The Hindu : National : Foreign placements losing their sheen for IIM-A students

Online edition of India's National Newspaper
Wednesday, Mar 14, 2007
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National

National

Foreign placements losing their sheen for IIM-A students

Special Correspondent

— File photo: Paras Shah

Students of Indian Institute of Management-Ahmedabad on their campus.

AHMEDABAD: An increasing number of the Indian Institute of Management, Ahmedabad, students are preferring to work in India overcoming the fascination to go abroad or are opting out of the placement rituals to start their own ventures.

The final placements of the current batch of the IIM-A two-year post graduate programme, which completed on Monday evening, saw 124 national and international companies, 14 more than last year's 110 companies, recruiting all the 224 students in the first two days after 11 opted out of the placements or rejected offers to start their own ventures.

As high as 72 per cent of the students have accepted offers to work in India, while only 63 students of the total of 235 have accepted international placements — 13 per cent would be in the United Kingdom and 8 per cent in the United States. In the placements last year, six students had opted out to start their own ventures. There were 11 students who rejected international offers in preference to working in India.

IIM-A director Bakul Dholakia claimed that the fear of weakening market and possible global recession had not affected the IIM-A which saw finalisation of placements of 140 students at the end of the first day itself. IIMA students received offers with an average increase of 40 per cent over the last year's placements.

The highest international acceptance ranged from $ 2.25 lakh to $ 3 lakh a year, as against $ 1.85 lakh last year, and the highest domestic offers ranged from Rs. 60 lakh to Rs. 1 crore a year, as against Rs. 34 lakh last year.

He disagreed that the caste-based reservation system had in any way proved detrimental to the growth of the IIMA.

He said of the total, 43 students in the current batch belonged to the scheduled castes or scheduled tribes category and they have fared as well as others and had received equal placement offers.

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