Recruitments at campus go down drastically
According to a Financial Express report, a study says that majority of B school graduates are unlikely to land plum jobs this year because of drop in campus hirings by a staggering 40 to 50 per cent.
The report adds that apart from institutes like the IIMs, most business schools are witnessing a lean placement season, and are seeing a similar dip in the number of students opting for fresh admissions, said the study by industry body Assocham.
The report quotes Assocham Secretary General D S Rawat as saying, "Global uncertainty has certainly affected the placement pattern at B-schools & engineering colleges. This year the numbers of placements are fewer and there is also no hike in the average pay packages."
The study also found that the lean placement scenario has led to a drop of 40 to 50 per cent in the number of students seeking admissions to B-schools as well as engineering colleges, as recruitment is the primary objective most students to secure admission in these colleges.
Read the complete report here