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Friday, February 27, 2009

Campus placements go bust

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As the placement season peaks, final-year students at the country’s top business schools are coming to terms with a new reality — a cut in offers and salaries from prospective employers, and the chance of not landing a job at all.

At the Indian Institute of Management (IIM) in Bangalore, where placements begin on Friday students said , they would be happy to get as much salary as their seniors got a year ago. Their apprehension is not without reason.

Sample this: investment banks that in the past flocked to IIM Ahmedabad were missing in action as placements at the top-rated business school opened on Wednesday, only 49 companies showed up in the first phase of placement at IIM Calcutta earlier this week — down from 107 last year

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