Job offers in hand, IIM & IIT grads stare at a bland future

Square

Students of the elite Indian Institutes of Technology and Indian Institutes of Management are suddenly looking at an uncertain future ahead after landing lucrative offers on campus. Matters can get slightly out of hand if the Lockdown period is extended. Institutes say most companies  have assured them about honouring job commitments and are looking at options like virtual on boarding or even moving foreign jobs to Indian locations temporarily.

Placement cells across top IITs and IIMs that ET spoke to said they are apprehensive that fallout could include postponement of joining dates, cut in salaries or in the worst-case scenario, even job offers being revoked. So far though, placement sources say, only Gartner, an US-headquartered research and advisory firm has revoked offers, but institutes are working on back-up plans.

IIMs at Bangalore, Kozhikode, Ahmedabad and Indore among others said most companies so far have reassured them that offers would be honoured. “Even some companies with data privacy issues have agreed to get laptops couriered across; that will be done once the lockdown is lifted. We have even had a few big consulting firms offer to help students who might find themselves at a loose end,” says U Dinesh Kumar, chair, career development services, IIM Bangalore.

Some companies have said they will try out work from home; some in the BFSI space have moved their positions back to India temporarily. Many are trying to onboard new hires virtually.

“We also understand the plight of companies considering the uncertainty now… there could be some delays too,” said a placement official at IIM Indore.