Summer placements at IIM Calcutta begin on 5th November 2012.
IIM Calcutta campus, Kolkata, October 31, 2012: IIM Calcutta has conceptualized a new Functional Preferences placement system for the upcoming summer placements beginning this November 2012. This change is expected to bring in more order and opportunities into the placement system by introducing a better method of handling student preferences.
The institute has decided to shift from its earlier process in order to make the entire affair less stressful and give the students more time to evaluate the various alternatives at their disposal. Placements at IIM Calcutta have generally been a four to 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 join. 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 spot offer system to multiple offer system for summer placements.
The concept of a day-long break has been introduced to serve as a respite for the students. It will be a break with only group discussions happening on that particular day. Companies with their interview process on the next few days will conduct their group discussion rounds on this day. The advantage of introducing this day-long gap is that the students are given some time to evaluate the choices they have at their disposal and take informed decisions accordingly, hence making the entire process a little less stressful.
The new system has introduced the concept of a preferred function the dream function of work for a student.
Students now have an option to accept multiple offers on the same day. Even if a student gets an offer from a firm, he can still attend other interviews, thus giving him 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 the students undergo lesser pressure during the process and make better decisions.
The institute has been in talks with the industry for some time now and has implemented the changes after due consideration. The recruiters are optimistic about the new process.
We believe the current process is a little too stressful and at times leads to a herd mentality. Out of peer pressure, the 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 the students time to evaluate their options and make the right call. This helps them get the right job, and not just any job. The companies are also able to select the best candidates from the available pool, says IIM C Placement Chairperson, Professor Krishanu Rakshit.
The summer placements begin on 5th November 2012.
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