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The placement session of Indian Institutes of Management (IIM) is about to start soon. As the economy has taken a hit due to the COVID-19 pandemic, many are wondering how are the top management colleges of India planning to provide placement to their students.
Students must also be worried about how they would manage to get a good return for their Rs. 15 - 25 lakh investment that goes into pursuing MBA from an IIM. However, students do not need to be worried as IIMs had started preparing for placements in August itself.
Are IIMs worried about placements this year?
No, IIMs are optimistic about placements this season with experts citing that hiring in tech-based firms, especially those based on fintech, ed-tech and health-tech companies is expected to increase this year. Consulting firms are also reported to be showing a positive response in this year's placements.
Will the placements at IIMs be delayed this year?
IIM Ahmedabad has delayed its placement process this year. Usually, placements at IIM-A start in November but this year, the placements have been scheduled to begin after a 1-month delay in December 2020.
Will the IIM placement process be conducted online?
Yes, all of the IIMs have shifted the entire placement process online owing to the COVID-19 pandemic. IIMA has stated that it is ready to conduct virtual placement drives for this session.
What are IIMs doing to maintain good placements in 2020?
IIMs started contacting the campus recruiters early on and are maintaining regular dialogues with companies for campus placements and focusing on better training.
IIM Udaipur plans to conduct workshops to help their students adjust to the new setting. It is also adding planning to provide specialised training to tackle any specific eligibility requirements put forward by a firm.
IIM Sirmaur is also conducting training for their students to help them get adjusted to online placement drives.
Are salaries at IIM placements expected to decrease this year?
Most of the institutes do not see the salaries for their students decreasing in this year's placements. According to the Chairperson of the placement committee at IIM Calcutta, the pandemic has opened several opportunities for management graduates. He advises students to be better prepared and maintain patience.
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