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IIM-C changes summer placement policy for 2012-14 batch
mbauniverse.com | 01 Nov, 2012 1225 hrs IST
IIM-C has decided to allow students more time and choice to select the firm for doing their summer internship and has conceptualized the 'functional preferences' placement system for first year students for their summer placements commencing on November 5
"We believe the new system grants students enough time to evaluate their options and make the right call." IIM-C placement chairperson Prof Krishanu Rakshit
Placements at IIM Calcutta have generally been a four-five-day-long affair with dozens of companies hiring every day. Students are allowed to accept only one offer, which usually gives them very little leeway regarding which firm they wish to be associated with. The new process will be slightly more drawn out so that students do not have to compromise on their preferences. As per the new rules, a student can receive multiple offers on the same day, and choose the best out of them. Thus, the placement process is shifting from the spot offer system to the multiple offer system for summer placements.
“The current process is a little too stressful and at times leads to a herd mentality. Out of peer pressure, students tend to accept the first offer they receive without much regard for the role offered or the sector where their interests lie. We believe the new system grants students time to evaluate their options and make the right call,” said Prof. Krishanu Rakshit, chairperson of IIMC placement.
The concept of a day-long break has been introduced and it will be a respite for students. “It will be a break with only group discussions taking place on that particular day. Companies with their interview process scheduled for the next few days will conduct the group discussion rounds on this day. Therefore, students do not have to spend as long as 18 hours in one day to complete the whole process,” said Jandeep Singh, a second year student.
The advantage of this day-long gap is that students get some time to evaluate the options they have at their disposal and take informed decisions, making the entire process a less stressful.
At the same time, students now have an option to accept multiple offers on the same day. Even if a student gets an offer from a firm, he/she can still attend other interviews, thus availing of more alternatives to choose from. This becomes important when companies of a particular sector attend the process later in the day and students choose another firm out of peer pressure. The new system is believed to be beneficial for both companies and students, as students undergo lesser pressure during the process and take better and informed decisions.
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