Placements at IIMs - The True Story - IIM Placements - The True Story

3/14/2014
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Placements at IIMs: The true Story

Th u rsd ay , 25 Ju ly 2013 Blog Arc hive
IIM Placements - The true story

Objective: To show the truth about placements to the current and future students, the misinformed and everybody else by showing that the figures they see are representation of only 10 - 20% of the batchs performance.
2013 (1) July (1) IIM Placements - The true story
About Me
Issues to be addressed: 1. Placement reports - tampered numbers, misleading words, publicity techniques bloated salary figures bloated name/number of participating companies misleading using ambiguous statements 2. IIM fooling students, pressure on students, recruiters exploiting system, DP IIMs rationale for high fees IIMs accountability for placements Credit for placements Pressure on students 3. Placement Process Details Placement Committee Control Team Involvement and Supervision of faculty Format - Laterals and Finals Numbering of slots and days Company Presentations - WWR, Dress Code, Fines Desperate Participation, Company Interactions Duration of the finals process Recruiters practices - misleading salary figures, processes, requirement for desperate participation 4. How to change all this? Faculty involvement Standardized formats Prioritizing studies over placements Guidance and Support
IIM's- Indian Institute of Mismanagement View my complete profile
1. Placement Reports What they show? Number of days in which placement process got completed Number of students placed Sector wise break up, i.e. percentage of students who got offers in Finance, Marketing etc Number of participating firms and the number of offers they made Average salary International Offerings
http://iimcplacement1.blogspot.in/2013/07/iim-placements-true-story.html 1/15
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What they do not show? Number of offers from each firm (Usually big names hire small numbers) The salary spread among the students (If 2 students get a 25 Lac offer, it takes 10 student with a 13 Lac offer to achieve an average of 15 Lacs and considering 1/6th of the batch gets offers in the >20 Lac range, 5/6th of the batch gets below average offers) The places where international postings are given (If somebody is getting 16 18 Lacs per annum in a country where the standards of living are almost 2.5 - 3 times that of India, does it not mean it is equivalent to 6 - 9 Lacs per annum in India) The sector break up of summer internships of the same batch (If 60% did their internships in sales and marketing, then did the same number go for sales and marketing in the final placements or were they even given the opportunity?) Average salaries of the students who are freshers or have different numbers of years of work experience During the summer internships, around 1/6th of the batch goes on a zero stipend internship
Purpose of the placement report (includes my opinions) A publicity mechanism to show a great picture of how the placements go so well in order to increase the brand value of the institute which in turn will attract more students to join IIMX who will pull more offers from companies for final placements to increase the brand value of the college.
What students need to understand, IIMA and IIMB also do the same with the same motive. The number of students clearing MBA entrance exams will remain the same. The number of positions in a firm can only be a certain number which are being pulled by all of the IIMs. (If X gets it, Y gets loses). But who loses the most? These are the students who put in all their efforts, time and sanity in attracting companies and lose track of what is important - their studies.
2. IIM Fees and Placements
The following article reports the increase of fees from 5 Lacs to 14.5 Lacs from 2009 to now. http://economictimes.indiatimes.com/news/news-by-industry/services/education/iim-feestrebles-in-5-years/articleshow/12629380.cms The following explanation for the rise has been given: Infrastructure has to developed because the number of students have increased. Another faculty comments that it will cover the operational expenses but not the capex.
In another article, an IIM A spokesperson said that there was no reason why students should not pay higher fees, considering the 'excellent' jobs they get with Rs 25 lakh annual packages or more. Link to the article is as follows http://news.oneindia.in/2008/04/03/iim-fee-hike-move-of-elite-by-elite-for-elite1207173705.html
Caution: My opinions Do majority of the people even understand what capex and operational expenses mean in this case (Actually, after graduating I still dont understand these clearly in this scenario). The breakup of the fees is given in the following paragraph (Anybody can verify this stuff). The explanation IIMs give for high fee is that they say students get a high package of 25 Lacs per annum. They do not charge fee on how much they provide in terms of value and education but charge in terms of how much they can suck out of a student and his/her family.
How does it relate to placements?

