IIM Graduates Turn To Startups And E-Commerce
BENGALURU: Indian Startups and E-commerce industries are gaining spotlight as days go by. More number of IIM students are running after fresh and growing startups. B-School students who are ready to join the startups increasing in 2015 as compared to the previous year, reports ETI.
As per the survey done by ET, one in every nine students from 2013-15 batch of India’s top B-schools will be attempting to join startups or E-commerce companies as compared to 1 among 19 students in 2012-14 batch. Moreover since the last one year, startups and the e-Commerce companies have raised their offers up to 120 percent.
All those institutes which have completed their final placements are Indian Institutes of Management at Lucknow, Kozhikode and Shillong, Jamnalal Bajaj Institute of Management Studies, SP Jain Institute of Management and Research, International Management Institute (IMI), Xavier School of Management, Xavier Institute of Management Bhubaneswar, SVKM's Narsee Monjee Institute of Management Studies, Management Development Institute (MDI) and Symbiosis Institute of Business Management.
Sharad Sharma, Angel Investor and former head of Yahoo, said "This is just how the IT industry was in the initial days. First it attracted only the engineers and then when operations increased, they needed managers from top B-schools to expand."
Some of the top recruiters in these B-Schools are Snapdeal, Flipkart, Olacabs, Housing.com and Amazon. Few other startups include Appsdaily, Commonfloor, Shopclues, Urban Ladder, PlayGames24x7, Zovi and Uber which are looking for a grand hiring.
As per the report, traditional recruiters are facing immense pressure as best of the talents are rushing towards the growing companies.
Indian mobile payments and e-commerce platform, Paytm also made its debut in the campus recruitments. This firm aims to hire 100 students from all the campuses and offer them up to 16-20 lakhs.
Great startup activities, big ticket fund raising and cool quotient have led to such vast amount of hiring and rushing.
Arindam Bhattacharya, CEO BCG India said, “The value proposition that consulting firms offered to the best of talent still stands. We are a people-centric profession, maybe we just need to sharpen the value proposition a bit more.”
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