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How India can use Dhaka's image for its own use

Bangladesh is slated to post a percapita GDP of $1,887.97 in 2020, an increase of 3.8% over the previous year. Meanwhile, India’s per- ...
The Economic Times
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| 26 October, 2020, 12:20 AM IST | E-Paper
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    SEARCHED FOR:SUMMER PLACEMENTS

    In tough times, recruiters look for future-ready leaders who can deal with uncertainty

    From a company’s perspective, given that hiring numbers will be lower than a normal year, it makes sense to focus efforts on institutes that have been tried and tested in terms of talent.

    IMI Kolkata completes summer placements for PGDM 2019-21 with highest monthly stipend of Rs 1 lakh

    The institute received 180 offers from ove...

    Faculty of Management Studies secures 100% summer internship placements

    There was a record 42% increase in the e-commerce/IT/Operation roles ...

    • An estimated 136 cos offered nearly 200 roles to the class of 2021. Several students exercised "Dream" options that allowed them to get multiple offers from top firms. Finance & Consulting firms accounted for 43.2% of total offers.

      According to IIM this year, IIM Shillong witnessed participation from 68 recruiters, spanning across various domains such as Consulting & Strategy, Finance, General Management, Human Resources, Operations, and Sales & Marketing. Sales & Marketing continued to be the most sought-after domain this year.

      Several recruiters made alternate arrangements to start the internship as per their original commitment via digital media, leveraging their IT capabilities. Some others deferred the joining dates to April 13 or April 20 to deal with emerging challenges of the lockdown. At this time, 90 per cent of the employers are expected to start their internships by April 20.

      This postponement, say the institutes, is partly because of the delay in starting the academic year and partly because they are hoping for the situation — including the hiring sentiment — to improve by the time they start the process. Summer placements typically start around October or early November at most B-schools.

      A total of 79 offers were made in the marketing and sales domain by recruiters including AB InBev, Vodafone Idea Limited, Bajaj Auto, Dr. Reddy’s Laboratories, Mondelez, Procter & Gamble, etc, according to the institute release.

      B-school managements are discussing the options available with host companies, said officials and human resource heads of companies. A delay in internships may have an adverse impact on student placements, they said, since most firms offer students full-time positions based on the internships (pre-placement offers or PPOs).

      Summer placements for 2019-21 batch witnessed an average stipend of 2 lakh per month at IIFT. This year the number of companies with an average stipend of over Rs 2,00,000 has increased by 46 per cent," it said in a statement.

      Certain new things are taking root in Covid's wake. They could soon mark a critical change of tack.

      Female students on an average have received 24% higher stipend than their male counterparts in the summer internship placements, officials said. The highest stipend offered was Rs 4 lakh, the same as the previous year. IIM Indore has the biggest batch strength of 589 students in the class of 2021, including 258, or 44%, girls.

      Cos like Amazon, Flipkart, Udaan make up for dips in offers from BFSI, automobile and telecom sectors.

      Outdoor clothing and tactical gear firm Wildcraft, which is making reusable PPE overalls, Hazmat suits and masks for the Ministry of Textiles and Commercial applications, has hired a workforce of over 30,000 in the past two months and is looking to hire another 70,000 on direct and third party rolls.

      At XLRI, there has been a 37% increase in summer internship offers from consulting firms compared to last year, with the institute receiving 56 offers from such firms. At IIM Calcutta, three new consulting firms visited for the first time, even as Axis Bank, Yes Bank and Bank of Baroda —which visited last year — did not come in this time.

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