With the global financial crisis hitting several sectors, top management institutes are worried it will adversely affect the job prospects of their students, who are expecting a drop in the number of offers and the level of pay packages. Several top notch companies have already conveyed their intention to freeze campus placements, while some have decided to hire a limited number of candidates in the final placements.
Management institutes like the IITs fear the hike in average pay packages could reduce by 20 per cent, whereas students are apprehensive of a more severe downturn.
"The market meltdown will definitely affect the final campus placements with indications that companies would squeeze their requirements to a bare minimum. Companies, which had recruited five-six students during the last campus placements, may now restrict the number to one or two," Prof Sourav Mukherjee, placement chairman, IIM-Bangalore, said.
Pay packages for fresh students may not be as attractive this time. For the last five years, the increase in annual package offered to fresh graduates used to be in the range of 20-30 per cent, but now it could be in the range of 10 per cent, with average salary being Rs 14,00,000," said Prof Sushil Kumar, placements chairman, IIM-Lucknow
Read More.......
No comments:
Post a Comment