From left Professor from the Department of Information Operations and Technology Management at University of Toledo Paul Hong; Dean of Indian School of Business (ISB), Hyderabad, M Rammohan Rao; Managing Trustee of PSG &Sons Charities G.Rangaswamy; and Director of PSG Institute of Management R. Nandagopal; at a symposium and workshop at the PSG Institute of Management in Coimbatore on Tuesday. The placement scene does not look very encouraging for the Indian School of Business (ISB) graduates this year. “Companies have been saying they will recruit fewer candidates,” M.R.Rao, Dean of the Indian School of Business, said here on Tuesday.
Speaking on the sidelines of a symposium and workshop on global supply chain at the PSG Institute of Management, he said there would be a slump in the number of recruitments. Hence, the ISB was approaching more companies to organise on-campus recruitments. Though there would be no drastic reduction in the packages offered by companies, there would be no steep rise either.
The salaries were expected to be more or less the same, Mr.Rao said. The school was counselling its students on moderating their expectations in terms of placements and advising them on focusing on certain sections of the industry such as telecom and health care, he added. “Fortunately, we do not have many students going into investment banking, which has been the worst hit,” Mr. Rao said. The ISB was also trying to get students to work on Government-sponsored projects along with promoting their interest in entrepreneurship. This year, however, companies from West Asia had expressed interest in recruiting, he said.
Despite the dull placement scenario, the number of applications to the ISB had gone up by 35 per cent. The GMAT scores were also improving year by year indicating that the talent pool was getting better, Mr.Rao observed. He appealed to the aspiring management students to focus on acquiring a good education and not be overtly concerned about jobs. Soft skills needed to be updated and their expectations regarding salaries should be reasonable.