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News Analysis


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At IIMs, it's India calling now

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News Analysis

  1. 1. News Analysis At IIMs, it's India calling now ~ Shruthi Balakrishna, TNN, Mar 11, 2010 Abstract In this analysis we will discuss the behavior of the students with respect to the companies which have come for placements from abroad have significantly decreased in accordance with the situation in the market overseas. A reasonable comparison also is done with year wherein students preffered firms from Europe, USA, Hong Kong, Australia. An Overview and Analysis It has been seen that due to the recession which hit the most developed economies of the world, the MBA students are getting smarter enough to get their establishments right at the right time. The real smart IIM graduates are those who are taking job positions in India. India is a developing economy that offers scope for growth on a continued basis as opposed to the roller-coaster economy of the developed world. In addition they enjoy uninterrupted socio-cultural life. In the recent times, India has emerged as the most emerging economies around the globe which has added the value in terms of choices done by the students at top B-Schools and not just IIMs. Global placements consequently have gone down, as the students at IIMs think more about the growth prospects than the location where they want to settle down. If we take a case on an IIM-B student named Aditya Mittal, He preferred the domestic profile over an international one as he was interested in
  2. 2. finance. An IIT-Bombay student, Aditya, has three years experience in consulting and finance sectors. "I was offered research positions with a leading I-bank where I would have been placed in NY, London, Hong Kong or Singapore. The pay package was in line with the market price," he said. From the above case we come to know that even if was offered a good package with an ulta-modern location, he preferred to be in India, his domestic hub, mainly due to recession and the after-effects of being a part of an International Bank and then being unemployed. One always gets to travel abroad and work there. The learning there can be implemented here. This intention has driven a lot more companies in India to grow vertically as well as horizontally as India provides lot more growth opportunities for employees. The trend we see is very conditional in terms of the the recession which has hit the world at a macro-level. At WEF 2010 at Davos, the only positives which came were from was two countries, India and China. Its been observed that as the other countries have been recovering from recession, India and China have capitalised their terms in the global market which has made the students who have passed this year to think more about their future prospects. Hence, we see that a considerable rise in students preferring domestic barriers on the International ones.