The necessity for such an initiative was felt as applicants gather recruitment information using the placement reports and rankings put forward by different B-schools, media and ranking agencies. Individual B-school have different formats of placement reports. The lack of standardization and clarity may lead to the misinterpretation of the data and lead to wrong decision making. Therefore there was a need for such standards to be introduced so as to make the data on the placement reports more comparable and reliable.
The basic objective of introducing the "Indian Placement Reporting Standards" is to bring in uniformity in the manner in which Indian B-schools report salary and non-salary information related to placements. These standards would enable a fair comparison between B-schools on multiple parameters including compensation. This initiative is essentially to ensure that the information put out is comparable. Reliability of data is ensured as the reports undergo a third party audit process.
The information based on these standards would also provide media and ranking agencies with correct data and statistics for them to release the appropriate news and research reports. These standards would help aspiring students in taking career decisions based on correct information.
|October 10, 2010||Proposal for introduction of placement standards at IIM Ahmedabad Recruiter Conclave at Mumbai, India|
|November 2010 to January 2011||Preparation of first draft of the standards by a Committee at IIM Ahmedabad|
|February 2011||Circulation of first draft among students, recruiters, Indian B-schools, media and other stakeholders|
|June 18, 2011||Revision of the draft based on detailed discussions at the Conference on Placement Reporting Standards at IIM Ahmedabad|
|September 7, 2011||Release of names of Institutes following IPRS. Release of IIM Ahmedabad Final Placement Report for 2011.|