Only 7% of the students who graduate from 4000 Indian colleges are employable
Wednesday, February 27, 2019
Skills like effective communication and business understanding through excel modelling are prerequisites for any job, writes Piyush Nangru
We all have realised that the knowledge we gain throughout our schooling and graduation years does not complement with the tasks that we execute at work.
Why? Well, the answer is simple; you can no longer just claim to know things at the surface level but instead you actually need to dig deep and understand all the execution aspects as well to hit the ground running. Throughout our years of higher education, we only acquire theoretical knowledge on various subjects, but are not taught their practical implementation.
Today, the number of courses may have increased, offering students with a lot more career options. But, the jobs that correspond to those courses also require certain corporate skill sets. Effective communication and business understanding through excel modeling, preparing power presentations and business case studies are prerequisites for any job.
According to ASSOCHAM data, barring the top ranked 20 colleges including IITs, IIMs and other colleges in the country, only 7% of the students who graduate from the remaining 4000 colleges are employable. This gap between the number of graduates and the employable graduates is a serious concern.
In the long term, an opportunity also lies in tailoring the curriculum and pedagogy to the ever-changing job requirements. There should be a close-knit apparatus between the industry and the academic world to make the students aware of the industry protocols and prepare them for a dynamic workplace culture. A management institute should also provide soft-skill training to students so that they can improve their problem-solving skills, team management skills and negotiation skills, etc. Industry exposure through on-the-job training is the need of the hour to solve for the problem of employability.
Hence, there is an immediate need to evolve the academic structure and provide industry oriented education which should be in sync with the evolving industry requirements to meet this mismatch.
(The author is COO and co-founder, Sunstone Eduversity)