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Business school campus placements: Students get domestic jobs before international offers
This year leading B-schools of India witnessed a rapid decline in global job opportunities. Offers from international enterprises have descended by 25 percent in IIM-Bangalore, 74 percent in IIM-Kozhikode, and about 20 percent in IIM-Calcutta. In addition, XLRI did not receive any international offer this year, reports The Economic Times.
BENGALURU: This year leading B-schools of India witnessed a rapid decline in global job opportunities. Offers from international enterprises have descended by 25 percent in IIM-Bangalore, 74 percent in IIM-Kozhikode, and about 20 percent in IIM-Calcutta. In addition, XLRI did not receive any international offer this year, reports The Economic Times.
Pondering over the situation, B-schools’ placement teams informs that, students are obtaining domestic offers prior to the international offers. And, with India emerging as the brightest spot in the global economy, students are more inclined towards domestic jobs.
“India will be the fastest growing major economy driven by investment, consumption and policy factors, which will boost employment,” says SV Nathan, Senior Director and Chief Talent Officer, Deloitte India. “Also, U.S. and European firms are expanding their presence here and so the companies are focusing more on hiring in India.”
Despite the fact that, BMW and Protiviti provided job opportunities for the first time in the management school, international offers submerged to 15 from approximately 20 last year at IIM-Bangalore. Similarly, at IIM-Kozhikode, international offers were only 4 compared to 15 last year and IIM-Calcutta received 21 in comparison to 26 in 2015. It is also an interesting scenario as both the batches of IIMs in Kozhikode and Kolkata, were already placed domestically by the time a few international offers arrived in the campus.
“This time, we finished placements earlier so not many international companies got a chance to make the offers,” says a source at IIM-Kozhikode placement office. “At times, domestic jobs offer a higher compensation. It all depends on the role and it is not always that an international offer is better than a domestic one,” says a student at IIM-Calcutta.
However, IIMs in Shillong and Indore, received almost the identical international offers as last year. Moreover, IIM-Kashipur has received international offers only from African countries this year unlike the preceding years, where it received offers from the Middle-East too. The international offers are fast losing their grip at XLRI as well and students are showing preference to work in the home ground as oppose to international opportunities.
source: techgig.com