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Average package shown in placement reports by older IIMs are between Rs 16 - 20 Lac per annum. Reality: An average package from one of the older IIMs is Rs 13 - 14 Lacs per annum. (Actual breakup of the packages are discussed in further sections below) This puts enormous pressure on students to get a good job The purpose of entering an IIM becomes getting a job and not getting an education 80% of the students get a salary package much lesser than the program fee 3 - 4 % students got a package of over Rs 25 Lacs per annum
Analysis of the situation and explanations: 1. Facts Students increased by 250 to 360 or 360 to 460. Infrastructure needed for this is a new classroom and 100 new hostel rooms and no labs and computers needed (as in engineering colleges) Computer lab has 10 computers in all, 4 available for student use among 450 students Mess fees is over and above this fees
2. Fee structure A term is 3 months 33000 per term for books and course material - Students filed an RTI concerning how the cost ,of books was so high. The MRP of the books as found on Flipkart.com and the cost of Harvard Cases (considering the worst case where faculty buy individual cases and not by faculty subscription) added up to Rs 10000 to 15000. 20000 per term- for the computer centre with 4 computers available and internet usage 8000 - developmental fees (no idea where this goes) Mess fees is again over and above this Any new facilities in the hostel i.e. TV, Pool table, maintenance is funded by the residents of the hostel over an above the fee
Alert: As discussed in one of the meeting in one of the IIMs, from next year onwards they will not disclose the fee break up and will just list the tuition and the accommodation fee (Mostly because of students questioning the break up and filing RTIs, and the administration not being able to justify it)
Responsibility, Accountability and Credit for Placements
Quoting a response from the faculty of one of the older IIMs - nowhere in our prospectus, we have mentioned that we are responsible for our students to get a placement. It is not an obligation for us, it is just an optional service we provide
Another Fact: Students are not allowed to apply or approach companies for summer internships and final placements on their own unless they opt out of the process. They are not even allowed to approach companies who have participated in the placement process over the past 3 years whether or not they participate in the current year
Quoting from another mail by the placement coordinator when this year placements were not going well that the students are bringing disrepute to the campus. All these years, when the placements and the market have been good the faculty and administration have just sat comfortably but just as the situation turned around, they were the first to start the blame game (putting it on the students and the disrepute they are bringing to the institute) instead
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of helping the students in this tough situation. (This is not an opinion. Proofs available)
The credit for placements and the publicity is very welcome by the administration and faculty. However, one should know that placement is a student body run process, a placement team which works very hard to bring recruiters to campus. The following section will contain the details of the placement process.
3. Placement Process Details
Placement Committee comprising of 1st year students conduct the process. This is a process totally run by the students Final process - Happens over 4-5 days in March Laterals process: (for Experienced students) - Happens from January till the beginning of final placements
Placement Committee
Details, Responsibilities and Powers:: 10 placement representatives - 5 elected, 5 nominated by faculty Contact companies for recruitments Decide shortlists for interviews during summer internships and placement processes Review the points on the resumes of all students and have the final word on keeping or removing a point Responsible for the job placements of the senior batch and the summer placements of the junior batch next year Co-ordinating the 5 day process during the placement process and overseeing the process entirely
