Fewer placements, stagnant salaries stun city's B-Schools

CHANGING TIMES | Drop due to change in dynamics, delayed MBA admissions

- Musab Qazi

The picture of placements and salary growth at top business schools isn't as rosy as a few years ago. While more and more students are finding themselves without jobs during placement camps, the salary packages offered have either come to a standstill or have dropped marginally.

Experts attributed fewer placements to rationalisation after over-hiring or delay in MBA admissions. The changing dynamics of the workplace and recruitment approach have also resulted in management grads feeling the squeeze.

While two dozen students at the Jamnalal Bajaj Institute of Management Studies (JBIMS), Churchgate, found no jobs during the placement camps, 27 at KJ Somaiya Institute of Management Studies (KJIMS) couldn't find any offers.

Nine out of 131 students in the 2022-24 batch of BITSOM, the management school of BITS Pilani, couldn't secure any jobs. In comparison, only two graduates from its 2021-23 cohort were unplaced. Earlier, BITSOM functioned from a building in Powai and recently opened its campus in Kalyan city.

However, at the National Institute of Training and Industrial Engineering (NITIE), which was renamed IIM Mumbai this year, the entire batch of 446 students got placed on campus but also saw the average salary go up by Rs 1 lakh. Seven graduates got international offers, up from the last year's five.