KIAMS and 19 other B-Schools adopt IPRS process, set benchmark in reporting campus recruitments

Published On: 30 Jul 2012

 | Last Updated On: 30 Jul 2012

The Kirloskar Institute of Advanced Management Studies (KIAMS) is one of the 20 B-Schools to adopt the Indian Placement Reporting Standards (IPRS) process, aimed at bringing about transparency and uniformity to campus recruitments. With this move,  a new benchmark has been set in management education. The IRPS process was introduced in July 2011 in an effort to bring greater uniformity to the manner in which Indian B-Schools report salary and non-salary information related to placements.

B-Schools such as KIAMS, which are adhering to the IPRS, will report the minimum, maximum, mean and median of the fixed base salary and other guaranteed cash components separately for each sector, location and function. The IPRS redefines the CTC (Cost to Company) salary communicated in placement reports to the Maximum Earning Potential (MEP), which will clearly represent the compensation that includes long-term and performance-linked variable pay. They will also report summer internship numbers divided into those arranged by the B-School and those arranged by the students on their own.

Dr. Gopal Iyengar (Director,KIAMS), speaking about the relevance of the IPRS says, “Currently reporting of placement statistics is skewed to the purpose of the stakeholder who reports it, leaving a lot of doubts about its veracity.” The IPRS works in two ways when it comes to the dissemination of information: when recruiters communicate the offers to the institute or students and when the institutes communicate the same to the media. Henceforth, the recruiters will have to specify the components of the salary in detail.

After the placements are done with, they will release an interim unaudited report to the public and the media. The standardised placement report will be released three months later, after the school updates the salary data with the actuals based on the information gleaned from their graduates after they have joined the companies. In a congratulatory message to KIAMS, Prof. Saral Mukherjee, Associate Professor and Chairperson-Placement Committee, IIM-Ahmedabad adds, “The IPRS website provides the names of the institutes which are now members of the IPRS. I thank you again for joining us in this journey. We look forward to feedback on how to make the IPRS website more meaningful and user-friendly.”

The success of the IPRS depends on the willingness of India’s B-Schools to accept it. And considering that one of its objectives is to prevent the use of employment reports as marketing devices to attract students and employers, the standardised process (adopted by KIAMS along with only 19 other MBA institutes) will bolster its credibility even further.

For Frequent updates you can share with your friends, 

Like us on FacebookFollow us on Twitter and Google

Do you like this story?

Relevant pages for KIAMS and 19 other B-Schools adopt IPRS process

IGNOU Invites Applications for CTVM Course | Minglebox

.. Communication Medicine and Healthcare Retail Science Travel and Tourism Other Courses   Submitting.. ... How to Apply for IGNOU : Prospectus and form can be downloaded from website  www.. ... 200 is 15th December 2011. For further details and information about eligibility, please click here..

http://www.minglebox.com/article/notices/ignou-invites-applications-for-c -

MDI-Gurgaon celebrated ten years with national seminar on Management Research | Minglebox

.. ranking B-schools in India, where a unique management education is.. .. the most innovative B-school award Application Deadlines Extended by top.. .. B-schools Internet Biggies Calling for IIT Students Now Govt of Kerala..

http://www.minglebox.com/article/news/mdi-gurgaon-celebrated-ten-years-wi -

MBA Colleges in India

Anna Mathammal Sheela Engineering College

Namakkal, Tamil Nadu, India

A nnai Mathammal Sheela Engineering College has been established and run by Mathammal Sheela Trust. Tharamangalam with a view to serve the rural area. The object of starting the instruction is to supplement Government's efforts to provide professional education to...

View Courses

Annai Mathammal Sheela Engineering College

Namakkal Dist., Tamil Nadu, India

Annai Mathammal Sheela Engineering College (AMS), Namakkal was established in 1996. Their commitment to the academic excellence and global quality is today a benchmark for the field Engineering, Technology, Management studies and Computer Applications. AMS is a...

View All 14 Courses

Bharata Mata Institute of Management

Kochi, Kerala, India

Bharata Mata Institute of Management (BMIM), Kochi was established in 2005 has already, carved a niche in the temple of management education both in the country and abroad. BMIM is affiliated to Mahatma Gandhi University and approved by AICTE. BMIM believes that...

View Courses

Dream CallNet, Mathura Branch

Mathura, Uttar Pradesh, India

Dream CallNet Institute was established in 2005 with a joint collaboration with the leading Call Center training Institute. As a group they have seasoned management gurus and IT professionals with comprehensive work experience. It is dedicated to provide total IT...

View All 15 Courses

G.L.A. Institute of Business Management, Mathura

Mathura, Uttar Pradesh, India

GLA Institute of Business Management is one of the top performers in the state with over 600 students and 43 faculties, offering a wide range of specialization with flexible and dynamic curriculum, exciting research and corporate connections are the features that...

View All 3 Courses

 

Request for Information

Close

Are you Interested in ?
Please provide the following details

Related Question and Answer

Ask A Question