NEW DELHI: After a strong run of placements at Indian Institutes of Technology recently, the final placement season at the country’s top business schools has also begun on a good note, with some premier institutes receiving job offers for entire batches within days.
Sources in the placement division at the Indian Institute of Management, Calcutta said that the instituted completed placements for all outgoing students in two days this week. Similarly, all students at some other leading B-schools, Xavier Labour Research Institute, Jamshedpur and IIM Lucknow were offered jobs within four days.
The institutes, however, did not reveal the salary packages offered to students.
At IIM Ahmedabad, the first two cluster placement rounds are over and one more is likely to end by Friday, a Press statement from the prestigious institute said.
IIM Bangalore has received 150 pre-placement-offers (PPOs)—40 per cent of its entire batch size—before the start of the final placement scheduled for this weekend.
Many other B-schools, such as Indian Institute of Foreign Trade, the RP-Sanjiv Goenka Group-promoted International Management Institute in New Delhi and several new IIMs have also completed their placements.
“This has been a good year for both summer placements as well as final recruitments,” said a placement section official at IIM, Calcutta.
Along with the quality of teaching, the economy was cited as a reason for the strong show by IIM Lucknow. The B-school said that this year saw over 20 per cent increase in the number of PPOs, and a 30 per cent rise in the number of offers from the higher entry placement process.
Among sectors, general management, consulting and financial firms have been the lead recruiters. At IIM, Ahmedabad, Airtel came up with the highest number of offers so far, followed by Tata Administrative Services.
“The placement season, first in IITs and now at IIMs clearly show that all the apprehensions about a sluggish job market are unfounded,” said Varun Vishwa, a senior executive with a leading e-job portal. “After IITs recorded salaries as high as over `1 crore from top tech recruiters and a placement record well upwards of 90 per cent, IIMs are also following close on the heels.”
Last year too, top B- schools of the country, IIM Ahmedabad, Bangalore, Lucknow and Calcutta had registered 100 per cent placement and some of the students were even picked up by the government’s top policy-making body, the Niti Aayog.
150 pre-placement-offers (PPOs) received by IIM- Bangalore, which is 40% of its entire batch size, before the start of final placement scheduled for this weekend
20% increase in the number of PPOs, and a 30% rise in the number of offers from the higher entry placement process at IIM Lucknow
100% placement was registered last year too at top B- schools of the country, IIMs Ahmedabad, Bangalore, Lucknow and Calcutta