Title – Employment over Entrepreneurship
Name – Vinayak Avchite 02
1) “The Analysis of Field Choice in College and Graduate School: Determinants and Wage Effects” (Joseph G, et al. NBER Working Paper No. 21655, 2015)
This paper explores how students choose their field of study and how it impacts their future salaries and job potential. The research finds that students often select their field based on personal interest, job market demand, and potential earnings. Those who study business and engineering generally earn higher salaries compared to those in arts. The study also highlights that early career earnings and job stability play a major role in students’ career decisions, sometimes discouraging them from taking risks like starting a business.
ideas.repec.org
2) “Attracting Talent to Family-Owned Businesses: The Perceptions of MBA Students”
(Lucia Ceja and Josep Tapies, IESE Business School, 2009)
This study looks at how MBA students view family-owned businesses compared to larger corporate firms when choosing where to work. The research finds that students often perceive family businesses as having a close work environment, strong values, and long-term stability. However, concerns about limited career growth, family favourite, and unclear succession planning make them less attractive compared to multinational companies. The paper highlights that for family businesses to attract top MBA talent, they must work on improving their brand image and offering structured career growth opportunities.
3) “Entrepreneurial Career Perception of Master Students: Realistic or Rather Enthusiastic?” (Daniel Badulescu and MPRA Paper 2015)
This paper explores whether master’s students have a realistic understanding of what it takes to be an entrepreneur or if they are simply excited about the idea without knowing the risks involved. Many students see entrepreneurship as a path to independence, financial success, and personal fulfilment. However, they often underestimate the challenges, including financial instability, legal issues, and long working hours. The study concludes that universities should focus more on educating students about both the opportunities and hardships of starting a business, helping them develop a more balanced perspective.
4) “Factors Affecting Entry into Entrepreneurship for University Students”
(Katerina Kovarova and Jana Simsova, European Research Studies Journal, 2019)
This research identifies what motivates university students to become entrepreneurs and what stops them. The main reasons students consider entrepreneurship include the desire to be their own boss, financial independence, and the opportunity to innovate. However, major barriers such as lack of capital, fear of failure, and complex legal requirements often discourage them. The study suggests that universities and governments should provide more financial support, mentorship programs, and simpler business registration processes to encourage student entrepreneurship.
5) “Understanding the Motivating Factors among Future Working Individuals”
(Mohamad F. Issa, International Journal of Economics and Finance, 2020)
This study examines what motivates students, particularly MBA graduates and senior undergraduates, when choosing a career. The research finds that job security, high salary, and work-life balance are the most important factors influencing their decisions. Entrepreneurship, despite its potential financial rewards, is often seen as risky and uncertain. As a result, many students prefer stable corporate jobs over starting their own business. The paper suggests that providing entrepreneurial training and financial incentives may help shift students’ preferences towards self-employment.
6) “Students’ Perception About Management Education in India and USA”
(R. Shetty and Rajashree Gujarathi. MPRA Paper, 2013)
This research compares how students in India and the USA perceive MBA programs. While students in both countries appreciate the quality of education, Indian students often face difficulties in securing high-paying jobs after graduation. The study suggests that Indian MBA programs should focus more on practical skills, internships, and industry partnerships to improve employability. It also highlights the need for better career guidance and networking opportunities to help Indian students compete globally.
7) “Discrimination in an Elite Labour Market? Job Placements at the Indian Institute of Management, Ahmedabad”
(Sujoy Chakravarty and E. Somanathan. Indian Statistical Institute, Delhi, 2008)
This paper examines whether discrimination exists in job placements at IIM Ahmedabad, one of India’s top business schools. The research finds that caste-based wage disparities exist, meaning that students from certain castes receive lower salaries than their peers, even with similar qualifications. This discrimination discourages some graduates from entering the corporate world and may also prevent them from considering entrepreneurship due to a lack of financial resources and confidence. The study calls for better hiring policies and fairer wage practices in India.
ideas.repec.org
8) “Opportunities or Threats? The Role of Entrepreneurial Risk Perception in Shaping the Entrepreneurial Motivation”
(Liping Yin and Yenchun Jim Wu. Journal of Risk and Financial Management, 2023)
This study investigates how people perceive the risks of starting a business and how that perception affects their motivation to become entrepreneurs. Many individuals see entrepreneurship as an opportunity for innovation and financial freedom, but they also worry about failure, debt, and unstable income. The study finds that without government support or financial safety nets, most people view entrepreneurship as too risky. The paper suggests that policies like tax benefits, startup loans, and mentorship programs could encourage more people to take the entrepreneurial path.
