The economic downturn imposed due to the outbreak of coronavirus crisis has halted placements at the top business schools of the country.
Abhishek Goel, IIM-C Placement Committee Chairperson, told PTI, “Due to the COVID-19 pandemic, the global headquarter of one recruiter has rescinded six job offers. Another recruiter has taken the internal business decision to postpone the joining date from May to July.”
“One startup has communicated business difficulties, but our latest information is that its job offers to our students are firm”, he added.
Besides, Goel revealed that recruiters have opted for virtual interviews format and most of them are proceeding as per the hiring plans.
He also said that joining of the candidates rely on the recruiters’ hiring plan, it can take place between April and August.
“Given the quality of recruiters, the impact on IIM-C students is negligible, but the situation for other management schools of the country is not that comfortable,” an official of a recruitment agency quoted.
Anju Seth, IIM-C Director, told PTI, “The institution would changing the academic calendar for various programs and also taken various measures”
“We have also expedited a successful transition to new models of online teaching in our programs. We are watching the emergent situation closely and are ready with action plans for various scenarios to facilitate effective outcomes,” she added.
In addition to this, the four recruiters cancelled their summer internship offers that affected 12 students out of 480 students.
“Nine of these students have already been provided with new internships. The institute is making all efforts for the remaining three students to find an alternate opportunity,” Goel added.