MUMBAI: Recessionary trends seem to have hit Tier II B-schools harder than the top rung management schools this year. While offer letters from top corporates were revoked at some of these campuses, others were not assigned duties promised earlier.
Sources say that corporates cite reasons of downsizing and restructuring for the changes made Says a student from Pune based Symbiosis Institute of Management Studies (SIMS), “Had such developments happened at the Indian Institutes of Management (IIMs), these companies would have been black listed.”
Says Parag Singh (name changed) who is working in the KPO division of Infosys BPO in Bangalore, “We were offered job profiles either in the equity research or the fixed income research department. After we arrived, we were told that there is no such profile and that the only client, i.e. Deutsche Bank was gradually pulling out since the bank had a captive in Mumbai. We were thereafter given an option to move to other departments. Also, at the time of hiring we were told that if we quit within six months, we would have to pay back Rs 50,000 sign on bonus. But now we are being told that this period has been extended to a year.”
When contacted, an Infosys official called it “differences in opinions” and refused to divulge further information. Infosys BPO had visited Pune based Symbiosis Institute of International Business (SIIB), SIMS, Chennai based Great Lakes Institute of Management and Mumbai based Welingkar Institute of Management among others B-schools .
View Source
No comments:
Post a Comment