9) “Reassessing the Curriculum-Competency Alignment in MBA Programs”
(Kamal Kishore Jain and Kunal K. Journal of Management and Strategy, 2010)
This study examines whether MBA programs in India and the USA are effectively preparing students for the real-world job market. The findings reveal that many MBA curricula focus too much on theory and not enough on practical skills like leadership, negotiation, and digital marketing. This gap makes it harder for graduates to succeed in jobs or start their own businesses. The research recommends updating MBA programs to include more case studies, real-world problem-solving, and industry interactions.
10) “Impact of Attitude towards Entrepreneurship Education and Role Models on Entrepreneurial Intention”
(Kwaku Amofah and Ramon Saladrigues. Journal of Innovation and Entrepreneurship, 2022)
This study explores how exposure to entrepreneurship education and role models influences students’ desire to start a business. It finds that students who take entrepreneurship-related courses and interact with successful entrepreneurs are more likely to consider starting their own ventures. However, without strong mentorship or support, many students still choose traditional jobs over entrepreneurship. The paper recommends that universities introduce more hands-on entrepreneurial experiences, such as incubators, startup competitions, and mentorship programs, to encourage more students to take the entrepreneurial path.
ideas.repec.org
Conclusion:
Most MBA graduates prefer jobs over entrepreneurship due to financial security, risk and lack of practical business training. While entrepreneurship is appealing, challenges like funding shortages, fear of failure, and legal complexities discourage students. Stable corporate jobs offer clear career growth and higher salaries, making them the safer choice. Social and economic barriers, including wage discrimination and financial instability, further limit entrepreneurial aspirations. MBA programs often focus on theory rather than real-world start-up skills. Encouraging entrepreneurship requires hands-on education, financial support, and mentorship to help students confidently take the jump into business.
Reference:
Badulescu, Daniel, 2015. “Entrepreneurial Career Perception of Master Students: Realistic or Rather Enthusiastic?,” MPRA Paper 78872, University Library of Munich, Germany.
Ceja, Lucia & Tapies, Josep, 2009. “Attracting talent to family-owned businesses: The perceptions of MBA students,” IESE Research Papers D/815, IESE Business School.
Joseph G. Altonji & Peter Arcidiacono & Arnaud Maurel, 2015. “The Analysis of Field Choice in College and Graduate School: Determinants and Wage Effects,” NBER Working Papers 21655, National Bureau of Economic Research, Inc.
Kovarova Kateřina & Simsova Jana, 2019. “Factors Affecting Entry into Entrepreneurship for University Students,” European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 398-416.
Kwaku Amofah & Ramon Saladrigues, 2022. “Impact of attitude towards entrepreneurship education and role models on entrepreneurial intention,” Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-30, December.
Liping Yin & Yenchun Jim Wu, 2023. “Opportunities or Threats? The Role of Entrepreneurial Risk Perception in Shaping the Entrepreneurial Motivation,” JRFM, MDPI, vol. 16(1), pages 1-18, January.
Mohamad F. Issa, 2020. “Understanding the Motivating Factors among Future Working Individuals,” International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 12(10), pages 1-68, October.
Prof. Kamal Kishore Jain & Kumar Kunal Kamal, 2010. “Reassessing the Curriculum-Competency Alignment in MBA Programs,” Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 1(1), pages 68-75, December.
Shetty, Bhavna R. & Gujarathi, Rajashree, 2013. “Students’ Perception About Management Education in India and USA,” MPRA Paper 48747, University Library of Munich, Germany, revised 2013.
Sujoy Chakravarty & E. Somanathan, 2008. “Discrimination in an elite labour market? Job placements at the Indian Institute of Management, Ahmedabad,” Discussion Papers 08-01, Indian Statistical Institute, Delhi.