Consulting Firms hot favourite at IIM

Another piece of news from the IIM’s. It’s the placement season at IIMs and firms are on hiring spree.
The students are making a fortune with the high level of salaries they are being offered. Here is the story about top paid IIM graduates & its underlying worth.

Now, this news is not about the highest paid salary. It’s about the trend that is going on.

This year, it seems that consultancy firms are the hot favourite of the students at IIMs. Till last year it was the investment banks which picked up not only IIM graduates, but even went to IITs to pick up B.Tech students. The trend has changed this year, and it is the consultancy firms like McKinsey, Boston Consulting, AT Kearney and Bain which are the hot favourite for the placements.

Now, Economic Times report this as follows – “It’s a win-win situation for both parties. For students, the attraction lies in significantly higher salaries as well as exciting roles offered both in India and abroad. The firms, on their part, stand to gain by getting to choose from a bigger pool of talent, which under normal circumstances, might have gone to i-banks.”.

This is something I cannot understand. How can it be a win-win situation? Are the graduates making a compromise? What were these consultancy firms doing last year when most of the top ranked students took up jobs at investment banking firms? How many of these graduates really really like to work at a consultancy firm? If Consultancy firms have won this year, weren’t they a looser last year? Will they be able to keep up the winning spree in next coming years?

Hundreds of such questions come up. Ultimately, it all boils down to one thing – randomness. Today, the investment banking and financial sector is witnessing a crisis period, so they are out. Till last year, they were the favorites. Hundreds of IIM aspirants may be having the dream of working in investment banking and that’s what may have taken them to IIM. But how many of those individuals are able to realize the dream today? No body knows. Figures and statistics for such data is difficult to get.

Things work RANDOMLY. You never know what you will get even in next month. Compromise & adjustments are to made at every stage in life, no guarantee of anything anytime.

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