Management placements – a reality check!
Ipsita Sarkar Gupta | shiksha.com
Getting in top B-schools of the country doesn’t necessarily mean an awesome placement with a fat paycheck. Feeling the corporate blues this season, several management institutes including the IIMs are struggling to place a remaining small percentage of students.
“Earlier, there were only six IIMs. Now, the number has increased to 13. On top of it, the number of seats has also gone up. So, we have to place 2,800 students – which is not an easy task. The economy needs a serious boost,” commented an IIM placement officer on condition of anonymity.
Commenting on the issue, media coordinator of Faculty of Management Studies, Preethipuram said, “The companies are not doing well. The economy impacts MBA placements.” She refused all queries on number of students left to be placed.
About two weeks ago, when shiksha.com contacted IIM Lucknow to enquire the final placement scenario, a student (on condition of anonymity) said that more than 20 students are yet to be placed. However, on Tuesday, placement cell chairman Prof Rajesh K. Aithal refuted such statements and claimed that IIM Lucknow had completed their placements and were looking to release the official report within four days. The situation is no different at IIM Rohtak with six more students yet to be placed. Here too, the officials hope to release the report within a week.
At MDI Gurgaon, there has been no increase in seats. Yet, the institute is experiencing placement blues. “Out of 334 students, about 15 – 20 are yet to be placed. There has been no international offer this year. Though the number of firms coming for placements has increased this season (over 150), their requirements have gone down. There’s a hiring freeze everywhere – both domestic and international,” said placement cell member Shemal Gandhi.
The economy and increased number of seats are not the only factors to blame. According to a recent MBA graduate from IIM Calcutta, both students and institutes tend to be choosy. “Students often give companies a miss if pay packages are not up to the ‘IIM’ expectation. Institute authorities also do not want the average pay to go down,” commented the student, choosing to remain anonymous.
Check out final placements at IIM this season.
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