The
Recession has struck b-school placements as expected, but its strike is
harder than what was expected. Top Bschools are looking forward to those
companies which were politely rejected last year by them. Top B-schools
including IIM-A,IIM-B,IIM-C,IIM-L,XLRI,MDI,NMIMS
and
other A+ institutes have told their students to accept job offers in
their respective field without considering the package.IIM-B and Narsee
Monji have also told their students to be prepared to travel for recruitment
and those getting a PPO(Pre Placement Offer) are not allowed to sit for
further placements in companies.This clearly suggest Colleges
opting for a 100% placement to save their reputation.This has
happened because Lehman Brothers inc. & Meryll Lynch (now Bank of America)
one of the major recruiters from these top colleges have created a
vast gap ,accompanied by global financial metldown which these bschools
are finding hard to fill up by domestic recruiters.
Now,
that recession has kicked in What effect will it have on MBA aspirants Consider
this thought : Since most of the MBA's from these top notch institutes
would avail jobs pertaining to their fields they would be prepared for the
expected boom that comes after every slump.Since current
recession would continue to exist for atleast 1 more year this means there
would be a pool of talented MBA waiting for the good times to
come.This would inturn effect placements of top bschools further as for every
vacancy companies might find experienced MBA's in competition with you when you
finally graduate out of a bschool.
Another
school of thought is while the global recession is hurting economies you
might not be able to find a job having your desired objectives. This time can
be considered best to load upyour resume with an MBA degree. This is what
most of the people would think, but the point to note here is that you would
face stiff competition for every single seat into these top Bschools ,looking
at the stats of some of the top engineering colleges IIT-B(450 placed out
of 1200 till now) the number of IITians would increase for MBA competition.
The
dilemma is what if after completing MBA from youre dream Bschool you are not
able to find a job suiting your needs. This is what an MBA from IIM-A has just
faced(name cannot be disclosed),just after 6 months with a pay scale of 14 lkhs
was asked to leave the company as the company could not afford IIM-A grads.
The
above two points need to be taken into account, if you already have a job my
suggestion keep trying for MBA but wait for the good times to come
and never go for a B,B+ degree college. Whereas if you are a fresher you might
be tempted to go for MBA preparation, you should consider the trend i.e IIM's
have started giving weightage to experience so finding a job,buiseness or
even indulge in social activity to load you resume with something substantial.
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