One thing that many of us haven't yet got right is the fact that going to B -School is NOT going to a placement/career fair. But that is the way the B-School advertisers, media and even alumni have projected it. And it will stay no matter what anyone says.
One crore + salaries are abundant in B-school placements in India. Every IIM boasts for at least 1 if not more 1CR+ salaries. The media goes ga-ga about it. And IIMs, the institution that is responsible for generating talent that will help India move forward, has just become a placement factory like any other private B-school, only with better results. Doesn't it look queer when a MBA grad from IIM, with 1 or 0 years of experience gets a 1 CR salary? Either something is wrong with the company/industry that is hiring him/her, or he/she is so exceptionally talented - in which case we can use that person to help us get out of such economic crisis as the one we are facing.
The pressure of students in IIMs about placements, and the reports that they drink their sorrow just shows what wrong set of candidates the institutes have admitted in the first place. Aren't these students just trained to cope with crisis and provide leadership to situations? Instead of fighting for placements, losing hope and drinking in sorrow, aren't these top notch exceptionally talented MBA grads supposed to provide leadership to themselves, their institutes and be creative to steer out of crisis?
What is the point in hiring those with great 1CR salaries, when they are fighting like cocks for jobs? Even amongst the IIMs, there is a bitter cold war across the A,B,C,L institutes to "claim" companies for placements. They have also been playing by moving their placement dates up and down to get the companies "first". And worse, they have gone to connect with thousands of companies, who have been ignored and ashamed by the same institute all these years.
What is worse, one can blame this "placement focused" attitude and curriculum of IIMs as the base for killing enterpreneurship and arming students with skills to survive and compete.
The management boards of IIMs should come together to declare that they would stop babysitting their students for placements. Going to a B-School is to arm onself with skills that will help him/her to be successful as a leader and create a vision. It is not a placement fair. And of all places, institutes like IIM should start setting right examples.
Recruiters can wake up and stop being irrational in recruitment. And for Godssake, the usually stupid media can stop evaluating B-schools in terms of top salaries and placement statistics.
One crore + salaries are abundant in B-school placements in India. Every IIM boasts for at least 1 if not more 1CR+ salaries. The media goes ga-ga about it. And IIMs, the institution that is responsible for generating talent that will help India move forward, has just become a placement factory like any other private B-school, only with better results. Doesn't it look queer when a MBA grad from IIM, with 1 or 0 years of experience gets a 1 CR salary? Either something is wrong with the company/industry that is hiring him/her, or he/she is so exceptionally talented - in which case we can use that person to help us get out of such economic crisis as the one we are facing.
The pressure of students in IIMs about placements, and the reports that they drink their sorrow just shows what wrong set of candidates the institutes have admitted in the first place. Aren't these students just trained to cope with crisis and provide leadership to situations? Instead of fighting for placements, losing hope and drinking in sorrow, aren't these top notch exceptionally talented MBA grads supposed to provide leadership to themselves, their institutes and be creative to steer out of crisis?
What is the point in hiring those with great 1CR salaries, when they are fighting like cocks for jobs? Even amongst the IIMs, there is a bitter cold war across the A,B,C,L institutes to "claim" companies for placements. They have also been playing by moving their placement dates up and down to get the companies "first". And worse, they have gone to connect with thousands of companies, who have been ignored and ashamed by the same institute all these years.
What is worse, one can blame this "placement focused" attitude and curriculum of IIMs as the base for killing enterpreneurship and arming students with skills to survive and compete.
The management boards of IIMs should come together to declare that they would stop babysitting their students for placements. Going to a B-School is to arm onself with skills that will help him/her to be successful as a leader and create a vision. It is not a placement fair. And of all places, institutes like IIM should start setting right examples.
Recruiters can wake up and stop being irrational in recruitment. And for Godssake, the usually stupid media can stop evaluating B-schools in terms of top salaries and placement statistics.
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