Here’s how IITs, IIMs are planning to get jobs for their students in Covid-hit economy

Written by Shyna Kalra
| New Delhi |

September 26, 2020 5:12:04 pm

Most of the institutes don’t anticipate a dip in salaries for the ‘high quality recruits’. (Representational picture/ Pexels)

Job placement on the high administration and engineering schools is ready to kick off this yr amid the coronavirus pandemic which compelled many firms to both rescind affords that they had already made, hand out pink slips or impact wage cuts to keep afloat. Institutes are, nevertheless, optimistic about their upcoming placements, claiming there are sure sectors which is able to proceed to see progress regardless of the pandemic.

Amit Karna, chairperson of placements at IIM-Ahmedabad believes that technology-driven companies, particularly health-tech, fintech, and ed-tech firms will see extra hiring this season. “Consulting firms are also looking strong in their participation in our placement process,” stated Karna.

To modify to the altering instances, all of the institutes have moved their placement course of on-line. While IIT-Madras has began the web internship course of early and has already seen one spherical of internships, IIM-Ahmedabad has deferred its placements by a month, which now will happen in December.

Certain institutes, together with the top-ranking undergraduate varsities – IIT-Madras and IIT-Delhi – have made a provision to enable students who couldn’t get a most well-liked job final yr to re-appear for the placements this yr as properly.

For students with little publicity, IIM-Udaipur is planning to maintain workshops to adapt to the brand new setting together with the routine placement coaching. In case of particular eligibility necessities by a agency, case-by-case foundation coaching may even be provided to students, the institute stated. IIM-Udaipur additionally stated it’s strengthening its infrastructure to assist the web medium of recruitment.

IIT-Mandi in Himachal Pradesh too is providing coaching for its students in on-line placement drive weeks in advance. IIT-Mandi students are additionally getting ready for the position drive by engaged on centered initiatives which the institute claims “will help them practice skills required to crack the online test of the companies”.

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Even as IIM-Ahmedabad has deferred its placement until December, it’s prepared to conduct digital placement drives, if want be. “Our application process has been on a cloud-based system for the last several years. This year, we are also holding virtual pre-placement talks by firms,” knowledgeable Karna.

IIT-Madras, which had already held an internship drive on-line for its penultimate yr students, stated they selected the date to maintain the internship drive after holding three surveys with students and two with the businesses.

Prof NV Ravi Kumar, advisor internship, IIT-Madras, stated, “We had requested companies to be flexible considering that several of our students were in remote and far-flung locations where Internet connectivity may not be as good as in urban locations.”

Will salaries provided take a dip?

Most of the institutes don’t anticipate a dip in salaries for the ‘quality recruits’. IIT-Madras claims to have seen an increase in the variety of firms in its on-line internship drive from 147 affords final yr to 152 this yr. While the typical salaries provided remained the identical, the very best packages had been provided by foreign-based companies. The institute acquired two international internship affords, one every from Rubrik’s Software Development, USA, and Jane Street’s Quantitative Researcher, Hong Kong. These had been additionally the very best made affords thus far, the IIT-Madras stated. The institute is anticipating it to set the tone for the position drive as properly and excessive packages from international firms will be anticipated.

“In times of crisis, recruiters who continue to hire expect better quality out of the students. Anyone participating in a job market this year will do better based on the skills and competencies that they possess and can demonstrate,” stated Karna.

Abhishek Goel, placement committee, chairperson at IIM-Calcutta stated, “While the pandemic has resulted in huge disruption across the economy, it has also thrown open several opportunities for management graduates in various sectors, which are being focused on. The advice this year is to prepare harder, stay patient, and calm. Building a career is a marathon, not a sprint.”

Anishya Madan, head, the workplace of profession companies (OCS), IIT-Delhi stated students want to be “positive, confident and prepare for success”. The institute is already conducting internship drives and for placements, particular directions have been issued to students.

For students from tier-I cities and schools, Janat Shah, Director, IIM-Udaipur prompt “taking up application-based internship opportunities to boost their skills and keep an active and updated profile on LinkedIn as it is a great platform to connect to business leaders/recruiters.”

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