IIM-A formulated placement reporting standards for all B-schools

The placement reporting standards for all B-schools in the country have been formulated by the Indian Institute of Management Ahmedabad (IIM-A) so that, there is greater objectivity and uniformity in the manner placement reports in B schools are projected in the media.

The decision in this regard was taken in a recruiter conclave organized by IIM-A on Friday in Mumbai. The conclave was attended by around 160 recruiters, including Morgan Stanley, Standard Chartered Bank and Indian Bank.

From B-Schools, placement coordinators from institutes such as IIM-Calcutta, IIM-Shillong, IIM-Lucknow, IIM-Indore, SP Jain Institute, ISB Hyderabad and others were present.

The placement in charges of other institutes and recruiters provided the inputs at the conclave. IIM-A will soon draft a proposal on this and send it to all stakeholders for discussion and get their reviews.

Placements chairperson at IIM-A Saral Mukherjee said: "We'll try for a consensus among B-schools to publish the standards very soon."

“The standards will have guidelines as to what details of the students' placements and the pay packets offered were to be shared with the media by the placement cell and what was the appropriate time to do so."

About the general trend of recruiters offering packages in terms of Cost to Company (CTC), which is very different from what a student will actually get, Mukherjee said, "We will be requesting the companies to be clear on the components of the package like joining bonuses, one-time relocation expenses, variable components and so on, so that there can be more clarity."