Placement scene at numerous business schools definitely had a different color this time. Blame it on recession or collapse of some of the highest paying financial giants but most of the top colleges witnessed a drop or two in the average salary received. The situation of private enterprises can be summed up one word; cautious. So who takes the cake this year and who hogs the limelight? Well, the good, old Indian PSUs and government banks have provided that much needed support to the final placement at India’s premier colleges. For example, PSU recruited more than 65 students in the just concluded campus placement at IIM Lucknow. If we compare this figure to last few years then that’s definitely a giant leap as far as numbers are concerned.
Indian public sector units (PSUs) and especially ‘Navratnas’ have played a savior act in this year’s placement. Companies like SAIL, BHEL, ONGC, Coal India, SIDBI, NTPC, GAIL, Union Bank of India and Bank of Baroda etc have played a crucial role in selecting bright students from reputed management schools.
Compare the situation with last year when just a handful of PSU visited campus and they too returned empty-handed because of lack of interest shown by students. In one year, everything has changed. Now students are opting for job security than fancy pay packages and glamorous locations. One distinct change was that, very few students even at IIMs, got multiple offers. Few students also opted out of placement to start their own ventures. Overall, things have been better than what was expected.
Thursday, April 30, 2009
Placement Scenario- 2009
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Market condition is bouncing back now....hoping it will fully recover in 1 or 2 years. So in this situation, Planing to pursue MBA is not a bad idea at all. After 2 years when 2 complete your degree, all companies would be back on hiring new employees. So people who are quitting their plans for MBA due to bad marketing condition and lack of placements should not quit their decision. Despite of these things, i think this is the best time to go for higher education as now finding a good job is big problem, so in the mean time when market bounce back, you should enhance your skills by utilize this hard Time.
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