The prestigious Indian Institute of Management- Ahmedabad (IIM-A) has changed its final placement procedure. Following suit, two other leading IIMs- Bangalore (IIM-B) and Calcutta (IIM-C) are planning to make some changes in the final placement process for the coming year. Both the institutes are working on the new layout to make the final placement process convenient for both students and recruiting companies.
IIM-C placement official said, “In the next five-six weeks, we will introduce changes in the placement process. Companies have expressed that they want more time during placements. We, too, realised that it gets too stressful and hectic for students.” The changes in the final placement session also take into account that these institutes have increased their batch sizes. If we look at the present batch of IIM-B, there are 375 students as compared to 350 of previous batch. At IIM-C, there are 362 students and the number will increase up to 425 and 462 students at IIM-B and IIM-C respectively for the 2011-13 batch.
A professor at IIM-B said till IIM-A changed its placement process, most firms visited IIM-A, IIM-B and IIM-C during the same time of the year for final placements. A poor job market in 2009 had forced most Indian B-schools to review their placement strategy. In fact, the changes IIM-B and IIM-C will be in sync with that of IIM-A’s, where students and companies can get ample time to evaluate each other. “A spread out placement process will make our task easier to schedule firms during placements,” said the professor.
IIM-A was the first IIM to bring changes in the placement process last year, by bringing in the cohort-based system. According to this new process, every weekend companies from a particular sector will visit the campus as a cluster to recruit students. International investment banks and consulting firs formed the first cluster. The process carried on for well over a month. This new system will ensure more interaction time between students and firms.
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