The previous placement representatives have a big say in who will be the their successors depending on various factors (opinions included): Candidate should not be a strong personality who might decrease the say of the other members in the process Selecting people (1st year students) who will provide them with special treatments in their job placements Regionalism: Helps gather votes during the elections; Favour returned by benefits during the placements such as shortlists for companies where they did not get a shortlist from, give an interview before other candidates increasing their chances of success (The companies only interview people till they have vacancies; spot offers are given and so vacancies start filling as soon as the interviews start)
Analysis of the situation (my opinions) The students selected are through an unfair, rigged and hugely despotic process. All the above mentioned factors result in incompetent placereps who are easily manipulated by the previous placereps. The only reason to be a placerep is that you can influence the future process for your own advantage. For e.g.: This year, a first year student was promoted to become a placerep whose brother was in the second year. The elder brother (second year) got a job with a big company due the youngers efforts in promoting only the elder before the other candidates. Also, the younger (placerep) helped the elders friends to get jobs through various practices
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mentioned below
Some of these placement representatives talk about being ethical, about doing the right thing and not rigging the process in anyway whatsoever. However, there have been many instances of unethical practices and favouritism. Instances such as Inclusions of tampered points in the resumes; allowing some students (friends) to keep whatever they want in the resumes irrespective of presentation of appropriate proofs. This practice has also encouraged people to forge proofs for approval of the placereps. For eg: When a students gets proof of the work done during employment not from his/her manager but a fellow colleague at the same level from a companys email id. Asking companies to change selection processes to include more candidates who would mostly be the friends of a placerep Overriding the shortlist provided by a company with their own citing reasons that the students the company wants are busy elsewhere or are not interested Creating something called an extended shortlist which should just be a list of more students the company wants to interview but instead, is the list where placereps put the names of the their friends Sending the students in the extended shortlist for the interview of a particular company before the student in the normal shortlist gets a shot at the interview Selection of students for an interview without participating in a group discussion round even when group discussions round is mandatory
Control Room (The secret backend support team)
Apart from the placement committee, there is a control team which handles the entire placement process. Their structure is as follow: A 9 member core team who handle a 20 member SI team and a 5 member Infra team.
Out of the core team, 2 members handle the IT infrastructure; 2 handle the companies with each handling 5 placereps; 3 monitor the entire process of the SI team while the other 2 handle the infra team. Existence of the control team is a secret (known by the faculty) but this year, the students discovered its existence. We know the members of this control team and we can tell you the members if you are interested. Please write your email id in the comments below and we will try to give you the information to our best abilities.
Selection of the control team: The top 9 are selected by placereps - mostly friends and students who keep a low profile; regionalism plays a huge role No notices put for selection, no equal opprtunities, The others are selected by the core 9 based on no criteria (except being a buddy)
Alert: My opinion I dont know about the composition of this years control team but then the awesome placements of Tamil students suggest a strong Tamil hold in the placement control team. (I hate to profile people in this manner, but I cant help but observe the obvious)
Powers of the control team

