Indian Institute of Ponytail Management - IIPM

This blog is devoted to the study of Ponytail Management - a field that was given its initial impetus by none other than Arindam Chaudhuri of the Indian Institute of Ponytail Management (IIPM) fame who started a the first ever course on Ponytail Management in the world famous IIPM at Delhi.

Friday, February 03, 2006

Advances in Ponytail Management at IIPM - II

In the second post on advances in ponytail management we will share with you the placement process at IIPM. As you would know from all the full page newspaper advertisements, placements is given more importance by IIPM management than by IIPM students - quite unlike at the IIMs where it is usually the other way around. While placements are usually considered an unavoidable nuisance and distraction by IIM faculty, it is considered the reason for their existence by IIPM faculty. This is ofcourse not surprisng as most IIPM faculty are those IIPM alumni who could not get jobs during their placements and are therefore working as IIPM faculty. They are still trying to discover why they failed to get jobs on graduating from IIPM and they are conducting controlled experiments with current IIPM batches to discover what works in IIPM placements and what does not. Based on multiple regression of this data the IIPM faculty are establishing the determinants of placement performance so that in the future eventuality that all applicants cannot be offered a seat at IIPM, these determinants can be used to identify students who stand a fighting chance of getting placed. A sneak preview of this data has shown that high fees is a strong determinant of placement as it makes the student and his/her parents more desperate to get a job to repay the loan. IIPM placement cell has identified a classic mode of gaining brand names associations without paying for them. IIPM students are good at taking up jobs of lower level non-MBA tasks so that IIPM can mention the company in its advertisments while their students get paltry salaries.
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