B-School placements 2020 at an 8-year high despite lockdown restrictions

D2C Admin

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B-School placements 2020 at an 8-year high despite lockdown restrictions

0 min read

The pandemic and the consequent lockdown restrictions halted life as we know it. Nevertheless, B-School placements 2020 have witnessed an 8-year high. With the national lockdown being announced back in March, several students had apprehensions about their B-School placements, and whether the pandemic would affect their chances of securing placements in 2020 or not.

Despite the reservations people harboured due to the lockdown restrictions, records of the B-School placements 2020 amidst coronavirus indicate that companies are still continuing to offer jobs. Several B-Schools managed to find replacement jobs when some of their students faced difficulties in joining the companies due to business loss.

The official data

According to the official data, management schools across India placed at least 115,481 graduating management students in 2019-20 against the enrollment of 237,000 of the same batch in 2018-19 academic year. In 2018-19, B-Schools placed around 115,400 students. It should be noted however that the data above collected for B-School placements excludes IIMs, as they are autonomous and do not fall under the purview of All Indian Council of Technical Education (AICTE).

Nevertheless, according to their official websites, several IIMs have witnessed remarkable placement rates despite lockdown restrictions. IIM Calcutta saw participation of 150 recruiters raising 498 offers for the batch of 444 students, while IIM Ahmedabad witnessed the participation of over 130 firms. As one of the most premier management institutes in India with recognised B-School placements, IIM Ahmedabad concluded their PGPX final placement 2020 with the highest CTC of 81 LPA.

Hiring trends show continuous growth

As per the official data provided by AICTE regarding B-School placements amidst coronavirus in 2020, the placements hovered around 49% of the students enrolled. It should be noted however that the hiring trends this year have shown continuous growth, and the numbers would’ve been higher if it was not for the pandemic.

The data above can be interpreted in two ways. The first interpretation as to why almost 50% of students could not land a job during campus hiring revolves around the traditional debate on the subdued employment environment and quality of employable graduates in the country. The second and more positive interpretation shows that this number indicates the highest B-School placements since 2012, according to AICTE data.

According to a government official, the number of B-School placements could’ve been higher if it was not for the pandemic. Regardless, the rise in B-School placements 2020 amidst coronavirus has surprisingly been the highest since 2012. Despite the adverse impact on businesses and industries during the pandemic, institutions were able to help their students secure placements this year.

Numbers before the pandemic

In spite of rising B-School placements this year, there is no doubt that the number could’ve been higher if the pandemic would not have happened. Premier B-Schools across the country have been impacted by the coronavirus. According to Mr. J.K. Das, Director of Fore School of Business, New Delhi, the B-School placements were looking up before the national lockdown swept the country.

He continued by stating that management students hiring across cities would have easily gone up around 15%-20% had businesses not gotten impacted adversely. Similarly, the salary would have also perked up but then the economy got the hit due to the pandemic. Mr. J.K. Das concluded by stating that having long-term relations with the recruiters has strengthened the prospects of B-School placements 2020 amidst coronavirus.

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