Crisis hits home, IIM-Lucknow class waits for summer job offers

For perhaps the first time since it was established in 1984, there are not many takers for the MBA students of IIM-Lucknow—a grave reminder of the economic crisis gripping the world.

Two weeks after their summer placements exercise began on campus on November 7, about 55 students in the first year of the MBA programme at IIM-L are still waiting for an offer. Senior members of the faculty at this institution of excellence could not remember the last time this had happened—a few students were sometimes left behind after the first week of placements, but ultimately everyone got placed. Never was it so bad.

For 285 students last year, IIM-L got 424 summer placement offers. “This year, of the 325 students that we have, around 270 have been placed, the rest are left,” said Prof Prem Chandra Purwar, officiating director.

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