Monday, March 12, 2007
IT Jobs No Longer The Preferred Option ?
Business Line
In 2007, at campus placement time (December-January), the top nine engineering campuses (the six IITs, BITS-Pilani, VHU and IISc) saw a lot of action from global investment banks and consulting firms. Global biggies like Goldman Sachs, Deloitte Consulting and D E Shaw picked up talent for risk management jobs from premier tech schools. IT services companies, though present, are no longer high on the students' preferred list, says Mr Rishi Das, CEO, Campus Connect, a Bangalore-based firm that helps companies develop a formal relationship with campuses in the area of brand building and recruitment. Campus Connect works with 100 tech schools and over 60 companies in the country.
Mr Das attributes this new trend to the changing scenario in the country, "Business activity in the country is so high that students want to start on jobs that give them business orientation." This year also saw the revival of the `core engineering' careers, he says. Average salary also went up (Rs 7-9 lakh per annum) across campuses with one investment bank offering close to $93,000 per annum to an IIT student. Companies like Tata Motors, Maruti Udyog, L&T, HLL have found better acceptance among students. "This is also because the old economy companies too have upped their salaries. Apart from this, civil and mechanical engineers are also looking at KPO jobs," observes Mr Das.
In 2007, at campus placement time (December-January), the top nine engineering campuses (the six IITs, BITS-Pilani, VHU and IISc) saw a lot of action from global investment banks and consulting firms. Global biggies like Goldman Sachs, Deloitte Consulting and D E Shaw picked up talent for risk management jobs from premier tech schools. IT services companies, though present, are no longer high on the students' preferred list, says Mr Rishi Das, CEO, Campus Connect, a Bangalore-based firm that helps companies develop a formal relationship with campuses in the area of brand building and recruitment. Campus Connect works with 100 tech schools and over 60 companies in the country.
Mr Das attributes this new trend to the changing scenario in the country, "Business activity in the country is so high that students want to start on jobs that give them business orientation." This year also saw the revival of the `core engineering' careers, he says. Average salary also went up (Rs 7-9 lakh per annum) across campuses with one investment bank offering close to $93,000 per annum to an IIT student. Companies like Tata Motors, Maruti Udyog, L&T, HLL have found better acceptance among students. "This is also because the old economy companies too have upped their salaries. Apart from this, civil and mechanical engineers are also looking at KPO jobs," observes Mr Das.
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