NEW DELHI: Telecom companies are downsizing, so are some stock brokerages, and IT firms are watchful. There are more than a few jitters in the job market, but none of that is taking away the lure of B-Schools. Early data flowing in from at least five IIMs suggests that companies, especially MNCs, will hire more from campuses this year than the last. IIM-Calcutta has already received 45 pre-placement offers, or PPOs, and 17 preplacement interviews, or PPIs, for students in the 2012 batch. International banks such as RBS, Morgan Stanley and Standard Chartered have made many of the early PPOs. Consulting firms like McKinsey & Co, BCG, Bain & Co, FMCG major Hindustan Unilever (HUL) and software giant Microsoft are also in the fray. The institute had received 92 PPOs last year. "Our estimates indicate the numbers this time are slightly higher," says the institute's chairman-placements, Amit Dhiman. He added that IIM-C has already received multiple offers from major international financial hubs such as New York (Wall Street), London, Singapore and Hong Kong, despite concerns of a financial slowdown. IIM-Indore (IIM-I) and IIMKozhikode (IIM-K) have already raced past their respective PPO figures for the previous year. ( see chart ) "The numbers are rising sharply over the last two weeks. Most of the companies start delivering their PPO/PPI status in September," Ashish Sadh, chairman-placements at IIM-Indore, said. This is just the beginning Companies such as Citibank, American Express, Deutsche Bank, Mahindra & Mahindra, HUL, Cognizant, Tata Motors, TCS, Set MAX, Madura Garments and Cummins have made offers at the institute. Prof PD Jose, chairman-placements at IIM-Bangalore, said, "Such (hiring) decisions reflect the expectations of companies with regards to the future economic outlook." IIM-B said 'the trend looks healthy', but IIM-Ahmedabad (IIM-A) did not share any numbers.
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