IIM Placements 2013 Starts. Spots Fewer Students

IIM Placements have started for the year 2013. But, these B-Schools see fewer candidates attending the placement portal. It seems like the Placement needs is going weak among students.

The sources revelaed that some students are not yet placed and the top B-schools are connceting with more companies and extending their placment windows to ensure that the entire batch is placed.

Till now, number of Indian Institutes of Management have been finding it difficult to place 5 to 10% of its students within the given time peroid. And the sources say that the main reson behind this is attributed due to many firms and other financial institutions not recruiting much. Many firms have changes their recruiting plans due to the slow down in economy.

Simultaneously, the number of students in each batch has also been increasing every year. And the most strange part is that most of the companies have stopped hiring anymore via campus placments.

But still, IIM-Ahamedabad did not face any difficulties in placing its students. This year offers were made by arouns 130 companies where, Boston Consulting Group was the top most recruiter at IIM-Ahmedabad which recruited 15 students.

IIM-C, which had kicked off its final placements on March 3, has over five per cent of its 462-odd batch left without job placements. Krishanu Rakshit, placements chairperson at IIM-Calcutta said,"This is just a blip. This is because even while the economy has picked up the recruitments have been sluggish. But the situation is set to improve in a year or two.We are hopeful of placing them in the next two-to-three days."

IIM-Rohtak is hopeful of placing five per cent of its 123-odd batch in the next 2-3 days. "Last year our batch size was 47, this has increased to 123 this year.

A source at IIM-R revealed that if the students' expectations had been effectively channelized, the placement process may have been a lot smoother, and no one would have to wait. With a larger batch expected next year, students might not have the option of being selective.

Many other B-schools also had to extend their placements due to the selective attitude of their students. Quite a few students at Indian Institute of Management-Calcutta, too refused offers from companies because they were not in line with their future plans.

In Xavier's Labor Relations Institute (XLRI), Jamshedpur, 98% of the batch has been placed in 4 days. Four students declined offers because they were not satisfied. These students have now been placed abroad. Last year 98% of the batch had been placed in 3 days. 284 offers were made to 235 students last year compared with 255 offers made to 240 students this year. The average salary this year was 16.48 lakh per annum.