While hiring sizzles, newer IIMs on slow-burn

While hot job offers are coming back to the older IIMs, hiring at the newer ones has been a lukewarm affair so far.

The final placements at the six newer IIMs started between December and January, and are yet to wrap up despite a smaller batch size.

“We are a new IIM and, therefore, we need to try harder for placements,” said Dwarika Prasad Uniyal, the placements chairperson of the Uttarakhand-based IIM Kashipur.

“Kashipur being a manufacturing hub, various offers have come from manufacturing and core sectors, offering roles in logistics, and supply chain management,” he said. The PGP 2014 batch of IIM Kashipur has a strength of 40 students.

The situation is similar at IIM Udaipur. The final placements for the PGP 2014 batch at this IIM started in mid-December and the process is still on.

“The job market is not very good, but we are getting good profiles,” said a member of the placement committee at IIM Udaipur.

The domestic median salary at the institute stood at Rs 9.82 lakh last year with most offers coming from the IT, BFSI and core sectors.

With some of the IIM Calcutta’s faculty at the helm, IIM Ranchi has fared better than some of the newer IIMs in terms of placements.

“The number of companies visiting the campus has increased and the recruitment is better than last year’s,” said Devanshu Kewlani, a senior member of the placement committee. “Various banks, IT and manufacturing sectors are among the top recruiting sectors at this IIM far.”

The final placements at IIM Ranchi started in January second week with a total of 148 students participating in the process. The average domestic salary at the institute was Rs 12.4 lakh last year.

Though it is yet to be seen which IIMs fared better than last year in terms of salaries, the number of pre-placement offers (PPOs) at the older IIMs is much higher than those at the newer IIMs.

For instance, the number of PPOs offered at IIM Rohtak is two this year – extended by Berger Paints and Tata Motors – while at IIM Calcutta such offers stand at more than 100 for the current year.