Around 236 colleges in Karnataka with an intake of 14,148 seats for MBA course and 8,007 seats for MCA course allotted through the Postgraduate Common Entrance Test (PGCET) conducted by KEA. In which only 7,600 students have reported to the allotted colleges.
At the same time, management quota seats also remain vacant. Total 13,000 seats are available for the Karnataka Management Admission Test (KMAT), only 9,000 were filled.
Hari Krishna Maram, Member of the governing council body of All India Management Association said, "The interest in business degrees is fading for the past three years. It's worse this year. Placements are less attractive. In most industries, placements aren't taking place. Students are reluctant to invest up to Rs 5 lakh for an MBA degree after graduation. Many are taking up jobs and opting for part time MBA courses, instead of full time programmes. With centralized exams for management courses coming up, the numbers might rise in the future,"