Known for attracting top companies from across the world and the country, the Indian Institutes of Management (IIMs) have started their placement season with a bang. In a matter of days, the institutes have managed to place the entire outgoing batch, indicating an uptick in the job market could be getting healthier, according to a report in Mint.
Around 38 percent of the students of IIM Bangalore had received pre-placement offers while IIM Calcutta took two days to complete the placement process. IIM Lucknow and XLRI Jamshedpur finished the placement in under four days.
Other B-schools, such as International Management Institute in New Delhi, the new IIMs, Indian Institute of Foreign Trade also saw companies lining up with job offers.
Consulting and financial sectors were the top recruiters in the institutes. In Lucknow, 23 percent each were for these sectors, while in IIM Calcutta, the percentage was 50, the institutes told the newspaper.
Companies in the recruiters’ list, apart from the various public sector entities, were JP Morgan & Co., Bank of America Merril Lynch, Morgan Stanley, Bessemer Venture Partners, Goldman Sachs, Citibank, Avendus Capital, ICICI Bank, Wipro Ltd, Amazon, Oyo Homes, the Aditya Birla Group and ITC.
The report quotes experts saying that placements at top B-schools do not reflect the job market as a whole, but is indicative of the job environment, which they expect to be much better than last year.moneycontrol