The Indian Institute of Management Bangalore (IIM-B) has become a trend setter once again with its flagship postgraduate programme students accepting leadership job offers from top ranking Indian companies.
Prof Sankarshan Basu, Chairperson, Career Development Services, IIM-B said, “Some leading Indian firms have chosen IIM-B students who can be groomed for the strategic leadership roles. These firms were earlier recruiting candidates from foreign universities for the same posts. It is a new and interesting trend.’’
“It is not associated with recession. Only a few companies offered placements last year. But this year, there is a 95 per cent increase in the participation of the Indian companies,” Prof Basu pointed out.
Referring to the salary factor, Prof Basu said, “The companies are paying a fairly equal salary when compared to any other candidate from the foreign university.
"What's the meaning of luxury if you pay more than a million dollars and cannot enjoy Bangalore's fantastic weather?" asks AmitBagaria, chairman, Asipac, a development management consultancy firm. Bagaria conducted a survey of luxury homebuyers and found the two things buyers wanted in a milliondollar apartment were large terrace spaces and floor-to-ceiling glass windows for more natural lighting.
“The salaries are relatively equal to the candidates who have chosen the leadership roles in the Indian firms like Reliance Industries Limited, HCL, CISCO to name a few. The candidates are expected to shadow the founder-chairman like Shiv Nadar, to learn the functions and roles that are required.”
Rahul Anand, a first year student of the 2012-14 batch, said, “The number of leadership job offers have increased with companies like RIL, HCL, CISCO have chosen IIM-B students this year. Till last year, companies like Tata Administrative Services and Aditya Birla Corporation had traditionally offered leadership roles. But this year, more companies have come forward with such jobs.”
“The leadership job offers give the candidates a holistic development with the cross functional exposure that is received in companies. The students get an understanding of each division and pave way for scope of improvement as the managers,” added Rahul.
Source:New Indian Express