Monday, October 04, 2010

IIM-Ahmedabad pushes for placement reporting

The Indian Institute of Management-Ahmedabad (IIM-A ) has decided to introduce placement reporting standards for all B-schools in the country to bring in greater objectivity and uniformity in the manner placement reports in B-schools are projected in the media.

The decision was taken in a recruiter conclave organized by IIM-A on Friday in Mumbai. Around l60 recruiters, including those from Morgan Stanley, Standard Chartered Bank and Indian Bank, were present. From B-schools, placement coordinators from institutes such as IIM-Calcutta, IIM-Shillong, IIM-Lucknow, IIM-Indore, S.P. Jain Institute, ISB-Hyderabad and others were present.

Inputs were taken from placement chairs of other institutes and recruiters present at the conclave. However, IIM-A decided it would soon draft a proposal and send it to all stakeholders for further discussion. Placements Chairperson at IIM-A Saral Mukherjee said: "We'll try for a consensus among B-schools to publish the standards very soon. The standards will have guidelines as to what details of the students placements and the pay packets offered were to be shared with the media by the placement cell and what was the appropriate time to do so."

Referring to the general trend of recruiters offering packages in terms of Cost to Company (CTC), which is very different from what a student will actually gets, Mukherjee said: "We will be requesting the companies to be clear on the components of the package like joining bonuses, one-time relocation expenses, variable components and so on, so that there can be more clarity."

Source: The Times of India, October 4, 2010
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