Once considered as one of the most coveted programs mainly because of the handsome salary package, the Master of Business Administration (MBA) course is fast losing its sheen as the youngsters now-a-days are keener to apply for other courses such as UPSC or banking sector.
According to many education experts, more-n-more students are applying for banks, staff selection commission (SSC) or Union Public Service Commission (UPSC) over the past two to three years, while the registration for Common Admission Test (CAT) is fast decreasing resulting in a number of MBA institutes shutting down.
"MBA institutions have been increasing their fee dramatically. At the same time, the average salary being offered to students who are graduating out of these MBA institutions has remained reasonably low. People are now considering other options as they are not being paid enough by the companies", Allwin Agnel, CEO of Pagalguy, India's largest online education portal.
He further added, "What we have observed is that people are now considering banking and other government jobs quite a lot. For example, around 1.5 million people are attempting banking exams. A similar trend is being observed for other government jobs exams."