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After the initial shortlist created by the company with various insertions/deletions by the placement representative, a list of 20 shortlisted students goes to the SI team. The team already knows about the roll numbers that are friends/same state/ same college and goes about sorting them in the order of their preference. The earlier you go in for the interview,the better your chances of converting the interview. So this control team starts sending people to those interviews where their chances are more. Why does a student X have to depend on the placerep for a shortlist and on a control team for getting an interview ?
Denial of control team by placement committee and faculty Despite being discovered in 2012, the existence of a control team was strongly denied by the placement committee and it still exists. The placement chairperson told all the students that a faculty would monitor all the activities of the present control team. As per a present control team member, no faculty was seen in the control room. This control team selection needs to be made more transparent and the onus is on the new batch to bring about this transparency.
Involvement and Supervision of faculty The present placement chairperson has flown out of campus even when the situation is so grim. According to some of the placement committee, they have been left to fend for themselves in this bad situation. The director and the other top-level faculty is more involved in their power struggles leaving the 55 left in the process in the lurch. Citing one instance of faculty involvement or lack of it , the placement representative was trying to convince the company to give a chance to a Differently Abled candidate and had been negotiating with the company for half an hour. When the placement chairperson was finally called in to give the final push, he asked the placerep to back off and let the company leave without giving him the offer.
In the first place, IIMC shouldnt be in a situation to beg companies for offers but if such a situation exists, then the placement chairperson should have been proactive and convinced the company along with the placerep. If the major reason for a lot of students to come to your esteemed college is the quality of jobs that they will get, then at least put efforts to ensure good placements.
Talking about supervision of faculty, the previous placement chairperson used to spend a lot of time in the waiting area interacting with the students left to be placed. He used to visit the control room to motivate the control team members. Even present placereps accept this fact. A faculty is a reassuring figure, someone above the entire system and the students look upto him. Students want the placement chairperson to be strong and exhibit confidence, not be so nervous that the only thing he is good at is looking tensed in the faculty lounge. The faculty are just concerned about the money they get from their own consulting. They are hardly concerned about the academics or teaching.
When talking about the chairperson of the placement committee he is one who is not on campus even when there are 55 odd students yet to be placed. We brag that IIMC is the best in placements and the companies here have gone on to cancel the job offers that they have given to students and the chairperson doesnt have the power to handle such errant behaviour of such companies. They dont even have the guts to ban such companies for the welfare of students. Because in the end how does it matter to them, they are getting fat salaries which the students pay from their bank loans. He is the worst negotiator of them all, we have personally seen him talking to 3-4 companies and the company walking out without giving an offer. Format ( Laterals + Finals )
In the laterals, there were approximately 60 companies called on campus and this led to around 110 offers in total. For any fresher ( <10 months work-ex), IIMC is not the place to go to because you will be given preference only after all the experienced guys are placed. If companies prefer candidates having work-experience then why does IIMC prefer giving out misleading information. Why cant it be made clear that students with work-ex will end up getting preference in finals as well as in laterals ? There were around
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10 companies during the finals process which had a work-ex criteria for selection. This means that they were companies looking for lateral candidates so why were they not brought during the lateral process. Numbering of slots and days
Company numbers in the final placements :
Day 0 : 17 Day 1 : 30 Day 2 : 17 Day 3 : 14 Day 4 : 11 People Left in Process : 55 ( rollling starting from 9th March, Saturday )
CTC on Day 0:
Dunia Finance - 16000 AED = 11 lakh Rs. ( Factoring in the standard of living) Realization = 16 lakh Rs. Citi = 13.5 + 3 lakh Deferred Bonus
CTC on Day 1 :
Lodha Group = 19 lakh Rs. HUL = 20 lakh Rs. Cadbury = 19 lakh Rs. RPG = 12 lakh IBM = 12 lakh
CTC on Day 2 :
Axis Bank = 14. 5 lakh Rs. HT Media = 15.5 lakh Rs. Mphasis = 11 lakh Rs.
CTC on Day 3 :
FINO = 9 lakh Rs. Emami = 8 lakh Rs. Channelplay = 6 + 2 lakh variable
The indication from all this is why is there a slotting if the quality of companies and their pays are so varied across all days. We have a company paying 25 lakh and one paying 13 lakh on the same day. Similarly, there are companies paying close to 20 lakh on the next day when they could have been slotted near the 25 lakh companies. The logic here is plain and simple : The placereps have certain friends who they want to get into the high paying companies on a particular day. For eg. consider the case of IBM. Nobody wants to go to an IBM on the end of Day 1 when he/she can go in an HT Media, Tata Steel or Axis Bank in better roles. However, it is seen that the person who has been conveniently getting shortlists all day long unluckily misses out in IBM. Finally, some candidates have to make the difficult choice between trying their luck on Day 2 or sitting for IBM. This happens throughout the process and it is seen that the candidates with no contacts or no big people sitting in important positions have to make the tough decisions.
Company Presentations - WWR, Dress Code, Fines

