RECESSSION BITES B-SCHOOLS
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Tough task for IIM grads: getting a good job
Published on Fri, Feb 27, 2009 at 14:06, Updated on Fri, Feb 27, 2009 at 15:34 in 
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New Delhi: The Indian Institutes of Management, the country’s best business colleges, have a tough task at hand: getting jobs for their students.
The global recession is squeezing India—the country’s economy grew at its slowest annual pace in almost six years in the December quarter—and IIMs are feeling the heat too. Placements season this year is not looking quite as promising as it had during the growth years.
The number of job offers at IIMs in the first round of placements have fallen 50 percent from last year. Salaries on offer are also sharply lower, and only around 10 percent of the students have been placed this year. The figure was 40-50 percent last year.
IIM Ahmedabad seems to be the worst hit. Only 10 companies turned up on the first day of placements and made 15 offers. On the first day last year, 30 companies made 90 offers. Also, the highest salary offered this year has been Rs 25 lakh per annum, compared to against Rs 1.44 crore last year.
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Such an Irony, the most qualified people in India you would think would care less about someone else giving them
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Dear Sir
COULD WE CALL IT A FAR REACHING IMPACT
PERHAPS YES-PERHAPS NO
THANKS
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Excellent report. Well done.
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