• Job-hopping rate low among recent IIM graduates In Ahmedabad
     March 13th, 2013     Kunal     Posted in Gujarat in News, IT in Gujarat

    iimA large part of recent graduates from the Indian Institutes of Management (IIMs) either seem happy with their current jobsor are averse to taking risks. Only 11-17% graduates from the class of 2011 changed their jobs in the first 18 months after graduation.

    The findings have been made by an IIM alumnus, Ankit Doshi, whose venture -KiRa Education studied profiles of graduates from the class of 2011 uploaded on a social networking website for people in professional occupations. Doshi’s team went through over 300 randomly selected profiles with proportionate representation of women.

    Among the possible reasons for the low job switches, the study says that batch sizes of the graduating batch across schools were smaller in 2011. As people had more choice, it led to better opportunities, and perhaps, satisfaction with profiles is higher and hence there is no real urge to switch. Other reasons could be that there are not enough opportunities around for people to be able to make a switch or because people are unhappy with their jobs but averse to taking risks. “Student loans and the resultant EMI has ensured very few people can take risks. Switching jobs early in your career is always a risk. With a fixed obligation, it is very difficult,” says the study.

    The findings also say that 65-70% job switches are by students placed from campus in the consulting domain. This is followed by finance and general management. Marketing saw the minimum job switching.

    “Consulting recruited heavily across campuses in 2011. Hence, the higher proportion of switches. But it may not be the most satisfying job experience after all and money matters too. Marketing companies have well-organized management trainee programmes that run for 18 months so it is unlikely that people quit these programmes midway and hunt for jobs,” says the study on the highest and the lowest attrition domains.

    With startups thriving, people are joining the big dreamers. The study says that close to 50% of job switchers have joined recently and decently funded startups.