This year placement scenario has been less than impressive. Unlike other years, hype normally associated with IIM placement was definitely missing. If we talk about statistics, total 97 companies participated in IIM-Bangalore placement season and all of 250 students got placed. Every year placements taking place at India’s premier institutes IIMs generated lot of hype and hoopla but this time scenario was slightly different and quite.
Because of economic recession and doomed fate of some of the top notch financial giants, placement was expected to be low profile. However, the point of concern was how IIMs would fare. Tier-II colleges were expected to face hard times. The big change witnessed this year was increased participation of public sector enterprises instead of regular private sector giants. Talking about IIM-B placement, it was never a question of how many students will be placed. Rather, the question weighing on everyone’s mind were what will be the average salary offered and how many offered students get.
Unlike previous years, this time participating companies dictated the terms and students also preferred to join an Indian firm in the country rather than going abroad. Last year the number of participating companies was 66 whereas this time the figure notched 97 because of the extra precaution taken by placement committee. Officially, there is no mention of average salary offered but sources reveal it has significantly come down. Investment banks were expectedly absent this time around. Sector wise, 25 percent of the batch landed jobs in consulting firms followed by 29 percent in financial firms and 16 percent in marketing. Overall despite the downturn prevailing all around, things were not that bad.
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