The Placement Process at AFMI aims to match the requirements of the Corporate World with the aspirations of the students thereby facilitating the achievement of synergy between the two.
The entire placement process takes three-to-four months. Through a series of presentations and job postings, you have the opportunity to learn about recruiting companies from India and abroad. Placements commence with a series of pre-placement talks (PPT) by recruiters to the student body about the organization, their philosophy and their expectations. Students respond by submitting expressions of interest to them.
On their part, recruiters select suitable candidates, draw up a shortlist and inform the Placement committee, who in turn broadcast the same to the students. They then hold interviews on campus and make offers. Recruiters can also conduct off campus interviews with students in special cases. The bulk of the placement process is during a ten days window, however the process of final interviews and placements continues for more than a month.
The Placement committee will equip you with the tools needed to effectively leverage your key strengths and previous work experience in securing your chosen job.
The Placement office makes you better prepared for leadership roles by providing:
1.Live Industry Project during Summer Internship Program
As a compulsory part of curriculum, students are required to undergo Summer Industry Internship with an organization for 3 months. The Internship has dual objectives. Firstly, it allows the student to apply the concepts learnt in the classroom and hone their ability to define, diagnose and analyze a specific managerial problem and search for its appropriate solution. Secondly, it gives the student a glimpse into the present corporate environment and an appreciation of the interpersonal and influencing skills required to excel in the workplace. Having handled a live problem, the student comes out of the Industry Internship with a much more intricate understanding of management issues facing the organization, a greater appreciation of operating variables supplemented by a cognizance of the larger business environment. The organization benefits by acquiring, for a short period, a keen mind equipped with analytical capabilities and theoretical inputs to tackle any immediate issue it may be facing. The organization also gets a chance to observe an AFMI student at work.
The selection process for Summer Placements starts in the last month of 2nd semester for the first year students. The period of Summer Internship is normally from the beginning of August to the end of October. Students are required to complete their assignments and rejoin campus by November first week or the date by which the term starts in AFMI. As a practice, Industry Interns receive a stipend for the duration of their project. Expenses incurred by the student for the project also have to be borne by the company. However, it depends upon the mutual understanding of students and company as well as quality of work they do.
The Final Placements are facilitated through the following processes generally:
The Pre-Placement Talks or Company Presentations are an opportunity for the Companies to interact with the students, understand their expectations and apprise them of the job requirements and job profiles offered.
The Pre-Placement Talks or Company Presentations are an opportunity for the Companies to interact with the students, understand their expectations and apprise them of the job requirements and job profiles offered.This process is usually conducted in the month of February, although recruitment through Pre-Placement Offers (PPO) and lateral process for students with prior work experience can happen till at least a fortnight before the Final Placements. Companies are required to conduct a Pre-Placement Talk (PPT) so that they can interact with the students. This is followed by scheduling of participating companies for placements by allotting day and time when they can begin their recruitment process. The entire selection procedure of a company has to be carried out within the time frame allotted to them. Companies may invite CVs of interested students and shortlist students on the basis of their profiles before coming on campus. On campus, the company interviews the short-listed students and can select students through the following mechanisms of Final Offer:
Spot offers: If a company makes an offer to a student before completing the entire interview process with all short-listed candidates, such an offer is considered as a Spot Offer.
Final Selection list: A company may interview all the short-listed candidates before arriving at a list of selected students. Such a list is considered as a Final Selection List.
Students with prior work-experience bring tremendous value to the Institute in the form of a rich mix of learning of the applicability of their knowledge in a functional domain and its relevance in the larger business context. As a result, students with experience not only have a better appreciation of theory but also tend to be a more mature and complete manager at the end of the academic process. The Lateral Placement Process allows recruiters and students with work-experience to interact. Higher-than-entry-level positions should be offered depending upon the duration and relevance of a candidate’s work-experience. This process is usually held during the time period of November to January. Companies have to conduct a Pre-Placement Talk (PPT) before conducting the selection process. The exact schedule for the company to organize its PPT and selection process is decided upon a mutually convenient basis. The candidates assessed as part of Lateral Placements Process have to be notified regarding their selection at least 15 days before the Final Placement Process in February. If a company is unable to visit campus during the Lateral Placements period, it is possible for them to recruit students with work-experience at higher-than-entry-level positions during the Placements in February. However, the company is required to indicate this before it is scheduled for Final Placements.
AFMI follows a no-differential policy with respect to Lateral Placements, Final Placement and Summer Placements.