Overcoming Layoffs and Securing Your Place in the Industry: Insights from Professor Sudipta Mandal, Chair of Placements at IIM Indore

The Corporate world has seen a significant number of layoffs in 2022, with approximately 135,000 employees impacted globally. In India, 17,989 employees have been laid off by 52 startups, including several unicorns and soonicorns. The majority of these layoffs, 15,424, have occurred in the edtech, e-commerce, and consumer services sectors. As a result of these widespread layoffs, many employees in India are at risk of losing their jobs.

In this competitive job market, it is more important than ever for students to be prepared for their interviews. To help MBAs stand out and secure a job offer, Professor Sudipta Mandal, Chair of Placements at IIM Indore, offers the following tips for acing an interview:

1. Make a solid first impression by having a well-written, relevant resume. Tailor your resume to the job you are applying for, and be honest about your skills, education, and experiences.

2. Research the company thoroughly before the interview. Show the employer that you have a genuine interest in the company and understand its vision and history.

3. Practice group discussion skills; many companies now include this in their interview process. Be able to express your thoughts and opinions clearly and respectfully, and lead the conversation with your peers.

4. Take mock interviews to gain confidence and experience facing a panel. You can also ask friends and family to give feedback on your interview skills.

5. Prepare for common interview questions, such as introducing yourself, discussing your strengths and weaknesses, and explaining your qualifications.

6. Practice and prepare for case studies, which are often included in interviews.

7. Dress appropriately for the interview and arrive on time.

Following these tips and being confident in your skills and qualifications can increase your chances of securing a job offer in this competitive market.

Key Takeaway

It’s essential to be realistic and acknowledge that there is no guaranteed way to secure a job or ace an interview, especially in a competitive job market. However, with the right preparation and a positive attitude, you can increase your chances of being selected for your dream company. To improve your chances of success, put your full effort into the interview, showcase your skills in a positive light, and maintain a professional demeanour. By following these tips and staying positive, you will be well-prepared and poised to succeed in your interview.

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