Slowdown comes calling on IIM-A
The global slowdown did not spare even the Indian Institute of Management, Ahmedabad (IIM-A), one of the top management institutes of the country. Prasad Nichenametla reports.Updated: Mar 04, 2009, 00:54 IST
The global slowdown did not spare even the Indian Institute of Management, Ahmedabad (IIM-A), one of the top management institutes of the country. Even after seven days into the final placement process, several students of IIM-A are still waiting for their dream job.
The placements, which started on February 25, went on till late into the evening on the seventh day – Tuesday. Normally, every year, the final placements are finished in five days, sometimes even less.
Sources involved in the placement process, who did not wish to be named, told HT that the process was expected to go on for another couple of days. The institute has to place 254 post-graduate programme students.
Though IIM-A is not revealing the exact number of students still waiting to be placed, it is expected that around 10 per cent of the students are awaiting the call.
“As the process is still going on, we cannot reveal how many students are placed till now... we will let you know everything in a day or two,” Samir Barua, director, IIM-A, said.
While companies are stalling their expansion plans that resulted in a decline in the number of jobs offered, even the pay packets offered are not in tandem with what is expected for the IIM graduates.
According to Madhavi Lall, regional head for south Asia, HR, Standard Chartered, while the offer made to a IIM-A student was Rs 12 lakh per annum last year, this year it has only seen a marginal increase to Rs 12.25 lakh per annum.