Although the start-up scene remains abuzz with activity, many B-schools are setting grads on the old-school employability path.
In the last two years, there has been considerable hype about start-ups and their potential to change the entrepreneurial landscape in the country. This has been accompanied by a frenzy among B-school graduates to run after start-ups, lured by bright prospects and the fat pay cheques they dished out. Accordingly, start-ups have been prominent first-day recruiters at all top B-schools, picking up the creme from campuses. But this year, things have changed rather drastically. With a sudden downtrend in this sunrise sector, start-ups have ceased to be the most favoured destination for B-school graduates. The reason is two-fold. First, the failure rate of start-ups has increased alarmingly, with a number of them biting the dust and news of lay-offs at others becoming the talk of town. Two, many start-ups have failed to keep their placement commitments and have either rescinded their offers or delayed joining dates. Recently the IITs together banned 31 companies from their placements for the same reasons. A majority of these were start-ups.
This story is from the October 03, 2016 edition of Outlook.
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This story is from the October 03, 2016 edition of Outlook.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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