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WWR- Wing Wise Responsibility. This is the unsaid truth of IIMC and this is how the college ensures that the companies remain appeased and their ego is massaged. Students coming to IIMC- Be warned ; You dont go to the campus presentations of the companies you like, you go to the campus presentations of those companies you dont even know about. There is no problem with attending other company presentations since its important for every students placement but the problem here is you wont be allowed to even miss a single presentation due to some prior commitment. There are dress codes and fines are levied for not attending, late entry or for improper dress code to these presentations. The only point I want to make here is why is such a sycophantic attitude being shown to companies ? We have had company officials coming us to say that they used to attend such talks in shorts and tees. We are not saying that the dress code should be removed but there shouldnt be such a strict adherence to the WWR. Its just an indication, not a rule. The attire of one placerep during the final placement made us realise why we should have a proper dress code. The poor guy was wearing a grey trouser, a black suit and a blue shirt. If a placement representative can wear such a demeaning attire, then how does he expect other people to adhere to the aforementioned dress codes ?
Desperate Participation, Company Interactions
The placereps send out carefully worded emails where you are asked to read about a particular company and put in desperate participation. Students are warned that if they dont put in good participation, then the company wont show on campus. It has been observed that if the company presentation is good and interests the students, then questions flow in from all directions. Piramal Healthcare - a Day 3 company offering just 8 lakh Rs. got around 11 questions and the placerep had to step in to stop the participation. All this because the 25 odd students in the room found the presentation to be stimulating and the work to be engrossing. Why cant there be more such presentations? Interested students asking relevant questions which wont waste the time of the other students as well as the company. The only reason most students attend these presentations anyway is the pizzas and subways provided by the companies after the interaction.
Duration of the finals process
When IIMA and other B-schools around the country started having longer durations of their processes ( Cluster system) , there was a huge hullabaloo as to why IIMC was not doing the same. The reason given was that the companies would give more offers if they were under pressure to do so. This meant that the placement committee ( placereps + chairperson ) had less trust on the 460 students and more trust on their negotiation skills during those 5 days. How wrong they were and how it has affected the placements of this batch. A cluster system would have meant there would have been the same batch of companies coming to IIMC on day 0 spread over a week. Similarly, the same case would have been seen for day 1 and day 2. This would have meant all the students couldve prepared better for their dream sector and the process would have been more transparent since everything happened a bit slower. Another reason for not keeping a cluster system is that students will bunk classes to prepare for their placements. Then arent the professors concerned about those candidates eligible for laterals? Laterals happen during the same time as the proposed cluster system and we see students missing all classes because after all, the reason for coming to IIMC was the placements. In which newspaper do you see that Prof. XYZ or Prof. ABC from IIMC won the best teacher award or he did something big academically.
Recruiters practices - misleading salary figures, processes, requirement for desperate participation
Every student entering campus feels that he is going to be sought after by many companies as soon as he passes out of this great institute. The sooner a future aspirant gets this thought out of his mind the better. Recruiters hire students telling them false information and
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stating misleading salaries. In the Batch of 2010-2012, atleast 15% of the students didnt join the company they got placed in through campus because of false or misleading information. A case in point is Infosys - A student hired for the London posting was given an India posting and he ended up leaving his job. Doesnt IIM Calcutta have any obligation towards its students ? Cant it ensure that such a company which misrepresents facts is allowed to come to campus again and again ? If a so-called top B-school of the country is cheated by the companies, then what hope do the other students in lesser colleges have.
4. How to change all this? Faculty involvement
In many classes, we have heard the faculty incessantly complain about the lack of students interest in studies and always being worried about placements. I just implore them to think about the situation from a students point of view- If you had a loan of 15 lakh Rs. looming large over your head, wont you be worried about how much you earn after passing out ? The faculty needs to play a very big part in getting IIM Calcutta out of this mess. They have to take the bull by the horns and lead change. Teach well , teach contemporary things and keep the students interested. If you think that the students are only interested about placements, then you are wrong. If the teacher teaches well, then students will concentrate on the subject too.
Prioritizing studies over placements
At present, every student joining IIM Calcutta is looking at the ROI from an MBA in terms of the placement he got and the money he was earning when he came to IIM Calcutta. Even when anyway passes out,the key takeaway is always the friends made, the job got and the direction received in life. The biggest lesson is bookish knowledge is overrated. All this suggests one thing- Books have never been touched.
Guidance and Support

