Saturday, February 7, 2009

An year since placements

Its almost a year since my placements concluded at ISB. I was browsing my hard disk and going through the list of companies to which I had applied while at ISB.

Here are the statistics:
  • Number of companies applied through placements - 37
  • Number of shortlists - 11
  • Number of offers through campus - 5
  • Number of off-campus offers - 3

Here is some interesting stuff on what had happened to these 37 companies over the past one year:

  • 18 of these 37 are listed
  • The average drop in the share prices of these 18 firms (since the time i had applied) is 62%. The range is 19 to 81%
  • Of these 18 firms,
    5 firms have been bailed out
    1 has been taken over
    1 restructured
    1 expected to default on its loan in the next 3 months

Its interesting that i finally took up an offer from IFC,

  • To which i had never applied
  • Never knew that such a job existed even 2 days before placements

And yet IFC is probably one of the best spots to be in, in today's environment (as compared to the 37 companies i had applied)

Moral of story:
Most often we do not recognize if its a blessing or a curse when something hits us. You can well imagine the anxiety i went through when my strike rate at ISB (Shortlists/ Applied) was not that good. There was a point of time during placements, where I had rejected almost every offer I had got and the future looked totally uncertain. Yet in the hindsight, when you are able to connect the dots, it all ends well. Take life as it comes. Have faith - In yourself, in your destiny and in god.

8 comments:

Little Miss Oven said...

Amen, Ranga. Amen to that!

Satish Bhat said...

Could not have put it any better Xeno.

Anonymous said...

Lovely post. Brings back memories. If you should ever write a book, give me an autographed copy. :-)

Laxman.M said...

good post.... u have an art of depicting things in a structured way...

Anonymous said...

i m glad i didnt make it to isb..i m loving the fact that those loser are staring at a 15L lone with no job in hand..did we say isb is ranked 15 in the world..lolz

Rangarajan said...

Hey Anonymous,
I have no comments on your decision about ISB.

However, i wish to point out that the world has changed so much over the past 12 months that, if you are lol at the fact that ISB is ranked 15th, then i will have to lol on your attitude/ knowledge..

Unknown said...

I'd say 11/37 is a pretty good strike rate. Good post, glad to see the class 08 is still blogging :)

Rangarajan said...

Thanks for stopping by Winsy