B-School placements at 8-year high despite covid-19 disruptions

B-School placements at 8-year high despite covid-19 disruptions

NEW DELHI: Placement of India’s management school graduate touched an eight-year high in 2019-20 despite the covid-19 pandemic impacting the last part of the academic year. The 2019-20 placement numbers indicate that companies honoured many of their job offers to management graduates, despite a tough economic environment. B-Schools managed to find replacement jobs when some of their students faced difficulties in joining the companies due to business loss. As per fresh official data, B-Schools across India placed at least 115,481 graduating management students in 2019-20 against the enrollment of 237,000 of the same batch in 2018-19 academic year. In 2018-19, B-Schools placed around 115,400 students, according to official data reviewed by Mint. This data was from over hundreds of non-IIM business schools. IIMs, because of their brand and quality, had already said that they had a good year of campus hiring. IIMs are autonomous and do not fall under the purview of All Indian Council of Technical Education (AICTE), professional education regulator. Though the placement of B-School graduates hovered around 49% of those enrolled, hiring trend shows a continuous growth, according to official data by AICTE. The number can be interpreted in two ways. One, almost 50% could not land a job during campus hiring, a traditional debate on subdued employment environment and quality of employable graduates in the country. Two, the 2019-20 numbers are still highest since 2012 when AICTE started capturing hiring numbers from management schools in a structured way. “The number could have been much higher this time ...
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