Every student coming to IIM Calcutta comes with very lofty ambitions and stars in his eyes. As one of the premier B-schools, it should be the responsibility of the college to provide guidance and support to those students who are not doing too well rather than just highlighting the success of a few students. There are a few teachers who have personally cited the lack of confidence in today's youth joining the top B-schools and its not the fault of the students alone. If you have a burden of 15 lac hanging around your neck as your education loan and fear of not being able to pay it off if you don't get a decent placement, then I don't think many students can simply concentrate on their studies. Its time for the faculty to stand up and be counted and set things straight at JOKA- The place we love but was not the HOME it could have been.
This is a very impromptu attempt to set the record straight and we invite more suggestions on how to make IIM Calcutta the real top B-School in our country.
http://iimcplacement1.blogspot.in/2013/07/iim-placements-true-story.html
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Posted by IIM's- Indian Institute of Mismanagement at 13:31 Recommend this on Google Labels: IIM, IIM Calcutta, MBA, Placements Location: United States
39 comments:
kunal priyadarshi 26 July 2013 01:44 The true scenario very well depicted. kunal.priyadarshi26@gmail.com Please reply back.want to know more and discuss. Thanks & regards, Kunal Priyadarshi Aspirant Reply
raghuupdates 26 July 2013 02:20 Wow.M ind numbing and Disheartening. Those of you who are left.Keep Calm and all will fall into place. If you can weather this you can ford through anything. raghu.induchudan.menon@gmail.com Reply
Avinash Ramachandran 26 July 2013 05:54 You realize you're guilty of the same misleading you're accusing the placement report of? Honestly the whole section on attire and wwr is just whining, and the accusations of sectarianism and favoritism is baseless and uncalled for. You raise some valid points about fees and placement scenario but keep your bitterness out of it. Reply
Sports Maniac 26 July 2013 10:02 I am writing this as a alumni of one of the IIM s, who by the way did not get a 25 lac pay package, and hence has no agenda of defending the process........ Though I dont deny any of the things that you have written, there are HUGE exaggerations. One does know the fees before entering the campus and I am sure all the students get a job that is good enough that they are able to pay off the EM Is for the loan. Regarding the process itself, there might be unfair practices, but your article seems to suggest that the students are all powerful in front of the big companies that visit the campus, which as you would realize subsequently if very very false. If you really want to improve the process, the way to do it is through constructive dialogue rather than washing dirty linen in public. This looks more like an attempt at venting out frustration than anything else. IF you really care, I guess you should work with your institute, even after you pass out, to improve the system. I would love to be proven wrong, but I guess you would not be doing the same. The rules with regard to placements might be restrictive, but no B-school in the world promises placements. Its only in India that such a thing exists. If you are really good enough, you would reach where you deserve to. M ay sound harsh, but stop being a cry-baby and accept that the world is not a fair place. Reply Replies
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Aman Arora 26 July 2013 10:31
Sir with all due respects before commenting on this go try and complain about things to a professor try to talk it out... You would be made fun off by placereps in a placement crasher one was called for me too, i dint write this but have a lot more to add and this is 100% truth.....
Sulagna Dasgupta 17 January 2014 22:09 That's not true at all. The ONLY way to get this crap placement system out of the top IIM s IS to wash dirty linen in public. This one has at least not named names. I would say it's even better to collect hard evidence against student placereps, and then start using NAM ES. That's the way this crap system can change.
Sulagna Dasgupta 17 January 2014 22:13 There is no justification of your placements being facilitated and monitored by your competitors. It's like P&G outsourcing it's entire sales process to HUL. THAT's exactly how laughable this system is. Ever heard of the concept of "conflict of interest"?
Sulagna Dasgupta 17 January 2014 22:15 Where does the accounting of all these fine amounts go? Why is every penny of this not accounted for and made public? How can a group of fellow students slap arbitrary fine amounts on other students and not account for it publicly? The entire student placement committee and its gaping loopholes are an elephant in the room that we choose to ignore. Reply
