Slowdown Hits Campus Placement

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    Slowdown hits campus placePlacement season drags on as B-schools find it difficult to get jobs for students, despite making VINAYUMARJI

    Ahmedabad, 9 May

    Even as B-schools getready to hold their con-vocation ceremonies

    and host new batches, place-ment on campuses is far fromover. This, despite the fact thatB-schools tinkered with theirplacement process this year,introducing changes to beatthe slowdown blues by bring-ing in policies like a spot offersystem, deferred placements,giving preference to domestic

    companies and approachingmore companies on campus.Placements at B-schools

    usually begin in December andget over by March-April. Thisyear, however, the process hasdragged on for longer than usu-al. For instance, at the Instituteof Management Technology(IMT), Ghaziabad, about sevenper cent of its batch of 424 stu-dents are yet to be placed.

    Due to the slowdown, com-panies hired cautiously this

    year and reduced the numberof recruits compared to lastyear, Shridhar Guda, chair-person, placements, IIM-Kozhikode, had told BusinessStandardearlier. His views areshared by a faculty member at

    Indian Institute ofManagement, Ahmedabad,who says their campus, too, hasseen a cautious approach bymost companies. The averagenumber of offers per companystood at 2.35 however, IIM-K

    has seen an increase of sevenper cent in its average salaryacross sectors, he added.

    Many B-schools haveadopted the spot offer strate-gy, under which if a student hasan offer in hand and bags

    another, he or shto opt out of thprocess. This wil

    better opportunita job. IIM Calcubrought down thoffers per studenyear, against threin any given year

    Inviting new ccampus has beenegy which hasschools tackle thNearly 30 per cepanies have particfirst time in ou

    process. This hestudents, as mandid recruit in bigthey used to do Amit Dhiman,chairperson at Institute of MCalcutta. Consuhowever, recruinumbers, he add

    IMT, Ghaziahad invited onfirms last year, h140 this year. Y

    A LONG-DRAWN AFFAIR Placements at business schools usually begin in Decemberand getover byMarch-April. BS PHOTO