Finance Sector Dominate IIM Placement Less This Yr

Almost all IIM's are on track with the placement process. If some of them have started, some are yet to start in upcoming days. But this year the finance sector may not dominate in the campuses of these institutes as very less offers are expected from the finance sector companies.

The IIM's are clouded with the fear that market slowdown could discourage investment banks to visit the campuses for hiring. However, placement officials revealed that sales and marketing and consulting services sector will compensate the lesser number of recruitment’s by investment banking sector due to the global economic slowdown. Other emerging sectors along with human resources and e-commerce are also expected to visit the campuses and hire in large numbers.

Consulting sector has come up as a major recruiter in the past few years. This year the consulting sector is expected to hire large number of students from IIM-A. The sources from IIM-C revealed that the institute is not expecting the companies from finance sector to extend large number of offers this time due to the finance companies laying-off employees at large scale this time.

Generally, investment banks extend only Pre-Placement offers and fail to visit the campus for offering final placements. Some investment banks which visited the campus in 2011 will not come for placements this year. Some of the regular recruiters offering highest salaries include Goldman Sachs, Deutsche Bank, Standard Chartered, Nomura, Bank of America Merrill Lynch and Royal Bank of Scotland.

Unlike IIM-A, IIM-C follows day-based placement system and will conduct the final placement process from February 20 to 25, 2012.

Source : Economic Times