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By DEVINA SENGUPTA & SREERADHA D BASU, ET Bureau | 26 Jul, 2013, 06.38AM IST
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With markets on a yo-yo, students are expected to accept the
PPO offers rather than wait for a comparative one.
Top B-schools breathe easy as hiring
scene looks stable despite a sluggish
economy
READ MORE ON recruiters | PPO | IIM Calcutta | IIM | HUL
BANGALORE/MUMBAI: The first flush of
pre-placement offers (PPOs) being issued
at IIMs this month suggest top recruiters
are keen to maintain campus hiring at last
year's levels despite a sluggish economy,
which is a relief for top business schools.
IIM Bangalore has received 45 PPOs,
almost half the number it got at this time
last year. This is good news for the
college, which has 377 students to place
this year. The total number of PPOs
received last year was 97 from 48
companies. "We are hoping we receive as
many this year and maybe a few more,"
says Sapna Agarwal, head of Career
Development Services.
PPOs are job offers given to students who have interned with the companies during their
summers in April-May. They trickle in from Juneend and continue till December.
The bulk of these offers come in around September. With markets on a yo-yo, students
are expected to accept the PPOs rather than wait for a comparative one. After
internships, consulting and FMCG companies typically pick up students faster than
those from other sectors.
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"Volatility will not impact our hiring from the premier management colleges, because the
graduates help us build leadership pipelines," says Rajesh Padmanabhan, corporate
vice president and chief human resources officer for Capgemini. The IT company was
the second largest recruiter from premier B-schools last year, and hired 70 graduates.
They will look at a similar number this year as well.
Hiring from engineering campuses may take a hit because engineers are picked up in
large numbers, but volatile markets do not affect those who hire management graduates
from IIMs and premier colleges, he adds.
Bangalore-based Wipro BSE -0.79 % , which secured the spot of the third largest recruiter
from a premier B-school with 68 offers last year, has a similar outlook for 2013. "Despite
volatile markets, we will not reduce our intake of management graduates from IIMs,"
says a top executive who does not wish to be named. Around 60% of these students
come in through PPOs and the IT company will roll out a similar number of offers this
year, says the executive.
Consulting major Deloitte will keep an eye out on the fluctuating markets. "Our numbers
should match last year's and it will not see a drastic slash for sure," said P
Thiruvengadam, senior director, Deloitte India. The firm had rolled out 68 offers to
students from premier management institutes in 2012.
This time, IIM Lucknow has seen representatives from consulting and FMCG pick up
students. The college has received more than 25 PPOs till date, while last year it
received a total of 72 PPOs. And although they have a massive batch of 430 students to
place, there have been PPOs from firms like The Boston Consulting Group (BCG),
Aditya Birla Group, HUL BSE -0.61 % , TAS and Accenture.
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some gud news
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The market is dim, need more reforms to revitalize.
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PM & FM have failed miserably
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B Schools backbone of Indian Corporate Houses
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one of the eco times article showed that unplaced students are 30% at IIM B. lets see what
is the decrease in this percentage.....
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I don't think there was any such article regarding IIM B.IIM B finished its
placements as per their schedule. Across IIM A,B,C, only 55 students
were left unplaced at IIM Cal who got placed during rolling process.
Please check facts before posting.
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Wow what a news. Two days back this paper reported MBAs are no longer passport to
jobs, mentioned MBA colleges are struggling, only 20% placements from IIM is happening
and today this very paper reported there MBAs are back in demand. Seems some magic
happened in 2 days ... Will wait eagerly what news is reported on this subject in next 2
days. Excellent news reporting. Should be awarded
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Its because ET has one of the worst reporting standards. None of the
IIMs among A,B,C release placement information other than in their
official press release. The official press release comes only in Nov &
Mar. All these articles regarding IIM placements by Ms Sengupta & Ms
Basu are based on hearsay and speculation. Poor state of ET...has lost
its credibility once commanded...more of a tabloid now interested in
mere sensational news.
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Well its good.Because of IIM's reputation of delivering quality students. But just think about
thousands of Students who would be coming out of other Business Schools.Will they get
anywhere near to their Dream start in their career??
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IIM's their credibility is still alive in India..many companies are still coming and recruiting by
offering the same high packages as like as before..KUDOS TO IIM'S
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It is very natural that top management B schools will get effected since the number of
vacancies in our country is quite huge and will defenitely absorb the cream of
management. It does not reflect the situation for other less B schools which are less
popular. They have to accept whatever crumbs is left out.
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iim's have that flair to attract cos
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Premier colleges should be thankful to these companies....Coz, in this stumbling and
unsteady economy, They ain't leaving the hands of IIMs and other top B-schools...I myself
graduated from a Tier-II B-school can understand how bad the current scenario is!!!!
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