The economy may be slowing but it seems to have had little impact on hiring at India's leading business schools. In fact, officials at the top B-Schools say that there would be no dearth of jobs for students graduating next year.
Sankarshan Basu, Chairperson, Career Development Services at Indian Institute of Management (IIM), Bangalore, had reasons to be optimistic as early as mid-July. All the students who did summer internships with consulting firms have got pre-placement offers (PPOS).
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"As against a total of 93 PPOS last year, we have already got around 50 PPOS so far," says Basu, adding that he expects over 150 companies to visit the campus for the 2011/13 batch of 378 students.
The class of 2012, with 363 students opting for campus placements, had got 423 offers from 126 companies.
Samir K. Barua, Director, IIM, Ahmedabad, says many companies that froze recrutiments in the past three to four years are now seeking talent as the business environment is expected to improve in the next three to four quarters.
"My own assessment is that by the time the pre-placement offers conclude by end-October or November we may be in a better position this year as compared with last year," he says.
At IIM, Shillong, PPOS have yet to start coming in but the school is confident of placing its entire batch of 105 students.
"We have already received commitments from some corporate houses on their plans to come for placements this year," says Merlvin Mukhim, officer in charge of corporate and public relations.
The mood is upbeat at the Indian School of Business (ISB) in Hyderabad as well. The school's placement season begins from January and its class of 2013 has 767 students.
"All major companies which came last year have confirmed participation this year, too. In addition, we have 40 to 50 new companies this year," says V.K. Menon, Senior Director, Career Advancement Services, ISB. He expects more than 400 companies to visit the institute this time compared with 340 last year.
Top recruiters already have plans to hire from B-Schools this year. India's largest consumer goods company, Hindustan Unilever, is among them.
"As far as we are concerned it is business as usual when it comes to hiring new talent," says a spokesperson. "We do not change the approach for talent acquisition based on slowdown or upswing as we recruit for the long term. We are recruiting to build the leadership pipeline for the organisation."