IIMs to diversify profiles of firms for placements

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New Delhi, Apr 23 Hit by the slow down in hiring by its traditional sources of recruitments like investment banks, marketing and consulting Companies, the Indian Institutes of Management (IIMs) are set to tap new sectors and diversify the profiles of firms for placements for students.

From this year, the premier business schools have indicated that they may look at booming sectors like civil aviation and media.

Raman Thukral, placement representative, IIM-Calcutta told FE that Boeing has already confirmed to visit the campus for recruitment. This is the first time the world’s largest aircraft maker is visiting any IIM for placements.

This apart, domestic aviation Companies have also shown interest in hiring fresh graduates from IIMs.

“This is the first time we are planning to tap the civil aviation sector for our placements. This is a result of the huge investments pouring into the sector. In addition, we are looking at media too, which was initiated only last year,” Thukral told FE.

That apart, a host of private equity firms have also evinced interest in visiting the IIM campuses. An IIM-Ahmedabad student said that though there has been a general slowdown in job generation, the IIMs have not been affected. “Going ahead too for this year’s summer and final placements, we feel that the IIMs would not be affected, though it is too early to say anything concrete,” the student said.

It is also understood that the mood was not very upbeat during the final placement season, which got over last month. While placements of students get completed within the first three days, this time, the process took longer. “This shows that signs of slowdown,” a student, who wished to remain anonymous said. Most major banks and marketing Companies generally visit several business schools for their recruitment. However, this year, they resorted to selective recruitment exercise and visited only the top b-schools.

Unlike other years, when students bag multiple jobs through the campus recruitment process, this year, they had fewer in their hands to choose from.