Skip to main content

Return on Formal Education (RFE)

Sharing some stats from this article I read two days back:
  • India now produces more engineers and MBAs than the US and China combined. Our annual output of 15 lakh engineers and 3 lakh MBAs is way ahead of the US (1 lakh engineers and 1.25 lakh MBAs) and China (11 lakh engineers and 75,000 MBAs).
  • estimates that outside the top 20 MBA colleges only 24% of students are employable.
  • Assocham believes that campus placement (in the context of engineering) outside the top 20 colleges is 10%.
The article also has some suggestions which is where it gets really funny. By funny, I mean the quality of suggestions, not really the stats. Stats aren't surprising at all. Have a look:
  • They must get 3-5 years of work experience after their engineering or college degree before getting an MBA.
  • If most students are not getting campus placements we need to fix our dysfunctional employment exchanges that only gave 3 lakh jobs last year to the 4 crore kids registered. We need to allow foreign universities in.
  • We need to raise our 3 lakh formal apprenticeships — Germany has 40 lakh, Japan 1 crore and China has 1.5 crore.
  • Most importantly, India must explode job creation because nothing changes a student's life more than their first formal, non-farm job. 
A critique of the article:
While every action or piece of execution benefits from good measurement systems and the stats emerging out of these measurement systems, the recommendations offered in this article reek of naivete at best. Even offering only the stats would've done better justice to the gravity of the situation.

Find the article here

Popular posts from this blog

Measuring Distraction

I knew I would write this post right after I scanned this piece of paper. And yet, what did I do? I opened an email which led me to open another link before I reminded myself that since I had scanned the format, I should write this post.

If your mobile phone and laptop suck up your time and leave you tired without any feeling of satisfaction at the end of the day, you might just want to do this exercise for a few days and measure your DISTRACTION QUOTIENT.

If you look at the sheet, you'll see 4 columns. You'll also see some symbols and words highlighted in green.

The first 2 columns are sort of 'purposeful'. Obviously, we use mobile phones and laptops for purposeful activities. So the first 2 columns give you the space to record what you consciously decide to do using these gadgets. They are marked with 'right tick' on top. You can fill these columns well in advance.

The 3rd and 4th columns are meant to record the instances of 'unintentional' or 'u…

David Damron on filling time

Just a few moments back I read this guest post by David Damron (of The Minimalist Path) on ZenHabits. Fantastic read. Simple to apply and see the result for yourself. So, am publishing the same post here. Spread the message far and wide (for it is mighty important) :).

In the post below, forget the word Materialism. It isn't such a 'spiritual' lesson after all; though it could be if you want to take it that way. My point is it might just help you to set some worthy goals for yourself.


Cutting the Cord to Materialism
Let’s start with an exercise … Grab a small sheet of paper and a pen or pencil.After you read the following question, please take 5 deep breaths before answering.Write your response to the up-coming question on your piece of paper in one sentence.Here is your question to answer:

If you had the opportunity to do one activity for one week without any worry about finances, cost, or other outside commitments, what would you love to do for this week?

I hope you …

Afghani Nuskha & Japani Tel

Today's Rajasthan Patrika, last page, premium spots :). Mumbai's local trains also carry similar things...