IIM News Network
CollegeKhabar.com
August 31, 2010
Pre-placement offers (PPOs) for students of the country’s top notch business management institutes, IIMs, have started pouring in much ahead of schedule.
PPOs are made by companies to candidates who intern with them for around two months during the summers. Early offers indicate employers want to retain talent ahead of the final placements in January next year. Better corporate earnings over the last one year has boosted job prospects in the country as companies are looking to expand operations after going slow on recruitment with bare minimum increments till last year.
Companies across sectors are looking to hire and they would surely use PPO as a medium to lap up good talent from across IIMs as there is a sense of familiarity on both sides, said a senior human resource executive who recently moved from a pharma company to one of the country’s biggest conglomerates. “The war for talent is definitely going to be more intensive this year,” he said requesting anonymity.
IIM Calcutta has reported 37 PPOs, more than twice compared to 15 such job offers received by its students in the same period last year. This means that nearly 10% of the batch already have a job offer, a mark they could achieve only around October last year.
This year, PPOs at IIM-C include those from consulting firms McKinsey & Co, Boston Consulting Group, Bain & Co and AT Kearney besides international banks such as UBS, Nomura and Morgan Stanley. Majority of the offers from these banks are for international positions like Singapore, London and New York.
Apart from MNCs, Tata Administrative Services and Hindustan Unilever have also offered jobs to students at IIM-C. About 18 students are also going through pre-placement interviews at the campus, most of which are likely to get converted into PPOs in the coming days.
Both IIM-A and IIM-B did not disclose the numbers but said that PPOs have primarily come from consulting firms and a few investment banks.
Source: EconomicTimes.com
Tags: IIMs, IIM Placements 2010-11, Indian Institute of Management placements, Pre Placement Offer
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