Job scenario worsens: IIMs bank on new recruiters

Very few recruiters, and meagre salary packages are two scenarios which the IIMs are fighting to avoid this year. But it looks like a battle they could lose. As far as placements are concerned, some senior faculty members at the institutes feel that 2011 may be worse than 2009.

Samir K Barua, Director at IIM-Ahmedabad, “Clearly global economy is going through a period of recession. I would imagine that the Indian economy is also going to be impacted by that. My sense is it will probably be worse than 2009.”

While pre-placement offers are trickling in across the country, the management says the global downturn is clearly visible. Like in 2009, offers especially from global banking and consulting firms have dried up significantly.

V Anand Ram, Professor, IIM-Bangalore, "In terms of placement process we have gone through this kind of downturn earlier also. I expect the same would happen this year also. The number of job offers from overseas will see a dip."

But the faculty hopes companies in developing economies like India and China will keep hiring. IIMs believe that a lot of new companies in India, especially start-ups, will add to the pool of recruiters this year.

These institutes have invited manufacturing and infrastructure companies to come in for campus recruitment.

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