A million engineers in India struggling to get placed in an extremely challenging market
Article page |
Health page |
By Anumeha Chaturvedi & Rahul Sachitanand, ET
Bureau: Somewhere between a fifth to a third of the million students graduating
out of India's engineering colleges run the risk of being unemployed. Others
will take jobs well below their technical qualifications in a market where there
are few jobs for India's overflowing technical talent pool. Beset by a flood of
institutes (offering a varying degree of education) and a shrinking market for
their skills, India's engineers are struggling to subsist in an extremely
"But, the business model of IT companies has changed...customers are asking for more. The crisis is very real today." Placement numbers across institutes -- including tier-I colleges such as IIT Bombay -- have mirrored these struggles.
In 2012-13, in IIT Bombay, a total of 1,501 students opted to go through the placement process. At the time of writing, only 1,005 had been placed (placements are currently underway in the institute).
In 2011-12, 1,060 of the 1,389 students were placed. Further down the pecking order, at the Amity School of Engineering and Technology, placements are muted. The number of companies visiting is down from 86 last year to 67 in 2013 at the time of writing (placements are currently underway).
Batch sizes have reduced drastically at its Noida campus this year, with 365 students placed so far in a batch size of 459, compared to 1,032 being placed in a batch size of 1,160 last year.
"Some companies have delayed the joining dates of students who passed out last year and they are still waiting to be placed," says Ajay Rana, director, Amity Technical Placement Centre. "We can expect joining dates of students who passed out this year to be deferred by a minimum of six months."
( Source: Economic times )