Archive for the ‘IIM-C’ Category
Slowdown not a word at B-school placements
‘Where’s the slowdown?’ is the common question asked on B-school campuses. While B-schools agree the market conditions are adverse, they are pleasantly surprised at the participation by major sectors, recruiting in good numbers. From the Indian Institutes of Management-Ahmedabad (IIM-A) and Calcutta (IIM-C) to other major B-schools like Xavier Labour Research Institute (XLRI) and Xavier Institute of Management-Bhubaneswar (XIM-B), campuses have seen traditional sectors recruiting in decent numbers.
At IIM-A, the Boston Consulting Group (BCG) emerged as top recruiter across clusters, taking 15 students against 17 last year. Last year, IBM was the top recruiter from IIM-A, hiring 21 students. Accenture recruited 13 students this year against 14 last year, McKinsey & Company and Capgemini made 10 offers each, and Bain & Company selected nine students from the batch.
“The demand for IIM-A graduates continues to be high, and has overridden concerns of a general slowdown in hiring activities in 2012-13,” said Kirti Sharda, Chairperson, Placement Committee. Other companies which recruited from IIM-A include Bank of America Merrill Lynch, Barclays, Citibank, Deutsche Bank, Goldman Sachs, Asian Paints, HUL, ITC, Kraft, L’Oréal, Mars, Nestle, P&G and Pepsi, among others.
At IIM-C, the slot zero of final placement saw finance and consulting majors recruiting students from the campus. While 135 offers were made during the premier slot zero held on March 3 and 5, much of it came from finance and consulting sectors. A total of 25 students from IIM-C have secured final placements in Boston Consulting Group, Bain & Co, McKinsey and AT Kearney, along with Accenture Management Consulting, Opera Consulting, and Hay Group among others.
“Finance proved once again to be the stronghold of IIM-C with several top-notch firms coming to the B-school for slot zero placements despite the economic slowdown. Some of the financial majors like JP Morgan, Deutsche Bank, Goldman Sachs, Citibank, Royal Bank of Scotland, HSBC and Standard Chartered among others flocked to the campus to recruit students in large numbers during the slot zero process,” IIM-C said in a statement.
At XLRI and XIM-B, finance and consulting majors, followed by information technology (IT) and marketing picked up students. Prominent recruiters at XLRI include Standard Chartered Bank, Citibank, Nomura, Goldman Sachs and Development Bank of Singapore. Standard Chartered Bank was the largest finance recruiter whereas treasury roles were offered by Axis Bank and ICICI Bank. L’Oréal, Airtel, Dr Reddys and L&T Finance offered roles in corporate finance.
“All the major finance, consulting, IT and infrastructure companies have visited our campus, despite the much-anticipated economic slowdown. This has shown that placements have been pretty successful across B-schools this year, especially with finance and investment banks coming back,” said Sabita Mohanty, Faculty Coordinator (Placements) at XIM-B, refusing to divulge details.
About 75 recruiters participated at XLRI placement process, with 255 offers being made for a batch of 240 students. The batch size at XIM-B stood at 180 students. At Mumbai-based Jamnalal Bajaj Institute of Management Studies, the response from companies has been better than last year, said a placement committee member. The institute begins its placements next week, as pre-placement talks on campus are underway.
Source: Business Standard, March 7, 2013
IIM-Calcutta to tap corporates for funds
The Indian Institute of Management-Calcutta (IIM-C) is planning to tap Indian corporates for funds to complete some of its infrastructural projects following increased intake of students over the last three years. “The student intake has gone up. This year the total intake is around 450 students. Earlier, the intake was around 260 students,” IIM-C Director Shekhar Chaudhuri said.
“We are building around 530,000 sq. ft. of new facility. Half of the project is over. We have built 14 classrooms out of 19 planned. Two new hostels are under construction. The total project outlay is around Rs. 195 crore (Rs. 1.95 billion),” he added. He said the institute has decided to approach corporates for Rs. 50 crore (Rs. 500 million) to complete the infrastructural projects.
Dean and strategic management professor Sougata Ray said: “We have spent from our internal accruals and our corpus. We would like to have some balance in our corpus built over the years and hence the decision to tap the corporates.” Asked about the response of Indian corporates, Chaudhuri said: “We have not approached any corporate till now to gauge their response.”
Institute officials said corporate philanthropy for higher education in India is not popular though some Indian groups have made donations to foreign universities. “Making donations to foreign business schools by Indian groups may also be a brand building strategy,” an official said.
Speaking of finances, Chaudhuri said the institute is self-sufficient in funds generation and has not received any funds from the government since 2003 for day-to-day activities. “Our revenue is around Rs. 100 crore (Rs. 1 billion). We are earning good revenue – around Rs. 30 crore (Rs. 300 million) – from our long duration corporate training program,” Chaudhuri said.
According to Ray, all the IIMs are planning to join hands to bring out a high quality management magazine on the lines of Harvard Business Review. “It may take around a year to come out. The magazine’s name is yet to be finalised. It could be Indian Management Review,” Ray said.
Citing various business school ranking surveys, Ray said IIM-C has moved upwards one slot and is now number two among management institutes in the country. Chaudhuri said the institute has decided focus on research work as a major strategic initiative. “We have increased funding for research and also the stipend for post doctoral students. In the faculty promotion, weightage for research work will be given,” he said.
Meanwhile, like the Chennai Chapter of IIM-C Alumni Association that conducts marketing workshop for the students, the Bangalore chapter of IIM-C Alumni Association has decided to hold an entrepreneur workshop mainly focusing on social entrepreneurs. The first workshop is slated next month and it will be an annual event. There are many IIM-C alumni who have turned social entrepreneurs, Ray said.
Sources: The Hindu, September 24, 2011 & http://www.ndtv.com
IIM-Calcutta students get into the mind of investors
IIM Calcutta students are now studying psychological concepts to better understand investor behaviour and the financial implications of such behaviour. In a novel course introduced this year called Behavioural Finance taught by Prof. Avanidhar Subrahmanyam, the Goldyne and Irwin Hearsh Chair in Finance from UCLA Anderson School of Management, the students, by means of interactive dialogue, learn about different aspects of investor behaviour, the rationale, or lack thereof, behind such behaviour and ways to forecast them.
IIM-Calcutta students get into the mind of investors
IIM Calcutta students are now studying psychological concepts to better understand investor behaviour and the financial implications of such behaviour. In a novel course introduced this year called Behavioural Finance taught by Prof. Avanidhar Subrahmanyam, the Goldyne and Irwin Hearsh Chair in Finance from UCLA Anderson School of Management, the students, by means of interactive dialogue, learn about different aspects of investor behaviour, the rationale, or lack thereof, behind such behaviour and ways to forecast them.
Source: The Economic Times, October 1, 2010
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