KOLKATA: After the IITs, it's IIM-C that has seen a sharp drop in recruitment at startups. The summer placement season, which started at the premier B-school on November 3, saw an almost 50% drop in the number of startup companies sending recruiters to the campus compared to last March.
"E-commerce witnessed loss of some recruiters, most of them startups. The loss was, however, made up by an increase in the number of finance and leadership offers," said a source in IIMC. "During the final placements, around 30 students were recruited by startups. Some of the companies which came calling in March included names like PayTM, CarDekho, CallHealth and Adcuratio."
Summer internship, an integral part of the Post Graduate Diploma in Management (PGDM) course at IIM-C, gives students a taste of the corporate world before they make a final career decision. The internship hiring for the class of 2018 concluded last week. "Out of the 460+ summer internship offers made on campus, the consulting sector had the highest share of 24%," pointed out a source.
Finance continued to be one of the most sought after domains among students with 23% of the batch securing internships in the banking, financial services and insurance (BFSI) sector. It witnessed a surge in the number of banking sector firms and c, with Goldman Sachs being the top recruiter in the category.
FMCG and consumer product firms hired in large numbers and food and beverages companies hired 19% of the batch in sales and marketing roles. "14% of the batch was hired for leadership roles in conglomerates like Tata Administrative Services, Aditya Birla Group, Mahindra & Mahindra and others. Aditya Birla Group was the largest and most consistent recruiter in this domain with the highest number of offers. The highest stipend bagged by IIM-C this summer placement season is Rs 4.5L per month from the BFSI sector," the source added.
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Given that consulting and BFSI sectors led Retro Bowl College internship offers at IIM-C, what trends does this suggest about changing student preferences or industry hiring patterns in top B-schools?
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