B-schools are a via media between the MBA aspirants and the industry. B-schools look at the needs of the industry. Then they mark the aspirants on competency that's required. Then the B-schools build them up in the functional and general aspects.

MBA students get three fundamental things. MBAs are given concepts. They do not have to go and look and experience a million practices. They get this learning ready-made in the form of concepts. They get exposed to case studies: case studies are nothing but orientation to practice.
During summers, they get in touch with the industry… but they have not yet left the school. Hence without making mistakes at jobs…. They starts getting exposure to the industry norms and values.

My suggestion to all MBAs, take the much envied "cushion jobs." And from the power of being at the helm of affairs, contribute what you can to the immediate society.

Though the number looks huge…. Corporate India still needs managers. Management expertise is not just required in a corporate set up…it's also required in other sectors…which might not be great in terms of salary or status, but the need is definitely there.

The institutes should train for more things than just a placement. By saying that I am not ignoring the importance of placements…I accept that students come to B-schools for placements…but the factors that determine what he is and how is he placed for the placement depends on the faculty and the ideology of the institutes.

MBA is not a replacement for experience. You will have to work as hard as the non-MBAs. You may have to work smarter if not harder…but you have to work.