NEW DELHI: Placement offers at management schools have always revolved around fat salaries and big job offers. Not anymore. Now ‘group offers’ are a new trend in B-schools. Companies prefer to hire a big group from the same management institute as opposed to making offers to students from different B-schools. AT ISB, NIIT recruited two teams of four students as the core management team for a new business venture.
They have to set up the project from ground zero and have been offered equity stakes in the venture. “We interviewed 12 teams of students from ISB and finally made offers to two.We looked at not just experience, but also team spirit and bonding among the students,” says Smarajit Dey, president, strategic initiatives, NIIT.
Similar offers have also been given at IIM campuses. “Many companies have recruited more than one student for the same vertical,” says Mohit Singhvi, secretary, placement committee, IIM-Indore. At IIMKozhikode, Reliance Industries recruited many for its new venture fund for SEZ (Special Economic Zone). “They recruited in numbers to ensure good teamwork,” says Kartik Talwar, member, placement committee, IIT-K.
The rationale is simple. There is familiarity and bonding among students from the same institute and this helps if a company is embarking on a new venture.”We have been together for one year now.We know and trust each other. This will hold us in good stead as we embark on a new journey outside school and create a business from scratch,” says Samir Mehta, ISB. He was among those who bagged the NIIT offer.
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