Thursday, February 9, 2012

IIM Placements: IIMs come up with new ideas to fight placement downturn

Indian Institutes of Management are leaving no stones unturned for their placement process to overcome the downturn of the market. IIM-Indore has tied-up with some placement consultancy firms. The main purpose behind this practice is to help all those students who might look other avenues for a job once the placement session gets over.

Anmol Bhalla, coordinator (placement committee) IIM-Indore, said, “The idea is to get jobs in line with students' expectations, both in terms of profiles and salaries.” This year as IIMs are expecting that less number of recruiters will visit their institutes to recruit students, to overcome from this situation IIM-Kozhikode is asking each student to accept just one offer rather than having plenty of options in their hands.

G Sridhar, chairperson, placements, IIM-Kozhikode said, “Recruiters have definitely become more cautious. Many regular recruiters who previously hired in large numbers have decreased their hiring and many others have declined to participate in placements this year.”

IIM- Bangalore is working on the same pattern and made some changes in the process. This year the placement will be held only on weekends. This time they are not following the previous pattern of conducting placement throughout the weekdays. Rajesh Aithal, chairperson, placements at IIM-Lucknow, said, “Many more new sectors and areas have been added - like e-commerce , human resources, among others.”

Atreyi Bose, member, student placement committee, IIM Ahmedabad , said: "We are reaching out to new companies and sectors which students have shown interest in joining." He further added in this context that many companies are still looking for talent from IIMs and want to participate in the placement process.

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