Placement offers will decline this year, will mainly affect non-iitians

Each year over a million engineering students enters for placements, but this year placements season is not expected to be that good as it was in last few years. According to Nasscom president SomMittal’s expectation IT hiring might decline 22% this year.Compared with the 2,30,000 IT jobs created in 2012, only 1,80,000 will be generated this year, according to him.

What’s reason behind this?

“Ten years ago, we could hire half the graduating engineering students, but now, there is global uncertainty, automation, non-linear growth,” said Mittal.”We cannot provide jobs to all,” he added.

Relief for IITs.

Premier institutes of country like IITs will not be affected by this as most of the IITs don’t prefer job in IT sector.
We have no worries. Only 15% of our students join the IT sector and for our 1,200-odd students (all streams included), salaries are expected to go up as well,” said an official from the placement office of IIT-Madras. The average salary has gone up from 8.9 lakh for the batch of 2012 to 11.4 lakh for the class of 2013.

But situation for graduating engineers from B-School of engineering will be not good this year.

Campus placements seson is started in almost every where.

Colleges are compromising on salaries too. “Last year, we had few companies offering 3-lakh plus salaries. This year, we are open to more companies with salaries of 3 lakh or so,” says an official from the placement team of VIT University, based in Tamil Nadu.

Karnataka-based DayanandaSagar Institutions has around a 1,000 students to place. This year, it has decided that companies will have to share slots from day one. Three companies will be allowed to pick students on the same day; only one was allowed earlier.

“IT companies, which used to be the large recruiters, will hire fewer people, so we are trying to get more firms to make up for the numbers,” says Venkatesh.