Half of India Inc CEOs from IITs, IIMs

Nearly half of the India Inc’s professionals in Chief Executive role hail from the country’s elite institutes — IIT and IIM, a study says.

“A whopping 50 per cent of the professionals in Chief Executive or Strategic Business Leadership roles hail either from the IITs or the IIMs or both, across corporations studied,” global executive search firm EMA Partners International said in a study.

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CAT may not go online this year

Summary:

Last Dec. IIMs had floated a tender and short-listed 4 companies to conduct CAT 2009 online.

Logistics issues might hinder possibility of CAT going online this year. 300,000 students to take exam on same day on computer terminals – large scale provision of infrastructure and facilities involved – huge task.

Pankaj Chandra, director, IIM Bangalore: “In the next few weeks, we will take a call if we will go online this year or not.”

Decision to be taken by April or May.

Career Launcher too says if IIMs were to go online with CAT this year, they should have notified the students by now. Career Launcher is investing around Rs 30 lakh across its centres to facilitate online CAT training on computer terminals to its students.

IIMs say they’ve been occupied earlier with placements and now with admissions. Once these processes are in place, they would look into the matter of online CAT.

Source: Business Standard

Good news in bad times, for IIM Calcutta

Everyone is talking about recession and poor job prospects for business school graduates. But despite the hue and cry, schools like IIM Calcutta are not complaining. And here’s why.

It is good news in bad times from IIM Calcutta. Recession may have affected pre-placement offers which fell from 90 last year to 54 this year, but the statistics have exceeded expectations.

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IIM-Indore average salary declines by 15-20%

Indian Institute of Management Indore (IIM-I) has wrapped up its two-phase final placement process with the entire batch of 175 students getting placed over a total of 10 days. Though the institute was unwilling to comment on the actual figures, it claimed that this year’s highest international offer from an IT major represented an increase of 40% over last year.

However, the average salary declined by around 15-20% compared to last year. This year’s highest domestic offer from an Indian conglomerate in the infrastructure space too, was reportedly lower than last year.

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IIM-Lucknow to hike fees

One of the top B-schools in the country, Indian Institute of Management-Lucknow (IIM-L) on Monday announced that it will soon hike the fees for its two-year postgraduate programme.

“We have our financial requirements and to justify it we hope to increase the fee,” institute director Devi Singh told reporters here.

According to institute officials, the fee hike would be discussed by the board of governors, who are expected to meet in the third week of March.

At present, IIM-L charges Rs. 5,00,000 for the two-year programme and that is comparatively lower than the other IIMs in Kolkata, Bangalore and Ahmedabad.

While the fee at IIM-Calcullta and Bangalore is Rs.900,000, IIM Ahmedabad charges Rs.1.1 million for the two-year programme.

Mr. Singh said that the IIM-L would also shortly appoint as many as 10 faculty members.

Expressing concern over the meltdown affecting placements of students, Mr. Singh said: “This should be a lesson for all of us. We should sit together and strategise ways to counter the meltdown.”

Mr. Singh said that 72 companies came to the institute for 267 students eligible for placements.

Source: http://www.hindu.com/thehindu/holnus/001200903091915.htm

IIM Calcutta places students without big fat pay checks

IIM Calcutta has managed to keep its head above water, at least as far as placements are concerned. It has managed 100% placements, with average salary dipping just 12%. CNBC-TV18’s Kritika Saxena delves deeper.

Here is a verbatim transcript of Kritika Saxena’s comments on CNBC-TV18.

It may be the worst of times, but for IIM Calcutta, placements season has not drawn too much blood. All of its 265 students have been placed, and salaries, while nor exorbitant, are reasonable.

Sources say average domestic salary this year stands at around Rs 14 lakh per annum, 12% lower than last year’s average. But for IIM-C, this is the largest fall in salaries ever. The minimum salary on offer was between Rs 4 lakh and Rs 6 lakh per annum.

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Fresh grads from IIMs post CVs at job portals

With the first round of campus placements evoking a lukewarm response from top companies, graduates from the country’s elite business schools such as the Indian Institute of Management(IIM) and the Indian School of Business (ISB) are activating their Plan B: posting resumes at job portals.

The number of IIM students tapping job sites such as TimesJobs, Naukri and IIMjobs have doubled in the last few weeks, according to the webmasters that ET spoke to. Some are even signing up for the supplementary services that they offer to build better resumes, a first for IIM graduates, say portal managers.

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