Aman Arora 26 July 2013 10:38 Now some jacks who took advantage of the system have some shame please dont defend the system in public.... There is a lot more truth which is missed out by my friend here, the truth about trying to corner the person who stands against the system not only by students involved in the system but also ones getting advantages of it.... Faculty non involvement well i dont agree to it cause then y call a f***ing placement crasher to insult people if sm1 complains to a faculty this shows how faculty promotes what ever goes... I dont have other proofs to support my theory but i guess itz enough to start digging deeper... Reply
indian 26 July 2013 13:06 sir can you please tell me average and median salary figures for this session . please mail me at sachinjaiswal528@gmail.com Reply
IIM Placement 26 July 2013 13:22 http://iimcplacement1.blogspot.in/2013/07/iim-placements-true-story.html Reply
IIM Placement 26 July 2013 13:23 Can you mail the same to fms2013.api@gmail.com Reply
Ajay Zener 26 July 2013 19:25 too much frustration in this article, I would not comment anything on this..but I would certainly say that I did not do my M BA for ROI. I did it to educate myself, and I took a loan for it. I also did want a placement but I was more worried about the profile rather
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than the salary. I guess the problem is not the above mentioned, the problem is in understanding why M BA? The problem is that we are looking forward to spend 15 lakhs and get a degree that can pay us double of what we spent in the first year of job itself. I also feel that if you are good enough, no one stops you from getting the best job in campus. If you deserve 25 lakhs, you get it. I as an alumnii of an IIM can vouch that I learnt a lot from my institution as I was open to learning...I guess it was one of the best years of my life. I was taught by some of the best professors who were the most passionate teachers I have ever met, I did not land up with the best offer in campus, but I still had a reasonably good job at the end of it....and I paid off my education loan in three years... Reply Replies Mehul Juneja 28 July 2013 00:12 Frustration or Resilience? Don't be judgmental Sir. With due respect, I think more than 90% of the people from other top B-schools can identify with the above situation and stand testimony to its truthfulness. It is indeed the true picture behind every B-school. There are many more issues and ultimately no one speaks because the "Image" or perception of your school is at stake, which in turn affects your Future too. So ultimately everyone decides to live with it.
IIM's- Indian Institute of Mismanagement
28 July 2013 00:25
Exactly our point !! The 'TOP' B-schools of our country have been taking many young students for a ride and its high time these institutes take charge and change the system. As you rightly pointed out, this situation is existing in all the B-Schools and we should 'STOP LIVING WITH IT'.
Utsav Gambhir 18 January 2014 12:26 This comment has been removed by the author.
Utsav Gambhir 18 January 2014 12:29 Appreciate Ajay's comments...even I could sense some frustration in the write up...You can always find such people in every batch... PS: I'm not an IIM grad but surely from one of the top tier B-Schools. Reply
ankit bansal 26 July 2013 23:52 bansal.ankit1004@gmail.com please reply back; want to know more and discuss about some issues related to secret. Reply
Mohammed Ali Kizer 27 July 2013 01:58 Indeed. Too much of frustration in this post. There are people who didn't have any clout in the placecom, any committe and neither the pets of professors landed up in great profiles. And recruiters are not fool enough to recruit a person just because he/she is in placecom. Any recruit should deliver value to firm he/she is hired for. True. There are some malpractices happening in some places which should be weeded out. - M ohammed Ali Kizer Reply Replies Sulagna Dasgupta 17 January 2014 22:24 No. It is not "SOM E malpractices" which need to be weeded out. It's the student involvement in placement process which needs to be weeded out. All
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top b-school around the world have placement cells staffed by salaried institute staff. Not students. Your competitor CANNOT come in between you and your recruiter. It's a basic conflict of interest situation. Try outsourcing your company's (whatever it is) main function (sales/marketing/service) to its competitor - may be then you'll realize what I'm talking about. Reply
jinna manshu 27 July 2013 06:57 Dude i want to discuss with you ... majorly i want to know which companies come from laterals and which companies come for finals ..... and do people having 13 months 14 months experience have any chance in getting an offer in laterals ?? my email id : invisiblemanhide@gmail.com Reply
Gopi 27 July 2013 08:05 Superb Blog, reality has to been known to everyone and people like you are much needed. Keep it coming! Reply
Angel Jyaswal 28 July 2013 09:27 Hey I want to know the members of control team. Thanks. M ail it to angel.jyaswal@gmail.com Reply
Dreams262626 28 July 2013 12:17 Hey I want to know the members of control team. Thanks. M ail it to dreams262626@gmail.com Reply
Bhavin Darji 3 August 2013 03:46 Grt post.. But ppl shld not consider fees as an investment.. Its an expenditure.. Learn wat u get frm course n implement.. Thats it.. Dnt run for salary.. Go for gud profile.. Thank you. Reply
