engineering graduates.
- Widening skill gap are the major cause of concerns.
- Industries want skills. For example, NASSCOM says 6 million people are required in cybersecurity by 2022. Skill shortage or skill gap is a big challenge….WHO WILL ADDRESS THIS?
Statistics on Management programs in India and Employability status
- Amidst the tens of thousands of management graduates churned out by the 5,500 B-schools in the country, only 7 per cent turn out to be employable, says a study conducted by ASSOCHAM. Except the IIMs, only a few of these management institutes are able to boast of quality management education that can help their graduates secure employment.
- According to the ASSOCHAM paper “B-schools and Engineering colleges shut down- Big Business Struggles,” MBA seats in India grew almost four-fold from 95,000 in 2006-07 to 3, 60,000 in 2011-12 resulting in a five-year CAGR of 30 percent. While MBAs are graduating in lakhs every year, the annual requirement for managerial candidates in the Indian market is between 35,000 and 40,000. The MBA capacity in the country was built based on the projection of a 9 to 10 percent economic growth rate. But with the economic growth slowing down over the past few years, job opportunities for MBAs have not grown in the same proportion leading to a supply that is much in excess of demand.
- MBA graduates are spending lakhs of rupees on their management education, but after graduating, most of them are earning a meagre salary say 8000 to 10,000 rupees per month and that too only when they are able to find placements.
- Campus recruitments have gone down miserably owing to the economic slowdown and inadequate education quality.
