Final placements at the Indian Institute of Management (IIM-A) got underway today, adopting the newly introduced 'Cohort-Based' system.
"A batch of 290 candidates from IIM-A is slated to find placements in leading multi-national firms in sectors such as marketing, finance and banking," a member of the placement committee at IIM-A said.
"The first Cohort of recruiter shall be deciding the candidate... May be by today evening or tomorrow after holding detailed discussions with them, through various interactive modes like chatting, interview, formal discussions...," a IIM-A official said.
Cohort is a group of subjects who have shared a particular experience during a particular time span.
The Cohort-based system is a longer placement process as compared to the previous 'Slot Zero' concept, but is significantly more advantageous both to candidates and the recruiters, IIM-A officials said.
The placement process is expected to last around five weeks, where each cohort that hosts firms offering similar roles and opportunities to candidates shall come on weekends and after detailed discussions about roles on offer will recruit them.
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The sequence in which the cohorts are invited to the campus is according to the batch preference, IIM-A official said.
Different clusters of cohorts will come to the campus for two days, and there shall be rest period of five days between each visit of 'Cohorts' so that candidates can prepare themselves, IIM-A officials said.
The IIM-A has launched an internally developed talent bouquet system that allows the candidates to learn more about the firms, sectors and industries and take informed decisions.
As per the new system the placement process at IIM-A will now be at least a 1-2 months affair instead of the usual 6-7 days session.
In the Cohort based system, interviews shall not be restricted for a few minutes, the recruiter and candidates will get ample time to discuss the roles on offer, an IIM-A official said adding, "this will help students and industries make informed choices."