Placement season kicks off at IIMs; mood sombre

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Updated on July 26, 2016
Amidst slowing Indian economy and meltdown of global financial sector, India’s top B-school, the Indian Institute of Managements, have started their placement process.

Indian Institute of Management, Ahmedabad (IIM A) held the Day-One placements on February 25, while Indian Institute of Management, Calcutta (IIM C) held its Day-Zero placements on February 21.
 
IIM C has decided to split their placement week into two parts: the first part of the placement week was held between February 21 and February 24. The rest of the placement sessions will be held from March 2.
 
At IIM A, far less companies appeared on day-zero where a major fall was in Investment Bank recruiters. Sources said that less than 10 companies participated on the day-zero, which is less than half of the last year.  
 
To beat the slowdown blues, IIMs have invited many new companies. A member of IIM A's placement team told MBAUniverse.com, “IIM A has taken steps to manage the impact of slowdown on its placements, IIM A said that it has invited a larger number of companies form non-finance sectors, and has been working on reviving the old ties with recruiters.”