Are placements at top PGDM B-schools like XLRI, SPJIMR, XIMB better than many IIMs?

While IIMs are working overtime to rescue their fabled reputation, many B-schools like XLRI, SPJIMR & XIMB have announced 100 that all their grads are indeed placed.

Noida, India (prHWY.com) March 23, 2013 - It has been widely reported in many media, including a MINT report that almost all IIMs are struggling to complete their MBA placements 2013 in time. None of the IIMs except IIM B has announced hundred per cent placements, even though their convocation days are nearing, when the graduates would be formally declared MBAs. But many IIM graduates will be without jobs on the convocation. Are the days of glory of IIM placements over? Is 'placement week' when IIM grads will land plum jobs a thing of past? It looks so.

While IIMs are working overtime to rescue their fabled reputation, many B-schools like XLRI, SPJIMR & XIMB have announced 100 that all their grads are indeed placed. The average annual salary and job profiles offered at these elite non-IIM B-schools also put them ahead of many IIMs.

Sample this:

XLRI, on March 18 announced its final placement for its current outgoing batch of 2011-13. As many as 77 recruiters participated in the placement process with 260 offers being made to a batch of 240 students. The median salary of the batch stood at 16.2 lakh per annum. XLRI is ranked 4th on MBAUniverse.com B school Ranking 2013.

SPJIMR on February 28 announced successful completion of its 2013 placement season which saw 97 companies visiting the campus with 206 offers to 175 students (2 students opted out). The average annual package offered at the institute was Rs. 16.13 lakh. SPJIMR is ranked 9th on MBAUniverse.com B school Ranking 2013.

XIMB announced its final placements of 2013 on March 7. As many as 70 companies participated in the recruitment process. The average annual salary offered at the campus was Rs 11.81 lakh. Of the visiting companies, 26 were new recruiters. XIMB is ranked 17th on MBAUniverse.com B school Ranking 2013.

TAPMI announced its final placements on March 7 with a total of 215 offers for 229 students who sought campus placement. The average domestic package offered at the campus was Rs. 8.65 lakh. TAPMI is ranked 19th on MBAUniverse.com B school Ranking 2013.

There are many other top tier B-schools like MDI, MICA who are expected to announce 100 placements very soon.

In this scenario where top non-IIMs are able to cope with the new challenges on placements, what went wrong with the IIM dream-run?

MBAUniverse.com analysis suggests that IIMs are suffering due to following reasons:

Dramatic increase in batch size and seats:

Various IIMs have significantly increased their total intake from last year.

IIM Calcutta have increased their seats from 350 to 462; IIM Lucknow has increased to 430 from 380; IIM Kozhikode has now 325 as compared to 317 last year.

The 6 new IIMs also added to the strength of total number of passing out IIM graduates which include IIM Rohtak (120), IIM Kashipur (37), IIM Raipur (120), IIM Ranchi (44), IIM Rohtak (120), IIM Shillong (60), IIM Trichy (84), IIM Udaipur (100).

This increased number of IIM graduates has on one hand given recruiters luxury to enjoy many options and pick from amongst the best, on the other hand IIM graduates are also facing tough competition from graduates of the elite non-IIMs.

Larger number of seats under reserved category:

IIMs strictly follow the reservation policy as per the norms for educational institutions run by the government of India. As much as 27% of the total seats are reserved for NC-OBC, 15% for Scheduled Castes, and 7.5% seats for Scheduled Tribes. Around 3% seats are also reserved for students belonging to Disabled Category

Thus, only 47.5% seats are available for general category. The cut-off criteria of General category students are also high in comparison to NC-OBC, SC, ST and Disabled category.

This combination of class brings down the quality of overall batch as compared to other top tier B-schools.

To read this article in detail please visit below URL:
http://www.mbauniverse.com/article/id/6803/

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Tag Words: mba placements, mba placements 2013, iim placement 2013

Categories: Education

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