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It seems like startups are losing allure as per trends in the current scenario. Fresh graduates from Indian Institute of Management, Bangalore have a similar opinion. Find out why!
This year, the placement season at the leading b-school witnessed less participation from the startups. Moreover, the graduating batch students preferred to take up jobs in renowned companies or organisations rather than startups.
Vaibhav Gupta, a student of IIM Bangalore and also a gold medalist for his overall performance in the PGP programme thought no different. He was of the opinion students of today are well versed with the funding scenario of the startups nowadays. They are aware of the fact the concept of venture funds is losing its charm and not many are willing to invest their money, time and energy in the upcoming startups - unless and until, obviously there is a full proof business plan with expected growth graph. He added that at present, the economy and market is witnessing change every now and then. Students are therefore willing to step into already established companies so that they are in a better position few years down the line. Startups, on the other hand, are prone to upheaval and unsteady monetary growth, urging them to cut down on expenditures as well as delaying the joining of selected students, as witnessed in the past.
Also read: - Click Here to Read about IIM Bangalore's Annual Convocation 2017
A reputed official of the Indian Institute of Management, Bangalore further indicated that the number of e-commerce companies that took part in the placements this year was lower as compared to 2016. However, Amazon was the only company that lured students and also emerged as the top recruiter while making 12 offers in the e-commerce industry. This could primarily be because of its worldwide presence and phenomenal reputation and worth. Companies and platforms like Swiggy, Cloudtail, Myntra, Paytm, Ola and Uber made only a handful of offers.
Also read: - IIM Bangalore Placement Report 2017
Another PGP student expressed that maximum recruitments by startups, particularly in e-commerce segment were for graduates who have specialised in the field of marketing. Traditional companies also offered attractive salaries in the marketing domain.
Overall, the batch students are satisfied and happy with plenty good opportunities coming to them despite the fact that fewer companies participated in the placement drive this year.
There were only a few students who opted to start their own ventures instead of settling for jobs offered to them during the placements.
With inputs from Times of India
