In a recent article, I was surprised to learn that even the most prestigious management institute is facing challenges in securing job placements for its students. However, this trend is not entirely new on a global scale. Some philosophers argue that management skills cannot be taught in a classroom setting; rather, they are acquired through experience and personal development.
What shocked me even more was a conversation I had with an HR manager from a multinational company. They revealed that recruiters are now placing less emphasis on qualifications and are instead focusing on what candidates can actually bring to the table. Short certification courses, typically lasting around six months, are increasingly landing students good job opportunities. This shift in priorities raises a valid question: why would a company hire someone with a high salary package, often associated with top educational institutes, when their output may not necessarily surpass that of an individual without a specialized degree?
Companies are now prioritizing and rewarding employees based on their discipline, commitment, dedication, analytical skills, innovation, and problem-solving abilities. Many Indian Institutes of Management (IIMs) are recognizing this change and are adapting by diversifying their offerings beyond traditional management education. They are introducing technical education programs and certification courses to meet the current demands of the job market and ensure their own survival in this evolving landscape.
Online education has undoubtedly transformed many aspects of learning, but one crucial element remains unchanged: the acquisition of technical skills. These skills, which are essential for innovation, can still be best learned in a college setting. Engineering, in particular, holds a promising future in this regard.
The shifting dynamics in management education and the job market serve as a reminder that adaptability is key. Institutions must continually reassess their offerings to align with the evolving needs of industries. Simultaneously, students and job seekers should focus on developing a well-rounded skill set that extends beyond formal qualifications. By embracing change and prioritizing practical abilities, both educational institutions and individuals can navigate this transforming landscape and secure success in their respective fields.