According the data shared by Xavier School of Management (XLRI), for their summer jobs this year, the number of placements have dipped by half to 4 per cent this year, as compared to 8 per cent of the total placements last year.
The Indian Institutes of Technology (IITs) had early this year put a blanket ban on 31 start-ups after Flipkart had delayed the joining of freshers from IITs. Following that, the placements from e-commerce industry and start-ups have dipped in B-Schools as well. Experts in the industry believe that the trend will catch up with all prominent B-schools.
According the data shared by Xavier School of Management (XLRI), for their summer jobs this year, the number of placements have dipped by half to 4 per cent this year, as compared to 8 per cent of the total placements last year.
The top recruiters on campus in terms of numbers were Accenture, Aditya Birla Group, BCG, General Electric, ITC, Hindustan Unilever, Mahindra, Mondelez among others. The top recruiting sectors were FMCG, BFSI, conglomerates, manufacturing, and consulting among others.
While e-commerce was a major recruiter last year, accounting for 8 per cent of the offers, this number has halved this year and the share has reduced to 4 per cent.
In another institute, MDI Gurgaon, placements in e-commerce sectors have gone down by 10 per cent, while manufacturing has gone up by by 3 per cent.
While e-commerce contributed to 3 per cent of the total offers, five per cent of the offers came from telecom. Some of the major recruiters included Godrej, JPMorgan Chase, American Express and Axis Bank.
Explaining the reason behind, IIM Ahmedabad Director Ashish Nanda told DNA, "The Flipkart fiasco was actually not the cause but a symptom of this whole change. The e-commerce industry has a greater variability, which means the rate at which it grows, it can slow down at the same rate. This is what is happening with start ups and e-commerce, the industry is slow. When they are growing they are hungry for people, when they are slow, the first thing they do is to cut down on people".
While the B-schools cannot put a blanket ban on any industry, the students and placement cells have sure been less encouraging towards start-ups.
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