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Thursday, February 01, 2007
IIM-A to revise placement fee for flagship programme
THE Indian Institute of Management Ahmedabad (IIM-A ) will revise its placement fee structure for its flagship post-graduate programme (PGP) from this year.
While the companies coming in at slot zero will pay the same fees, those firms participating in slot one and two will now have to pay a little more. There will be no distinction in placement charges across different slots during the placement season this year at IIM-A . Earlier, the placement charges for each slot were different . However, the institute will now be charging Rs 1 lakh to all the companies across the different slots.
"Placement fees are mainly the hospitality charges. And as there is no discrimination in services offered to the companies despite the differences in slots, we have decided to have a uniform placement charge," said Shailesh Gandhi, one of the professors at IIMA . While IIM-A has already revised the placement fees, IIM-C is also considering a revision in placement fees. "So far, however, no decision on a hike in placement fees has been taken. But we may take a final call on it in soon," said Sanchit Jain, placement committee member, IIM-C .
IIM-A charges participation fees as well as variable fees to the companies . The participation fees include fees paid by companies for participating in the final placement process, while the variable charges are fees paid per student recruited by the company.
According to the figures available with the students, the placement fees for slot zero were the highest at around $200-300 for international companies and about Rs 1-1 .5 lakh for Indian firms. The earlier charges for companies featuring in slot one and slot two were Rs 75,000 and Rs 50,000, respectively. Although this is not much of a difference in fees for the companies coming in slot zero, this modification in charges, will make companies coming in slot one and slot two pay a little more than before.
PRICE CATCH
There will be
no distinction in placement charges across different slots during the placement season this year at IIM Ahmedabad
Earlier, the
placement charges for each slot were different. IIM-A will be charging Rs 1 lakh from all companies across slots
IIM-C is
also considering a revision in its placement fees
IIM-A charges
participation as well as variable fees
While the companies coming in at slot zero will pay the same fees, those firms participating in slot one and two will now have to pay a little more. There will be no distinction in placement charges across different slots during the placement season this year at IIM-A . Earlier, the placement charges for each slot were different . However, the institute will now be charging Rs 1 lakh to all the companies across the different slots.
"Placement fees are mainly the hospitality charges. And as there is no discrimination in services offered to the companies despite the differences in slots, we have decided to have a uniform placement charge," said Shailesh Gandhi, one of the professors at IIMA . While IIM-A has already revised the placement fees, IIM-C is also considering a revision in placement fees. "So far, however, no decision on a hike in placement fees has been taken. But we may take a final call on it in soon," said Sanchit Jain, placement committee member, IIM-C .
IIM-A charges participation fees as well as variable fees to the companies . The participation fees include fees paid by companies for participating in the final placement process, while the variable charges are fees paid per student recruited by the company.
According to the figures available with the students, the placement fees for slot zero were the highest at around $200-300 for international companies and about Rs 1-1 .5 lakh for Indian firms. The earlier charges for companies featuring in slot one and slot two were Rs 75,000 and Rs 50,000, respectively. Although this is not much of a difference in fees for the companies coming in slot zero, this modification in charges, will make companies coming in slot one and slot two pay a little more than before.
PRICE CATCH
There will be
no distinction in placement charges across different slots during the placement season this year at IIM Ahmedabad
Earlier, the
placement charges for each slot were different. IIM-A will be charging Rs 1 lakh from all companies across slots
IIM-C is
also considering a revision in its placement fees
IIM-A charges
participation as well as variable fees
