Finance dominates IIM-Calcutta placements

The finance sector ruled the finalplacements process at the Indian Institute of Management-Calcutta (IIM-C) with renowned firms from the field making up 31.3 percent of the offers.

"IIM-Calcutta is known as the 'Finance Campus of India', and this year the finance sector contributed the largest number of offers, nearly 31.3 percent. Finance was closely followed by the consulting and marketing sectors," Pritish Gandhi, recruitmentcoordinator, IIM-C, told media persons here.

"International investment banks like UBS, Morgan Stanley, Citigroup, Deutsche Bank and Bank of America hired students from IIM-C. Students have already received pre-placement offers (PPO) from firms like Goldman Sachs, Morgan Stanley and Royal Bank of Scotland," said Gandhi.

"This year Japanese Investment Bank and Daiwa Securities recruited exclusively from IIM-Calcutta and extended offers to six students," said Gandhi

Consulting firms like Mckinsey and Company, Boston Consulting Group (BCG), Bain and Company and AT Kearney and Essex Lake Group also recruited exclusively from IIM-Calcutta during the March 3-7 final placement process.

"All 383 students who participated in the placement process had successfully received job offers by the end of the fifth day," said Gandhi.

For students with considerable work-experience, lateral placements in senior positions saw a huge increase of 57.6 percent in the number of offers, up from 92 last year to 145 this year.

More than 50 firms participated in the lateral placement process, including recruiters like Barclays Bank, Olam International, Google, Microsoft, Amazon and Shell.

They hired in "unprecedented numbers" after modest hiring or completely giving a miss to placements during the recession period, said Gandhi.

The highlight of the lateral placement process was the participation of private equity firm Gaja Capital, which recruited exclusively from IIM-Calcutta and selected three students. Additionally, MCap Fund Advisors also visited the campus for lateral recruitments.

The IIM-Calcutta this year also introduced "deferred placements" process wherein students who want to pursue entrepreneurship, work in social sector, join a government organization involved in national service or pursue higher education are allowed to sign out of current placement process and join it anytime in the next 3 years.

source:http://indiaedunews.net/IIM/Finance_dominates_IIM-Calcutta_placements_13670/

IIMs trash HRD suggestions on teaching hours, smaller boards

 Faculty bodies at IIM-Calcutta and IIM-Bangalore have passed unanimous resolutions to set aside the reports which suggest reducing the size of IIM boards and societies and asking eachfaculty to teach for 160 hours a year.

Other IIMs are likely to follow suit seeking broader consultation on the proposed reforms.

They have trashed the HRD ministry-appointed committee reports on the new governance structure and teaching load, saying that they are based on incorrect data.

They believe that these recommendations are the outcome of several wrong assumptions andincorrect data and would not allow IIMs to become global leaders. These changes, if implemented, will have a negative impact on the morale of the faculty, IIM-B faculty said in a memorandum submitted to board of governors chairman Mukesh Ambani last week.

They have now called for a fresh panel involvingalumni and eminent academics to create a governance structure for long-term development of IIMs.

A five-member committee headed by IIM-Ranchi chairman R C Bhargava had recommended reducing the size of the IIM boards and societies by almost half, and allowing corporate bodies, individuals and alumni to become members of the IIM society by paying Rs 20 crore, Rs 5 crore and Rs 3 crore respectively.

The IIM-B faculty rejected the idea, saying that it will lead to a major structural change in the ownership of IIMs and would be completely against public interest. They believe that contribution for the society should be more in the nature of developing institutions rather than owning the institutions.

The dons at the elite Bschools have also taken exception to the HRD ministry's decision to fix a minimum teaching load for faculty which will be the same for all IIMs.

source:http://indiaedunews.net/Karnataka/IIMs_trash_HRD_suggestions_on_teaching_hours,_smaller_boards_13536/

Nepal president to attend Chandigarh institute convocation

Chandigarh: Nepal President Ram Baran Yadav will be the chief guest at the 31st annual convocation of the Post Graduate Institute of Medical Education and Research (PGIMER) here on Friday.

It would be a rare opportunity for Yadav, 62, to attend the convocation at his alma mater as the chief guest. He had done his post-graduation in internal medicine from the PGIMER in 1985.

Yadav did his MBBS from the Calcutta Medical College. He was sworn-in the first president of Nepal in July 2008. His elder son Chandra Mohan Yadav and daughter-in-law also have completed their post-graduation in radio diagnosis from PGIMER.

Union Health Minister Ghulam Nabi Azad will preside over the convocation function. Chandigarh Police have made elaborate security arrangements to ensure smooth conduct of this event.

However, patients will have a tough time as the PGIMER's operation theatre technical staff association went on strike for three days from Thursday.

Everyday around 300 surgeries are conducted at the PGIMER and this strike would severely affect the operations.

"The issue of increasing the salaries of operation theatre technicians is pending for the last many months. Therefore, we have decided to go on three-day mass casual leave. However, 10 technicians would be available for the emergency services," said Manoj Kumar, secretary of Operation Theatre Technical Staff Association. 

PGIMER officials have termed the strike as illegal.

"We have already forwarded this matter to the union health ministry so there is no point in going on strike. We would make alternate arrangements to avoid harassment to the public," a PGIMER official said. IANS

source:http://indiaedunews.net/Today/Nepal_president_to_attend_Chandigarh_institute_convocation_13458/