Why does a analytics company need to hire 30+ MBA freshers in the first place?

Analyst

Founder

Not surprising considering the current situation in the VC world

Brand Marketing Manager

TheMathcompany revoke 30+ New hires from Top IIMs and ISB.

Project Manager

TheMathcompany revoke 30+ New hires from Top IIMs and ISB.- Grapevine

Welcome to Business Roles's Private Community

I recently came across some articles.

https://medium.com/@srikanthp2019/the-intentionally-hidden-truths-of-iim-calcutta-3fc36cfd7e30

https://www.reddit.com/r/CATpreparation/s/JZm34iaRt2

Does ragging of such scale where the seniors time and again disrespect the juniors and humiliate them really happens at top B-Schools( i m talking about IIM A,B,C,L,K,I, FMS, XLRI etc) l.

I am from one of an old IIT and haven't faced any ragging or harrasment from seniors over here apart from the freshers party where the seniors themselves told that if you are not comfortable then you can leave. Not one incident after that. Instead it has been a total opposite scenario and the seniors are too helpful here in a variety of ways. I have friends in IIT Bombay, Kanpur and Delhi and they too told me the same thing.

I was very surprised and astonished when I found out that kids age 18 years old aren't engaged in ragging at IITs but adults age 23 years+ doing their MBAs are doing the same at IIMs.

PS: I plan to pursue an MBA from an IIM in the future but such incidents are a big turn off for me hence I wanted to know the reality.

Ragging at Indian B schools.

Product Manager

Heard with some people working there. They have asked many employees to start looking for other jobs. 
If any other person working there can confirm.

Mathcompany Layoff

Business Analyst

Freshers impacted in software/product and data science profiles. Day 1 company in all colleges. Placement season is almost over everywhere and now these students are without a job just days before their joining date. No severance too unlike layoffs. 

Used to pay a lot though, 30 lakhs base salary for SDEs and 15 for product analysts after taking gruelling overnight interviews.

Heard internally there struggling a lot which is reflected in their stock price which is halved from 2021 despite a bull run in US tech companies in the same period.

Note to anyone thinking of getting into sprinkr(obviously in future cause they showing middle finger now): join only if you want to work like a donkey in exchange of lots of money.

Sprinklr revoked 150+ offers accross IITs, NITs, BITs and other tier 1 colleges.

Calm down. A person who cracked a 30 lpa offer will do well in life regardless of whether Sprinklr is a heartless corp or not. Fuck them.

Program Manager

Amazon has apparently delayed joining to January for majority of IIT hires and revoked offer letters for others. Same across all IIT campuses.

Can someone from Amazon confirm if this has happened for all new hires or to some specific colleges or divisions?

Amazon Offer Revoked Across IITs

Market is that bad that this isn’t about 4-5 people but 72 candidates at IIM-L do not have a job.
 Saw this on Twitter.

IIM Lucknow is reaching out to alumni to help them with placements.

Welcome to Office Gossip's Private Community

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.

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

Hey guys,

What is the expected avg salary in the current market situation ( 2022/2023 graduating batch) for new IIMs ( Ranchi, Amritsar, Raipur, Udaipur). Asking for my younger sister. Please share if you have some insights/data on the same.

Avg Salaries New IIMs

Reading reports of students from IIM Blr and Lucknow struggling for internships. Does anyone have any insights on the real scale of this? Any insights on the ongoing fulltime placement season for 2024?

IIMs struggling with internship?

Executive Director

Welcome to Indian Startups's Private Community

Folks with considerable experience in startup world, do mba passouts from IIMs and other top tier business schools are actually worth the salaries they are paid?

Rant about IIM

If anyone is absorbing fresh graduates, please reach out to the ones affected on Linkedin.

Spriklr revokes Campus Offers

Recruiter

Unacademy will be laying off 30% of its workforce this week. The list of people who will be laid off has been finalised and received signoff from Gaurav & Roman. 

Sad State of Affairs.

Unacademy fresh Layoffs 😶‍🌫️

Growth Manager

Is it possible to go into strategy/ consulting roles with good compensation without MBA? I’m currently QA, 3 yoe, but had offer from one of the top IIMs during my final year and have kept learning about most MBA topics on my own as my hobby.

Change of career fields

Software Test - QA

Just wanted to know if your top B schools in India actually are worth the money you’re ready to shell out or is it something that’s just gold covered ***. 

Incase of doing an MBA any recommendations at what stage in my career should I go for one and which schools should I apply for ? 👽

Are colleges like ISB worth it or are they just fancy overhyped colleges ?

Assistant Manager

They came early in for the placement drive in college, selected a bunch of students because of which students weren't allowed to sit for any more companies. Now 2 months(after delaying the start date for 3 months) before joining they revoke the offers stating financial situation has gotten worse. What a shitshow to play with students lives.

Add them to your blacklist.

Arvind Internet (Omuni) Revoke offers from students last moment

Software Engineer

Is going to ISB worth it??

Just wanted to give some updates now that it has been 1 month since the last post

1) Senior Leadership from Tech (3) , a senior director from Product , Finance Head have all resigned. Strategy team has been dissolved. 
2) There are more people in the pipeline and will get more clarity by month end.
3) Everyone over the CTC of 60 lakh has been asked about the revenue that they bring in and based on that, their position is being reconsidered.
4) All contract workers have been terminated. Interns have been told that they won't be receiving PPOs.
5) Senior Management Has been asked to take 20% paycuts. 
6) Even at Junior level, people have been asked to take pay cuts or resign.
7) Lots of tools used in tech are being removed and AWS subscription has also been revised.


Meanwhile HRs have been celebrating on slack channels that Yubi has been ranked in Top 25 companies for career development :/

Rampant Negativity at Yubi Part 2

IIMboacki 2y or 1y package is less than masters union 1y course!!!

Do u agree or have any perspective?

35 Lpa Avg Package at Master's Union >> IIM blacki

1. “Powered by Masters Union”, not news but PR by them 
 2. Batch size not given  
 3. 20% placed in founders office roles.😂😂 
 Don’t trust MU for the next 2 3 years. Phir sab nikal jaayega

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