India’s premier business school IIM-Ahmedabad did the unthinkable — it junked its day-based placement system that has been around for decades and replaced it with a cohort-based system.
In the day system, recruiters converged on campus during the designated placement week. The most-coveted companies would come on the first day or Day Zero, and get a chance to interview students first. For business schools, the day-based system became a barometer of success. The less time you took to place your batch, the more successful you were.
(This story appears in the 19 February, 2010 issue of Forbes India. To visit our Archives, click here.)
It certainly is good step towards the betterment of the students at IIM-A .The new always overthrows the old...
on Feb 11, 2010The step taken by IIMA shows why they are no. 1 B-school in India. It has not only modified its existing process to ease-off the pressure from students but also has given enough time to corporate to take the right candidate to avoid any kind of cultural mis-match and hence high attrition rate. I personally think this to be a win-win situation for both , i.e. students and companies. I am really looking forward to other top B-Schools to recognize the need of time and follow the suit.
on Feb 17, 2010