Thursday, Dec 01, 2022
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A Dance Of Substance

A Dance Of Substance

Recruiters are back on terra firma, so pass-outs will have to prove employability

A Dance Of Substance Illustration by Saahil

The hot season for business schools is nearing—this is the time when potential entrants are preparing for their entrance tests and shortlisting colleges to apply to. At the same time, it’s placement season for B-school grads, who are looking out with a combination of hope and trepidation. Last year had seen a high in the placement season, which completed a two-year journey of growth. This was offset by some companies later being unable to absorb those whome they had made offers to.

My article in the last Outlook B-school ranking edition suggested that the improved job market in the 2015-16 season was based on recruiters’ expectations of better economic conditions, rather than the reality of superior corporate results. Most companies were expecting to need more managers in a fut­ure which looked better, even though the present was not that great. Last year’s placement season relied on the expectation of “achhe din” as well as scaling up in the new economy. These factors no longer ope­rate. Start-ups are laying off people rather than recruiting heavily, and “achhe din” are still awaited. But most other companies are dealing with the current reality rather than planning on hope. These factors lead me to conclude that this placement season will be more difficult. So, is it all doom and gloom for the passing-out batches? I do not believe so. Recruiters are likely to be rational. There’ll be no fly-by-night offers. It’s a ret­urn to solidity. What are the implications? Recruiters are likely to be more picky. Candidates will have to prove value, be more prepared and project employability. There may be a premium on experience.

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