When u talk abt manufacturing industry, the growth rate in terms of ur designation and pay is quite less when compared to that in the service insdustry.
I think there are three reasons in order of importance: (a) manufacturing companies are not professionally run like consumer goods companies and MBAs feel out of place there (b) career prospects are limited if one chooses to leave this sector (c) pay is low.
I say (c) is the last reason because many FMCG firms do not pay as well as one might think even to IIM graduates and yet they join such firms in hordes. In this hype about salaries etc, one forgets the vast majority of IIM grads really do want solid work experience, a long term career, worklife balance and not just sky-high salaries. If manufacturing firms can consistently offer quality work experience and a strong career with reasonable pay, there is no reason that they won't be good recruiters for the IIMs.
Manufacturing firms need not run after MBAs too much coz anyway they need more focus on technical aspects. They can afford with few MBAs on their rolls.
The problem lies with the MBA courses. They will always teach you how to do well in finance/ banking/ insurance/ FMCG sectors / retail etc etc
God knows why they do not teach anything about technical sectors. Why do not we have MBAs specialising in product development, technology change management, assembly line management etc etc.
Mostly B-schools have failed to highlight the importance of technology in business. They only worship cash.
I think MBAs r good only for boardroom meetings and power point presentations.
It is true that MBA's avoid manufacturing sector but why they do so is much important. This behaviour of can be attributed to usage of case studies, internship and projects undertaken by students of these premier institutes.
Majority students come across international cases of all big companies and very less of indian manufacturing companies. Also, they hardly look at manufacturing companies for internship or projects. These things make everyone at premier institutes to dream about being at internationally renowned companies rather look at manufacturing companies which they hardly come across or hear about.
Due to this reason students of tier II institutes end up doing their interns/projects at small and medium enterprises and inturn start their career with these companies with lot of commitment.
Let's hope all engineers who want management careeer start looking at manufacturing industry to bring in equitable status on par with other industries.
Mnaufacturing companies generally have typical mind set. The belief in qualty professionals either in manegerial functions or technical functions for business prosperity is far less and are confident of the promoters strength and intutive mangement practices. There are many clear examples of many experienced public sector technical professionals finding tuff or no scope to change to private sector Mfg. companies. Those talented, enterprising and change seeking public sector professionals remain in the public sector, thou with less job satisfaction. If Private Mfg companies venture to attract serving public sector mfg co., professionals at least in some ratio, it would certainly help make a quality and attractive and conducive mfg working climate and would further bring about improvements of growth and qualty matching to the international standards laeding to best profits to the mfg co., GS
What G D Sharma has is right too. But on the other hand there are lots of people who don't want to goto the floor shop. The reason is the foul language needed to make the workers work properly.
Whatever the stats may say, the workmanship in India is pathetic.
I don't know when the boys and girls are trying hard to get admission into an IIT, what plan they have in mind. Whatever they had in mind at that time gets changed due to the external environmental influence. As a result their good knowledge is never used and augmented further through the higher study in engineering. They go for B-school to earn good money. How many graduate engineers are going for Masters and PhD in engineering? Numbers are very less. And how many of them after doing MS and PhD are returning to IIT for teaching? May be nil with very few exception.
People should have freedom to study anything at any point of time. They can go for MBA after degree in engineering. But they have no right to spoil a seat, which otherwise an interested guy could pursue to graduate in IIT and continue to study further in same line to contribute to nation or world in larger sense. Country also should see that good incentives are there for them to get attracted to pursue in the same field. If this correction is not done soon, a time will come when system will collapse. We should have a close-loop system so that any error can be corrected by the system itself.
