IIM Final Placement Figures : To Reveal Or Not To Reveal Is The Question

[Shankx23]

Great Show IIML and a brave step indeed this year by the IIMs. A new standard set in the Indian Education System

Cheers

[profootball25]

Originally Posted by Shankx23

Great Show IIML and a brave step indeed this year by the IIMs. A new standard set in the Indian Education System

Cheers

I agree ...
Excellent placements ...
A long overdue , action on the part of the IIM's not to disclose salary figures ..
I just hope IIM C followed it too , and soon I,K, XLRI and FMS follow suit ...

[maxwriter]

Originally Posted by profootball25

I agree ...
Excellent placements ...
A long overdue , action on the part of the IIM's not to disclose salary figures ..
I just hope IIM C followed it too , and soon I,K, XLRI and FMS follow suit ...

I know that this really is not the place to talk about, but I fail to understand the rationale of not disclosing salaries. Agreed, that the people concerned should not be named. But, pray, why not the figures. Why should they be hidden? If anything, this is going to make things a lot more shady for other schools, which will follow suit saying "high salaries with great profiles being offered".

If this is to reduce competition amongst B-schools, I am not sure how is this going to help. If there are 10 schools in the country they will be compared. This is a parameter of evaluation. In fact, I feel there should be a more clearer picture about the same as to what profiles gave what compensation at which school. Let the prospective students take their decisions. To each one his own.

Sorry for digressing, but this is something which I have been thinking about and have found no tangible reason to explain it.

[case]

Basically there are five parameters to be considered in evaluating placements. Company name, location, job profile , Number of offers made by that company and the salary. Of this, just knowing the first four factors can help a prospective student take his decision in selecting the institute. As far as the fifith factor is concerned it can be deceptive in the sense there is no set standard for calculating the salary and also detrimental . How do you think the students who don't make it in slot 0 & 1 feel.What is the answer they have for their parents, friends, relatives etc regarding their salary while the media has reported salary of just a handful which becomes a bench mark for the public at large. I guess you have to be there to experience it. Why, I have not seen IIT ever talk about placement to the media ! So why should the IIMs?

Case

[krishsuraj]

Average, median salaries are no indicator of how good a college is .Most of those data dont indicate anything. Putting out average placement salaries actually misguides the student rather than helping him/her choose the right college.Anyway profiles on offer have been put out by the IIMs.
I feel using avg salary as an indicator forces some colleges to fudge their salaries. I hope this mad race would stop if top colleges stop publishing their avg salary.

[DesiGuru]

I too strongly disagree with the chicken's route taken by some of the IIMs especially B and now L. For me its a clear signal that placements did not go as well as expected...

I am myself not sure whether IIMC is going to follow the same route or not... But my view would remain the same that this is plain and simple the chicken's way out. Pioneered by the usual suspect IIMB ofcourse

All foreign Bschools do release their Average, Median and even highest salary thru the campus placement route... Maybe it doesnt become news their like here but if you want to know you will come to know what it is through their brochures etc... Other off the table salaries are not disclosed if specially requested by students... If our IIMs think they are some kinda special system of Bschools that they dont need to be transparent you can only blame... well... maybe the Nehru-Gandhi parivar and this stupid idea of IIT/IIMs all over the planet

K

[anandv]

Desiguru

Well played Still sour grapes about missed B call?

First things first!
IIML placements started on 3rd March and even before the placements had started, we knew that IIML is not going to disclose the salary! Now this was irrespective of the fact that which companies are coming in which slot and what kind of placements we will have in the coming days!
As a B-schooler, you would certainly appreciate the fact that nobody knows whether a certain company will turn up on placement day or not!
So the fact remains, we took the decision of not disclosing the salary at the point when we didn't know whether the placements will rock or not!
And IIMA -IIMB are following the same suit I see!

Had IIML disclosed the salary, the average would have been pretty competitive like tier-1 B-schools. The simple reason being more or less same set of Indian recruiters visit tier-1 companies and the batch composition is approx same acroos all tier-1 B-schools (espl IIMs)

Now talking about Indian Education system, this will certainly help to reduce the larger than life status of IIMs, which is good for aspirants and for current students too!
Maybe the coaching insti revenues might dip, but in the long run too much obsession about II* does not help anyone! What was national waste theory btw?

So the point remains, some IIMs have understood that learning is more important than the extra dollar which is anyway spent in paying the fees of cardio surgeons.
I sincerely hope that the others who are garbled in the bureaucracy of red flag appreciate this fact! :razz:
Good Luck

[Plumber]

Originally Posted by anandv

Desiguru

Well played Still sour grapes about missed B call?

