MBAUniverse.com Placement Report: B-schools foster Entrepreneurship

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MBAUniverse.com News Desk |
August 3, 2016
Placements 2008 were also a strong reinforcement that MBAs aren’t just training to be good managers.

Instead, an emerging tribe of MBA- Entrepreneurs is emerging who under go the best management training at B-schools, and leverage it to pursue their dreams. This year, almost all campuses that MBAUniverse.com Placement Report 2008 surveyed, graduates have opted to take the road less travelled. Interestingly, B-schools are supporting and promoting this trend wholeheartedly.  

At the bell-weather campus of IIM in Ahmedabad, eleven students opted out from the placements to turn entrepreneurs. These graduates have plans to get into diverse sectors like logistics, advertising, manufacturing, agro-processing, finance and IT. Comments IIM-A, “The trend of taking the road less travelled has become stronger.”

At IIM Lucknow, six graduates opted out placements. IIM-L notes happily, “This year six students are embarking on endeavours in various sectors such as financial services, hospitality etc. This reemphasizes our philosophy of creating more entrepreneurs and business leaders.”

FMS student Neha Juneja declined a plum offer from the coveted Tata Administrative Services (TAS) to form her own venture called Aisapaisa.com. The venture is an independent platform for Indian retail investors to come together and collaborate. Another student of the MBA MS course at FMS Ravi Pokharana too opted out of the placements. Ravi has taken control of Delhi operations of PT Education, a national level MBA prep firm, with 64 staff members in Delhi.  

At IIM Indore, two students chose to pursue their dreams. Their website www.ourownbook.com is an innovative website that provides visitors a chance to participate in a collaborative book writing project, and get recognized as co-authors of the final book published.

What factors are propelling this trend? There are many factors driving these young entrepreneurs: a large appetite for risk, thrill of controlling their own destiny, and the promise of greater success. What’s more, B-schools are going out of their way to promote entrepreneurship on their campuses.

Many institutes like IIM-A and IIM-B have modified placement rules to offer ‘placement holidays’ where students can try their hand at setting up their own venture and should things don’t work out, can come back to campus for placements within two years of passing out.

Dushyan Mullar of IIM-A, who is planning a venture in service domain, says, “The culture is wonderfully supportive in terms of encouraging entrepreneurship. Be it the professors, peers, or the institute, support is one thing that is certainly not lacking.” Another budding entrepreneur Siddharth Jariwal says, “I think the biggest learning for me at IIM A has been to think big!”

Looks like B-school campuses are turning into hot beds of entrepreneurial energy, and bid dreams. That augurs well for India, which needs many more entrepreneurs who can innovate and lead.

There are several other interesting trends and analysis emerging from the placement report. More details from the report will be published on MBAUnivese.com soon.

India’s leading management portal MBAUniverse.com surveyed the Placement Results at 20 leading management institutes to prepare its MBA Placement Report 2008. The institutes that are part of this analysis include six IIMs, Indian School of Business (ISB), Indian Institute of Technology (IIT) Business schools, Xavier Labour and Relations Institute, Jamshedpur (XLRI), Management Development Institute (MDI), Gurgaon, Faculty of Management Studies (FMS), University of Delhi, S.P. Jain Institute of Management & Research (SPJIMR), Mumbai and other top schools.