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IIM placements under weather, blame it on recession
Published on Sun, Nov 16, 2008 at 13:34, Updated on Sun, Nov 16, 2008 at 14:27 in India section
Tags: Iim Bangalore, Pacements , New Delhi
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New Delhi: The CAT is one of the most competitive exams in the country but aspiring students could find that admission to an IIM just might not get you that dream job.
This year more number of companies called IIM Bangalore to woo students with dream jobs and hefty pay packets. The companies participating in the placement went up to almost 100 from last year's 66. But that is on invitation and not because the popularity of these schools has increased.
"Number of offers per company have gone down. We had anticipated it and hence compared to 66 or so companies last year, we had invited close to 100 companies," said the Associate Professor of Placement at the IIM-Bangalore, Sourav Mukherji.
The initial pay packages offered are by and large the same this year too but IIM-Bangalore foresees that the packages for final placements could be higher.
That's because the students are only interns for about 10 to 12 weeks and pay packets offered may increase when final recruitment happens in March.
"It would be far greater a challenge for us when it gets to the final placement because companies are not recruiting. We have to try all our means just as we did during summer to reach out to companies and ask them to come and take our student," Mukherjee added.
The CAT entrance test held on Sunday gains significance on these counts. Will aspirants then stop eying B-school listing, then?
"I don't see that happening because close to two lakh 80 thousand students will be attempting. If at all (there are any effects of the recession) perceptible thing, then maybe next year. But again, one can't say much," Mukherjee said.
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