‘99% of private colleges…’: Financial advisor slams poor placement rates as India’s education-to-job gap widens – ‘99% of private colleges…’: Financial advisor slams poor placement rates as India’s education to job gap widens BusinessToday

India’s larger education system, regardless of being among the many largest globally, faces a widening gap between hovering tuition prices and diminishing outcomes. Many private instructional establishments particularly these providing engineering, administration and medical levels cost hefty charges however usually fail to ship on placement guarantees.

Outdoors of elite establishments just like the IITs and IIMs, graduates usually discover themselves burdened with costly levels and few job prospects. As issues mount over the standard, relevance, and accessibility of larger education, voices throughout the ecosystem are calling out the cracks with rising urgency.

Akshat Shrivastava, a monetary advisor and CEO of The Knowledge Hatch Fund, sharply criticised the state of private education in India, claiming that “99% of private faculties in India are a rip-off.”

In a publish on X (previously Twitter), Shrivastava wrote, “99% of private faculties in India are a rip-off. The typical placement price in private faculties: (1) 2021-2022: 60-80%, (2) 2023-2024: 20-40%.”

He added, “Regardless of this:

• These faculties promote excessive ‘CTC’ (which is rip-off to start with).
• Preserve growing their charges.
• And, preserve pushing folks to take extra debt.”

“They create an ecosystem: the place most lecturers do not know the way to educate, most college students do not even need to attend faculty. And, but the administration retains minting cash. Because the world strikes in the direction of rewarding expert primarily based outcomes. This mannequin has no place,” Shrivastava stated.

His remarks resonated broadly on-line. 

“Agree to a great extent. Trade-education mismatch: Abilities taught lag behind market wants. College students pursue levels for credentials, not ardour. Repair requires: Up to date curricula for actual-world abilities, extra sensible coaching, profession steering for objective-pushed selections,” a consumer replied.

One other consumer commented, “These days there’s a system of organising programs of doing diploma in digital advertising/AI/DATA ANALYTICS for six month and get assure job CTC of 6-10 lakhs this all fall in rip-off.”