Management institutes bet on pre-placement offers

Ahead of their final placement season, management institutes across are betting highly on the pre-placement offers (PPOs) from companies across sectors.

PPOs are usually given by companies when a student of a business school goes for his/her summer internships. While some corporates only give out a pre-placement intent (PPI), others hand out PPOs.

XLRI-Jamshedpur has seen a nominal growth in pre-placement offers for students. According to a placement committee member, new recruiters that have come to the campus with PPOs. Officials said that compared to the 60-62 PPOs last year, they are expecting to get 70 PPOs this year. The placement process at XLRI will begin in the next few days.

SILVER LINING

• XLRI-Jamshedpur is expecting to get about 70 PPOs this year, compared to 62 PPOs last year
• SP Jain Institute of Management and Research in Mumbai has seen a good trend with respect to PPOs this year
• At Narsee Monjee Institute of Management Studies, Mumbai, more than hundred students from the School of Business Management have got job offers based on the Summer Internship performance from top companies across the world
• Start-ups and e-commerce companies have also expressed intent to recruit from business schools

Other B-schools aren't far behind. S P Jain Institute of Management and Research (SPJIMR) in Mumbai has also seen a good trend with respect to PPOs and PPIs. Abbasali Gabula, deputy director - external relations & administration, SPJIMR, said that while the placement process will begin in February, PPOs and PPIs have been good and similar to last year.

"We do not foresee any issues with the placements for the students. In fact, this year, we have newer companies from sectors like e-commerce, which have come forward for pre-placement," he said.

At Narsee Monjee Institute of Management Studies (NMIMS), Mumbai, over a hundred students from the School of Business Management have got job offers based on the summer internship performance from top corporates across the world.

Debashis Sanyal, Dean -School of Business Management, said, "We have some of the best brains in the country at NMIMS and it comes as no surprise that these students are sought after by recruiters. I am confident of good placements for the entire batch. Considering the markets' state of flux and gloomy economic scenario, the 108 PPOs signify confidence of the industry in NMIMS and its students and this is helping us to tide over the tough situation. Offers on the basis of internships is an emerging recruitment trend for leadership level recruitments across companies. Summers hold a special significance, as it is an apt mechanism for companies to spot bright talent early and lead to offers."

The companies that have given the offers at NMIMS include Microsoft, Goldman Sachs, Asian Paints, ITC, Dabur, Flipkart, GE, DBS, ICICI Bank, Castrol, JP Morgan, Capgemini, Idea, Vodafone, Kellogg's, Perfetti, Pidilite, Cognizant Business Consulting, CRISIL, M&M, Barclays, Polaris, Mahindra Comviva, Titan, Wipro, Cummins, Group M, Henkel, IBM and Marico etc.

Start-up firms and e-commerce companies have also expressed an intent to recruit from these business schools. A senior placement official from a large non-IIM business school said that e-commerce and start-up firms from technology space have desired to recruit from business schools other than IIMs, because the salary packages can be better designed.

"IIM students have a lot of demands on pay packages. Newer tech start-ups and e-commerce companies want students who are genuinely interested in working in such firms and are not only interested in the pay package. Moreover, since they recruit in large numbers, it is an advantage," the official said.