PPOs witness a strong rise
Pre-placement offers this year are witnessing a surge of 20-100%. Top recruiters like McKinsey, PepsiCo, Wipro, BCG, etc have already rolled out PPOs at institutes such as the IIMs, XLRI, MDI, NMIMS. These institutes are expecting to almost double their PPOs as compared to last year. Unusually, most sectors including telecom and IT have seen PPOs coming in. Goldman Sachs, for instance, recruited 68 summer interns this year from b-schools across India and plan to convert majority of them to full-time employees. At PepsiCo India, currently 70% of senior sales and marketing managers come from summer interns. This surge indicates a revival of the economy and the job market. PPOs are also a strong indicator of how the placement season will play out.
Six new IIMs to choose from
It was announced early this morning through the IIMCAT website that registration for CAT 2014 will also include registration for the six new IIMs one each in Himachal Pradesh, Punjab, Bihar, Odisha, Maharashtra and Andhra Pradesh.
to read this news
CAT 2014 test cities announced
The CAT website has put out a list of the cities which will hold the test this year. There are to be 98 test cities in the country as compared to last year's 40.
to get the entire list
CAT 2014 notification
IIM-I has announced the dates and a few changes with regard to CAT 2014. The test is to be held on two days: 16th and 22nd of November in sessions of two each. The registration for the CAT 2014 will be open from August 6 till September 30. Students will be able to download admit card from October 16 till examination date. The results will be declared in the third week of December 2014. Another major change coming in is that the exam duration has been increased from 140 minutes to 170 minutes and the questions in quantitative ability and data interpretation, verbal ability and logical reasoning has been increased to 50 in each section from existing 30 questions. Candidates will also be able to switch between sections during the examination.
Campus placement up by 36%
According to an Economic Times study, India's top recruiters are on a hiring binge. Ten of India's best recruiters have hired more than 774 MBAs from 21 top B-schools this year whereas last year the number was 567. Cognizant and ICICI bank have recruited more than 100 MBAs each and Amazon and Flipkart have hired 41 MBAs. Among the list of top recruiters were names like Accenture, Reliance, HCL, BCG, Capgemini, Bharti Airtel etc.