The final placement season is currently underway in some B-schools and management departments. And the time to analyse speculations made about the global economic recession's negative affect on placements is now at hand. So far, students at these B-schools are generally content with their placement opportunities. The management departments that have started placements for their final batch include the Indian Institutes of Technology (IITs) at Chennai and Kanpur, Goa Institute of Management (GIM) and Narsee Monjee Institute of Management Studies (NMIMS), Mumbai. According to the placement committee members from these institutes, apart from a 'dip' in financial sector companies, the profile and salary packages offered to students have 'stayed the same' and, in some sectors, they have become even better.
A member of the placement cell at NMIMS, Mumbai, said, 'The placement process became over-hyped and made headlines due to the presence of I-banks. The absence of these I-banks was what led to speculations. However, the economic meltdown does not seem to be creating much difference. In fact, we have observed that some students have been offered better profiles in corporate finance and treasury, than they used to get in I-banking. These are solid profiles and will be helpful in long-term growth.' As the placement process is still underway, the student did not want to be named.
