Job profiles score over salaries

Updated on: Wednesday, March 25, 2009

The placements season in various B-schools, including the Indian Institutes of Management(IIMs), is witnessing a new trend. With a dip salary packages offered, the placement process is taking longer to complete. However, according to faculty members and students, some changes are for the better.

The Department of Management Studies (DMS) at IIT-Delhi has completed placing its entire batch of 49 students, but not without difficulty. “Some recruiters backed out at the last moment; placements that earlier took three to four days now took over two months, and; there was a dip in the highest salary offered (Rs 15 lakh) as compared to the amount offered last year (Rs 20.7 lakh),” informed Chetan Kapoor, student placement co-ordinator at DMS.

However, student priorities have changed as well. “Earlier, salary was a top criterion for most students but now they are more focussed. They are taking their time in choosing a profile that will stand them in good stead,” said Munish Bhargava, corporate and placement advisor, Indian Institute of Foreign Trade (IIFT), Delhi. Bhargava added that with the highest salary offered this year being Rs 15 lakh, IIFT has experienced a 10% dip against last year. Also, about 8% students are yet to be placed.

There has also been a change in the profile of companies visiting the campus, with the number of PSUs and logistics companies increasing. Bhargava added, “Students are readily joining PSUs since they get to experience work life outside the corporate set-up. Besides, the increase in salaries in the Sixth Pay Commission, has helped this decision.”

At the Faculty of Management Studies (FMS), Delhi University, placement started in the last week of February. “Placements are almost over and most students have got jobs. However, the number of companies visiting the campus and the number of jobs offered per-company has reduced. There is also a dip in the highest salary offered. This year, the highest salary offered is Rs 20 lakh,” said Arvind Narasimhan, placement secretary, FMS. He added that many students have joined PSUs, choosing stability over brand, location and salary.

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Job profiles score over salaries

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