Over the years, summer placements — B-school jargon for the process of securing internships for first year students of the flagship Post Graduate Programme in Management — at the elite Indian Institutes of Management have been closely tracked by students, management aspirants and the media, for it is perceived as an indicator of what lies ahead during final placements.
A summer placement, the recruitment process for which commences at the IIM-B on Monday, is also important for students looking to convert some of these on-field experiences to jobs or pre-placement offers.
This year too the mood is pensive as first year students, who have just entered the portals of the prestigious Indian Institute of Management-Bangalore, are gearing up for internship interviews with companies that will visit their campus over the next couple of days. The batch, the largest ever, comprises 370 students and representatives from around 120 companies will be visiting the campus, said Sapna Agarwal, head of the placement cell at IIM-B.
This year, trends are more or less similar in company profiles, she confirms. Last year, the 348-member batch had 150 companies visiting campus.
This means, that the number of companies is back to the 2008 figure when 120 firms visited the campus to select internees.
This could be reflective of a more stable and confident job market (so the institute does not perceive the need to keep a “buffer” just in case firms restrict their intake).
Traditionally, prior to the global recession, institutes invite anywhere between 90 and 110 companies.
However, now the batch size is larger than before with the institutes implementing the OBC quota beginning 2007.