IIM C - Deffered Placement Details
The deferred placement, a concept existing currently in very few B-schools in the country is being incorporated at IIMC this year.
The core objective of the deferred placement policy is to encourage students to pursue alternative careers post MBA, careers beyond what are offered by corporates though the placement process at IIMC, plenty as they are.
The policy aims to mitigate the career risk otherwise students face if they aspire to venture into such careers and opt out of corporate jobs on offer at campus. The policy reduces the downside career risk considerably i.e., if student is unsuccessful in pursuit of the alternative career, he/she has an option to enter corporate careers still through campus placement process. The risk is mitigated for such students by providing them an option to participate in campus placements process in any one of the three subsequent final/ lateral placement processes. They can seek deferment and exercise this option subject to fulfillment of certain eligibility conditions.
How we are different:
Apart from encouraging entrepreneurs (students who wish to start up or continue with their own venture), we also plan to support students who have the following plans:
1. To work in the social sector to do ‘social service’ contributing to social development or nation building.
2. To join a Government Organization involved in National Service.
3. To pursue higher education i.e., Doctoral or fellow program in management in Indian or Foreign universities.
4. To join IIM Calcutta as employees in different capacities.
Tanuj Mendiratta (Batch of 2011)
BE Computer Science, Delhi College of Engg., 2003-2007.
Startup: Study Craft, December 2010 - present.
Study Craft was founded by Tanuj Mendiratta, an IIM Calcutta graduate, in December 2010. Tanuj had an offer from Unilever, one of the most sought after marketing companies among management students.
Study Craft (www.studycraft.com) is a provider of IT products and solutions for the education sector. The company specializes in enhancing the learning environment at educational institutes with the use of state-of-art products and innovative IT solutions.
Study Craft’s core offering is a state-of-art campus management system, CampusNet, which allows an education institute to integrate various interconnected functions such as Academics, Administration, Campus Finances, Alumni Management and Placements through a single online channel. CampusNet also promotes collaborative learning among students and interaction with faculty.
Vivekanandan M (Batch of 2011)
Profile:BE, Mechanical Engg, College of Engineering, Guindy, Tamil Nadu, 2003-2007.
He has Worked in Cognizant for 2 years prior to joining IIM Calcutta.
Startup: "ButterflySpotter", a consultancy firm which assists resorts to create butterfly habitats. The company will be formally registered by March 2011. A butterfly habitat is usually a 1000 sq. ft. open space containing food and host butterfly plants, which attract local and migrating species in India. An example of a butterfly park would be one located in Bannerghatta National Park at Bangalore.
Vivekanandan got the idea of such a firm in 2008. He chose to opt out of summer placements at IIMC to work on his project. Currently, he is in touch with 3 nationwide resort chains and his pilot project will take off in Uttarakhand. One of the resort chains has agreed to give him a set of ten projects upon successful completion of the pilot. As the venture grows, he has plans of expanding the scope of the company.
He is planning to work with Isaac Kehimkar, General Manager (Programmes) at Bombay National History Society, who has authored 'The book on Indian Butterflies'. He has opted out of final placements at IIMC to work on his venture. Vivekanandan says, "I think the policy of deferred placements is a tremendous help in allowing budding entrepreneurs to take the plunge. I had a hard time convincing my parents when I told them that I wanted to start my own venture, but now they have happily agreed to let me pursue my dreams. "
Nithin Jaganathan (Batch of 2011)
Profile: BE Electrical and Electronics Engg, PSG Coimbatore, 2003 - 2007.
Summer Internship: JP Morgan, Bombay; Investment Banking Division. Startup: 'Schnell Energy', a company involved in energy conservation and automation. Nithin began his startup in 2008. Prior to that Nithin worked as VP (Products) in Salzer Electronics Ltd (a BSE listed company) from 2007 - 2008. Nithin is opting for deferred placements. He adds confidently, "It was a natural choice (to opt for deferred placements). I am really confident that my venture will succeed but now, I am elated that the institute has also, indirectly, lent me some support by providing a fallback."
Dhruv Kumar Dahiya (Batch of 2011)
His long term objective is to create a self reliant social organization model, making organizations less dependent on aids and more on activities which self-generate continuous revenues for them. Many organizations are dependent largely on grants from different bodies like Government of India, UN and other aid agencies. He believes that by exploring options which serve society as well as generate revenues social organizations can run with no or minimal aid(example – microfinance institutions). He also wants to work and improve in NGOs issues like proper publicity, maintaining standard norms and procedures and improving operational efficiencies.
'Before joining IIMC, I was involved with an NGO, which is working in the field of spreading basic computer literacy. I was part of the teaching team and took weekly classes. I was also part of one on the project started by them to collect funds and old computers & accessories.
Now I want to restart at a grass root level, most likely in the field of elementary education in a nationwide NGO. Working with such a group will help me develop a broader perspective about functioning of a social organization and the challenges faced. Also by working at grass root level as an Instructor or Coordinator, it will help me understand the minute details of the work. It will also enable me to interact directly with people for whom you are working and know their feedback.'
With time I want to develop a niche for myself in the social sector. I can use skills acquired during my MBA education and work for improvement
Down the line, I want work on a project by any of the international agencies (like World Bank, Red Cross) or open an organization, in or near my hometown. I would also like to be associated with a many smaller NGOs, helping then improve their visibility and resolving their other issues.'