Specialised skills are killing it! MBA seen losing edge
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An MBA degree—regarded by many as a ticket to the corporate corridors — may just be losing its premium value in the job market.
Several company officials and HR heads ET spoke to say a classical MBA degree is losing out to the current market trend of hiring talent with specialised skills and those who come at a lesser cost. Ironically, this fall in demand for MBA degree holders comes at a time when their supply is increasing. A record 330,000 candidates from across India registered for the Common Admission Test (CAT) in 2023, a 30% increase from the previous year – a reflection of the aspirational value of the degree.
“One of the major triggers for this (fall in demand for MBAs) is the cost,” said Anshuman Das, CEO of talent solutions platform Careernet. Besides, job descriptions have become clearer in terms of skill requirements and focus is on skill-based hiring, he said.
The problem is not just with the long-tail institutes; even MBAs from premier IIMs were seen struggling with summer internships this year.
