India, April 10 -- More than a decade and a half ago, a management degree was a key to landing lucrative jobs in India. The employers chased management students from Indian Institutes of Management (IIMs) and other top private colleges to bring them on board. However, in the last few years, the number of management graduates getting hired has declined significantly.

Apart from the fact that there are now more than 3500 management institutes in India churning out lakh of MBA students every year and the supply is more than the demand, one very relevant reason of unemployability is the lack of quality students. According to a report, only 7 per cent of India's B-schools graduates are employable because they are not job-ready.

A majority of...