'99% Of Private Colleges...': Financial Advisor Slams poor Placement Rates as India's Education-to-job Gap Widens

India’s higher acquisition system, contempt being among nan largest globally, faces a widening spread betwixt soaring tuition costs and diminishing outcomes. Many backstage acquisition institutions particularly those offering engineering, guidance and aesculapian degrees complaint hefty fees but often neglect to present connected placement promises.

Outside of elite institutions for illustration nan IITs and IIMs, graduates often find themselves burdened pinch costly degrees and fewer occupation prospects. As concerns equine complete nan quality, relevance, and accessibility of higher education, voices wrong nan ecosystem are calling retired nan cracks pinch increasing urgency.

Akshat Shrivastava, a financial advisor and CEO of The Wisdom Hatch Fund, sharply criticised nan authorities of backstage acquisition successful India, claiming that “99% of backstage colleges successful India are a scam.”

In a station connected X (formerly Twitter), Shrivastava wrote, “99% of backstage colleges successful India are a scam. The mean placement complaint successful backstage colleges: (1) 2021-2022: 60-80%, (2) 2023-2024: 20-40%.”

He added, “Despite this:

• These colleges advertise precocious 'CTC' (which is scam to statesman with).
• Keep expanding their fees.
• And, support pushing group to return much debt.”

“They create an ecosystem: wherever astir teachers don't cognize really to teach, astir students don't moreover want to be college. And, yet nan guidance keeps minting money. As nan world moves towards rewarding skilled based outcomes. This exemplary has nary place,” Shrivastava said.

His remarks resonated wide online. 

“Agree to a bully extent. Industry-education mismatch: Skills taught lag down marketplace needs. Students prosecute degrees for credentials, not passion. Fix requires: Updated curricula for real-world skills, much applicable training, profession guidance for purpose-driven choices,” a personification replied.

Another personification commented, “Nowadays location is simply a strategy of organising courses of doing certificate successful integer marketing/AI/DATA ANALYTICS for 6 period and get guarantee occupation CTC of 6-10 lakhs this each autumn successful scam.”

Published on: Apr 26, 2025 4:57 PM IST