‘Pool placements’ gaining popularity among city management schools
With recruitment drives coming to a close in B-schools in Mumbai, the trend of recruiting through pooling in campus placements seems to have caught on with companies.mumbai Updated: Jul 16, 2013 10:15 IST
With recruitment drives coming to a close in B-schools in the city, the trend of recruiting through pooling in campus placements seems to have caught on with companies.
Pooling placements/recruitment means that students from different B-schools meet the recruiter together at a common location, either at a host B-school or at the recruiter’s office.
Through this system, students who don’t get placed in the oncampus placements are given job opportunities.
At Prin LN Welingkar Institute of Management Development and Research, pool placements have been quite popular with students.
“Around 15-20 students are placed for every company which asks for such a recruitment method,” said Anjali K, member of the placement cell.
While for companies this method saves time and they get a wider selection of students to interview, some management institutes feel that on-campus placement is a better option.
“Companies which have pool placements generally come at the end of placement season in MayJune. By that time most of the ‘creamy-layer’ of students is already placed and so they offer a lower package compared to oncampus”, said Hari Sabnis, counselor, placements cell, K.J Somaiya Institute of Management Studies.
This year, out of 550 students, around 40 were placed through pool recruitment, according to Sabnis. Apart from major Bschools, such a system benefits small-scale management institutes which big companies usually do not visit for on-campus placements, said Sabnis.
Companies like IndusInd, Novartis, TCS etc have been conducting pool placements for some time now.
While colleges say that the companies pay lesser through pooling placements, the latter deny the allegation.
“We have pool placements only for posts like operations and systems, which generally have a lower pay-package than that of a management post,” said an HR executive of a core company.
Some students, however, feel that such a system does not really benefit students. “Apart from the pay being less, the designation offered in such pool recruitments are below that of management trainees,” said an MBA student.