sanjit 6 October 2013 20:48 Hi, would like to speak to you on this, pls get in touch with me on soberoi@gmail.com Reply
Jokar Calcutta 22 December 2013 01:11 Dear Sir, please share more details with me: culduze1989@gmail.com Reply
Laim Tset 14 January 2014 10:32 The points raised in the system are true to many extent, depending the perception of the people on life. To the people who is criticizing the blog, did you complain the same when some media reports came with exaggerate news on IIM s. When they exists, this article should also exist. Reply
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Vidisha 15 January 2014 06:58 salude bro.....truth in whatever you wrote...line by line,word by word.As past IIM alumni,I identify with all these not for any specific school but the same problems heard all over from all IIM friends of mine.And,no matter what anyone says,I admit I did M BA for more money and I wanted good job to pay off my loan.Try living with just "Knowledge","Experience" ...with a huge loan hanging on top of your head. Reply
akshya 16 January 2014 08:07 very true picturisation of the whole scenario, its probably prevalent in all the top BSchools with me testimony to atlst 2 of them .... very sad state of affairs.... thts y despite so eliminative selection process and no dearth of talent, Indian B Schools fail to compete globally.... Reply
srinivaas 17 January 2014 01:31 Very true! well written! a must read for any M BA aspirant Reply
sasidharan 17 January 2014 20:01 Okay.. I have a few queries sasidharankannelil@gmail.com Reply regarding this.. Please do mail me at
Sulagna Dasgupta 17 January 2014 22:32 Bro at least share your email id so that we can get in touch. I cannot thank you enough for showing the courage to finally get the truth out in the open. It's a great first step. You HAVE TO write more and more about this. -Sulagna (PGP IIM A 2011) Reply Replies Sidhartha Roy 17 January 2014 22:48 hello sulagna, share ur info to me at this id : djsidhu88@gmail.com. I am currently in the first year. :-) Reply
Sidhartha Roy 17 January 2014 22:46 pls share more information to the below mail : djsidhu88@gmail.com Reply
Jignesh Rathod 19 January 2014 13:37 Lets talk about solutions..... Reply
Andy Krishnamachari 21 January 2014 10:48 This discussion seems pointless when the whole world out there is full of instances like you have mentioned. Getting an edge over others by "any possible means applied" is the unsaid corporate philosophy (what makes you think its all candyland in there???). Like it or not you've just finished the preamble page of How This World Works (remember, life is a journey). You can't beat a system which has formed during the course of 3.5 Billion Years of evolution in mere 2 years. Adapt or be extinct........... humans are inherently greedy and opportunistic, which optimists sum up as enterprising ( "entrepreneurial" ). All is not lost my friend, to begin with, reach the top of the food chain (easier when you
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are from an IIM ) by any means necessary, introspect, if you still are left with the same soul, and the conviction remaining, start the change from top down. How else would you justify your "Tag" of IIM and this wishful post of yours. I am alarmed to see that the elites of academics (students of IIM s) don't think of a bigger picture. Further, not many even after working for many years pursue their ideas and avoid the risk, which has left us in a perpetual state of "developing and emerging". You are expected to compete against the world (not at all an ethical and friendly territory), don't lose the race amongst your own . hope i have not ruffled peoples nerves, if so, be it for good. Reply
a sr 13 February 2014 03:30 Hello Sir, I got an IIM C call and have my interview next month. I am a fresher (3-4 months of work exp.). Please send me a mail about what kind of jobs I might get after passing out of IIM C. ajan90@gmail.com Reply
Raghav Srinivasan 18 February 2014 08:56 This comment has been removed by the author. Reply
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Placements at IIMs - The True Story - IIM Placements - The True Story

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Placements at IIMs: The true Story

IIM Placements - The true story

2013 (1) July (1) IIM Placements - The true story

IIM's- Indian Institute of Mismanagement View my complete profile

2. IIM Fees and Placements

How does it relate to placements?

Responsibility, Accountability and Credit for Placements

3. Placement Process Details

Control Room (The secret backend support team)

Powers of the control team

FINO = 9 lakh Rs. Emami = 8 lakh Rs. Channelplay = 6 + 2 lakh variable

Company Presentations - WWR, Dress Code, Fines

Desperate Participation, Company Interactions

Duration of the finals process

4. How to change all this? Faculty involvement

Prioritizing studies over placements

Guidance and Support

IIM Placement 26 July 2013 13:22 http://iimcplacement1.blogspot.in/2013/07/iim-placements-true-story.html Reply

IIM's- Indian Institute of Mismanagement

28 July 2013 00:25

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