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Dark secrets about premier colleges

Just got to know recently that a tier 1 mba college didn’t conduct interviews as part of their admission process during covid. Just CAT scores sufficed. In addition to this, post admission, these batches didn’t have proctored exams, they could collaborate and solve the exams together and then submit their answers online. Please do reply if this was very common during Covid across other colleges and any other such crazy lapses across colleges.

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Gojek

🚨 ℂ𝕝𝕒𝕤𝕤 𝕠𝕗 𝟚𝟘𝟚𝟛 might be the unluckiest graduating class 𝔹𝕀𝔾 𝕋𝕀𝕄𝔼!!

Talked to the son of my Dad's friend recently. Brilliant kid has a good GPA from IIIT-H + 2 research internships and 1 summer internship at good companies. He still can't find a "good" company to get into. (Side Note: "good" implies a high paying job relative to last couple of years) Apparently, most of his friends in other colleges are in the same boat. Massive pay correction has happened. The undergoing rationale is that companies hired Class of 2022 with no restraint because the demand was really strong during their placement season in 2021. This appears to be directly correlated with quantitative easing in the US and a low interest rate environment that was conducive to fundraising for several Series A+ startups. By the time Class of 2022 entered the market, everything changed and they felt some short term change. However, Class of 2023 is having a much tougher time. They are shoved into the job market in a time where demand is low and they are competing with kids who graduated last year. Ongoing consensus appears to be that a huge chunk of their batchmates are going to get their Masters abroad. Their hope is that by the time they graduate out of grad school, the economy will pick up and demand will be strong while they're poised to take advantage of that with bump up credentials. Unfortunately, this also implies that many of them will end up in the CPT-OPT-H1B-Green Card hell. This is really a tough spot to be in.