First things first!
IIML placements started on 3rd March and even before the placements had started, we knew that IIML is not going to disclose the salary! Now this was irrespective of the fact that which companies are coming in which slot and what kind of placements we will have in the coming days!
As a B-schooler, you would certainly appreciate the fact that nobody knows whether a certain company will turn up on placement day or not!
So the fact remains, we took the decision of not disclosing the salary at the point when we didn't know whether the placements will rock or not!
And IIMA -IIMB are following the same suit I see!

Had IIML disclosed the salary, the average would have been pretty competitive like tier-1 B-schools. The simple reason being more or less same set of Indian recruiters visit tier-1 companies and the batch composition is approx same acroos all tier-1 B-schools (espl IIMs)

Now talking about Indian Education system, this will certainly help to reduce the larger than life status of IIMs, which is good for aspirants and for current students too!
Maybe the coaching insti revenues might dip, but in the long run too much obsession about II* does not help anyone! What was national waste theory btw?

So the point remains, some IIMs have understood that learning is more important than the extra dollar which is anyway spent in paying the fees of cardio surgeons.
I sincerely hope that the others who are garbled in the bureaucracy of red flag appreciate this fact! :razz:
Good Luck

Well this, if not chickening out, indicates the B-schools are creating even more aura abt the placement-salary-figures and stuff, albeit very indirectly and creatively ...Infact, the media has and will only get more excited by this new policy adopted by some of the IIMs...

Really smart work by the IIMs...Keep on the rhetoric of :"let's not focus on the salaries"...withhold the averages...and leak out only the highest figures... ..How else can ya explain Business Standard talking about the highest salaries offered at various IIMs this year?? (a few days back)???

One has to be really naive to believe that this measure is to de-glamorize the hype that placements create...Infact, quite to the contrary!! . We will have to now contend with the fact that we know only the highest salaries offered, and say "IIMs rock"!!

[FreakazoiD]

Originally Posted by DesiGuru

I too strongly disagree with the chicken's route taken by some of the IIMs especially B and now L. For me its a clear signal that placements did not go as well as expected...

Poor logical thinking. Announcement about non-disclosure of salaries was made well before placements started.

I am myself not sure whether IIMC is going to follow the same route or not...

I think it will and when it does, u will support it..

But my view would remain the same that this is plain and simple the chicken's way out. Pioneered by the usual suspect IIMB ofcourse

Another member joins the Rejected-by-B-hence-took-up-C-now-hate-B club! Your comments were as expected

All foreign Bschools do release their Average, Median and even highest salary thru the campus placement route... Maybe it doesnt become news their like here but if you want to know you will come to know what it is through their brochures etc... Other off the table salaries are not disclosed if specially requested by students...

All salaries that companies quote (esp the foreign ones) are extremely inflated and misleading. The true salary details do come out during PPTs but that is not what is revealed in the media. (Hence you had Deutsche Bank who during our summers, actually employed absurd mathematics to arrive at a preposterous salary of 270,000 - the actual salary was closer to half that figure) So even though Im not totally against revealing salaries, Im not sure what purpose it serves to reveal misleading figures.

If our IIMs think they are some kinda special system of Bschools that they dont need to be transparent you can only blame... well... maybe the Nehru-Gandhi parivar and this stupid idea of IIT/IIMs all over the planet

No comments

the freak

[orca]

I am neutral on this one.

On one side it makes sense for the aspirants to have placements info before they make a decision, average sals would definitely help in that sense (we can do away with the student-company-money linkage though). But then the media frenzy is at its highest and u cant really stop them from going ga-ga over 20 something blokes walking away with a 10+ package when the average sarkari karmachari struggles to make 20% of that.

The real issue here is that this avg salary thing kinda turns into a one upmanship game and breeds unhealthy and unethical competition among B-skools. Tier-(n+1) skools wanna get into Tier-n and get tempted to fudge numbers and then the higher ranked skools have no other way out than to quote higher averages. That we dont have someone to audit these numbers every year doesnt help things in any way. This added to the fact that companies themselves quote inflated salaries turns the transparency walla logic on its head since the genuine-ness of the data quoted by the skools itself is under question.

So where do we go from here?

IIML has taken an interesting step and I wouldnt label that chickening out Lets see if all the IIM's can work out a consensus on this in the near future.

And yes, the Nehru-Gandhi parivar doesnt have much to with what IIMX decides to do today