High Attrition Rates and Decline in Pre-Placement Offers Among MBA Graduates: Deloitte India Study

Attrition rates continue to pose a significant challenge among MBA graduates, particularly for entry-level positions at top-tier campuses, according to a recent study released on Wednesday.
The Deloitte Touche Tohmatsu India LLP (Deloitte India) Campus Workforce Trends 2024 study highlights that attrition remains a critical issue, especially among newly recruited MBA graduates. The study reveals that the pan-India attrition rates for new recruits, one-year-old employees, and two-year-old employees from top-tier campuses stand at 21%, 26%, and 28%, respectively.
The findings underscore the need for companies to reassess their strategies for retaining talent, particularly in the highly competitive landscape of MBA recruitment. The high attrition rates are not only a concern for businesses but also reflect the broader challenges faced by MBA graduates in finding and maintaining stable employment.
Additionally, the study noted a decline in pre-placement offers (PPOs), further compounding the challenges faced by MBA graduates. This trend suggests a potential shift in the job market dynamics and calls for a closer examination of the factors driving these changes.
As companies navigate these challenges, the focus on enhancing employee engagement, offering competitive compensation packages, and providing clear career progression paths may become increasingly crucial in addressing the attrition issue and attracting top talent.
The Deloitte India study serves as a wake-up call for both educational institutions and employers to collaborate more effectively in preparing MBA graduates for the evolving job market and ensuring their long-term retention in the workforce.
For more detailed insights, the full Deloitte India Campus Workforce Trends 2024 study is available on their official website.