IIMs struggle over summer placements, only 20% succeeds in 2 months, stipends down
Some of the premier Indian Institutes of Management (IIMs), which were used to reaching 100 percent placements in just two days, are struggling for the last two months to close summer hirings, according to a report by campus recruitment and placements platform HirePro, shared exclusively with Moneycontrol.
Only 20 percent of 21 IIMs could complete the summer placements so far, while 80 percent are continuing placements in a rolling process. The institutes are assuring students all support to get placed, said the report.
Only three of the six premier IIMs and one out of 15 new IIMs have completed summer placements. According to the report, Ahmedabad, Calcutta and Lucknow have completed 100 percent placements whereas Bangalore, Indore and Kozhikode are continuing with the process. Out of the new IIMs, only IIM Mumbai has completed the placement process.
“It is rare and historic in more than a decade that premier IIMs have struggled this long to get all students placed. In the past, where the placement process was a matter of a few days, it’s now two months since it started and is continuing and about to overlap with the upcoming lateral/ final placement of the outgoing batch which is to graduate in 2024,” the report said, based on a combination of information received from IIM students, connects, and placement reports.
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