Amidst fear of a possible cut in recruitments by domestic and overseas companies in the wake of global financial meltdown, leading B-schools in the city have geared up to rope in more recruiters to avert any slump in placements.
Like the IIMs, the city-based B-schools have adopted a similar strategy to invite more recruiters in the backdrop of an uncertain job market. A report by leading industry body Assocham released today has predicted a 25 job cut in seven key sectors including steel, cement, information technology enabled services, financial and brokerage services, construction, real estate and aviation.
Xavier Institute of Management, Bhubaneswar (XIMB) has already contacted over 100 companies for placements to tide over any possible placement crisis. As many as 62 companies visited the XIMB campus in last year’s placements.
This year, we are looking to bring new recruiters, especially in sectors like operations and FMCG (fast moving consumer goods) to our campus even though our regular recruiters have not hinted at any cut in recruitments, said an official of XIMB’s placements committee.
The management institute has already received 15 pre-placement offers this year and the final placements are scheduled for December and January. About 60 companies are expected to visit the KIIT School of Management this year as compared to 42 companies which visited its campus last year. In this year’s placements, more companies from other sectors like manufacturing, FMCG and infrastructure are set to visit the B-school campus.
“We are going to invite over 50 recruiters for this year’s placements for students of our regular MBA programme as compared to 28 companies which visited our campus last year. A few of our regular recruiters in the banking and financial services sector have hinted that they will be hiring less students this year”, said Biswajeet Pattanayak, director of Asian School of Business Management (ASBM).
