B-school Placements: Need For Diligence Study

Mumbai: | Updated: Oct 22 2002, 05:30am hrs
With corporates cancelling placement offers of management trainees from several B-school campuses in the past, the need now is to conduct a diligence study by students and their institutes. The study should be on the corporates who come to the campus for talent induction. This was the consensus that emerged at a panel discussion titled Who calls the shots in campus placements organised in NITIE, Mumbai.

Elaborating on the issue, KPMG India head (resourcing) Hyacinth Pereira said: In a dynamic market scenario where businesses are collapsing, institutes, students and corporates need to work together and explore synergies that they can leverage through any such recruitment initiatives. According to Mr Pereira, this needs to be initiated so that in future the possibility of offers being withdrawn is considerably less.

Pepsico India Holdings Ltd. general manager (HR) Sudeep Banerjee said students should make a more informed choice before taking up any offer that they receive on campuses. It is always in the interest of the institute to explore the high growth industry before making any choices on the final job that the students plan to walk into, added Mr Banerjee.

Mr Banerjee also underlined the need for institutes to network with alumnis from companies which are being tapped for placements to facilitate the placement process better.

The panelists also called for the need to have a second placement round after the initial round has been completed. Mr Pereira also emphasised the need for conducting a diligence check of the organisations to get a feel of the culture that is institutionalised in the organisation.

Speaking on this Mirc Electronics Ltd vice-president (HR) AC Augustine said: The market scenario will dictate the rules of the game when it comes to campus placements. But campuses can organise a second round of placements for those candidates who have dropped out of unsuccessful companies.

The panelists finally advocated the need for a code of ethical conduct to be demonstrated by companies before revoking the offers that have been made on campuses.