IIM Bangalore grads slogging in tough times
The Indian Institute of Management, Bangalore(IIM-B) is relieved now that its outgoing post-graduate programme (PGP) batchof 242 students has secured jobs at an extended campus placement.
Of the 249 grads, seven opted out of the placementprocess, which concluded Monday, for pursuing their entrepreneurial dreams.About 20 percent of the graduating batch are women - the highest figure acrossthe state-run IIMs in the country.
Unlike in the boom times, the recruitment process began on a sedate note whenonly 64 grads were hired on the first day, Feb 27, termed as slot zero, asagainst 133 in 2008. About 40 percent of women grads were placed in slot zero.
In all, 97 overseas and Indian firms, including seven state-run public sectorenterprises (PSEs) came calling to offer placements as against 64 companies in2008. Among the PSEs were GAIL, HPCL, BPCL and SEBI.
"We had more companies this time due to less offers from regular firms. Inthe absence of some reputed international firms like Lehman Brothers andothers, we not only invited more companies for placements, but also extendedthe recruitment process by a week," IIM-B faculty member (placement)Sourav Mukherji admitted.
The global meltdown and financial crisis in the US also led to a sharp fall ininternational offers. Only 25 offers were made this time as against 75 in2008. "Offers from consulting firmsremained the same (25 percent) as last year, while it is 28 percent from theBFSI sector and seven percent from investment banking this time. Indian ITbellwethers such as Infosys and Wipro and global IT major IBM made offers inconsultancy and business development," Mukherji said.
Of the 249 grads, seven opted out of the placementprocess, which concluded Monday, for pursuing their entrepreneurial dreams.About 20 percent of the graduating batch are women - the highest figure acrossthe state-run IIMs in the country.
Unlike in the boom times, the recruitment process began on a sedate note whenonly 64 grads were hired on the first day, Feb 27, termed as slot zero, asagainst 133 in 2008. About 40 percent of women grads were placed in slot zero.
In all, 97 overseas and Indian firms, including seven state-run public sectorenterprises (PSEs) came calling to offer placements as against 64 companies in2008. Among the PSEs were GAIL, HPCL, BPCL and SEBI.
"We had more companies this time due to less offers from regular firms. Inthe absence of some reputed international firms like Lehman Brothers andothers, we not only invited more companies for placements, but also extendedthe recruitment process by a week," IIM-B faculty member (placement)Sourav Mukherji admitted.
The global meltdown and financial crisis in the US also led to a sharp fall ininternational offers. Only 25 offers were made this time as against 75 in2008. "Offers from consulting firmsremained the same (25 percent) as last year, while it is 28 percent from theBFSI sector and seven percent from investment banking this time. Indian ITbellwethers such as Infosys and Wipro and global IT major IBM made offers inconsultancy and business development," Mukherji said.
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