Management placements unaffected, says Samir Barua

November 19th, 2008 - 4:31 pm ICT by ANI  

Ahmedabad, Nov 19 (ANI): The summer campus placements at Indian Institute of Management, Ahmedabad (IIMA) remain unaffected for the present by the global economic meltdown, says director Samir Barua.
All 300 students in the Post-Graduate Programmes (PGP) in the management and the entire 21 PGP Agri-Business management 2008-10 batch have been placed for the next year’’s on-job training projects, as per officials.
Barua said that the major recruiters of the previous years were present for the placements reaffirming their commitment to select talent from IIMA campus but actual position would be clear only after long-term recruitment commitments are out.
“As far as the summer placements go, yes I don”t think the global meltdown or the chaos in the financial markets has really impacted it. But it would be premature to say that we have been spared the pain because unless we see how the final placement pans out. It is a very short-term commitment and therefore organisations may be willing to make that commitment. But whether they would make a commitment for a longer-term recruitment that is yet to be seen,” he added.
However, he was quick to acknowledge that global economic meltdown has affected the placements in the financial sector and the students have shifted to others sectors.
“The turmoil has essentially taken place in the financial markets. So I am not surprised that the percentage of offers either being offered or being accepted by students has come down from 57 per cent to 32 per cent because the turmoil is there. The major issues and chaos are in the financial markets and sector,” he said.
Barua further added that despite the tough market conditions summer placements have reaffirmed the strength of the relationships that IIM Ahemdabad has with the corporate world.
The impact of global turmoil has reached India with the economy showing clear indications of the impact. (ANI)

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