IT recruiters turn their back against IITs
Mumbai: Students of Masters of Technology (M Tech) at the Indian Institutes of Technology (IITs) have been hit hard by the IT firms' decision to hire fewer students this year.
According to the IITs, only 25- 40 percent of the M Tech students have been placed so far compared to 90 percent placements last year, even with IT firms being the largest employers of M Tech students, reported Business Standard.
The IITs are beseeching students to take up higher studies or join start-ups. Some are also considering extending the placement period, which began in the first week of December, to April 2009.
"We have around 450 M Tech students of which only 20 percent have been placed so far. A few IT companies declined to visit the campus given the current financial meltdown," said P K Jain, Placement Director, IIT, Roorkee.
Wipro Technologies, which used to recruit around 50 students on an average from IIT Roorkee, has declined to visit the campus this year. The institute is in talks with Patni Computer Systems and Satyam Computer Services for campus visit.
Meanwhile, Tata Consultancy Services (TCS) has hired only 13 students against 36 last year and Infosys Technologies only four against seven last year. International Business Machines Corporation (IBM) also lowered recruiting, hiring just nine students this year against 12 students last year.
"We are facing problems placing M Tech students. Big IT firms that used to frequent our campus have not shown up," said an official. The institute has registered around 30 percent placements for its M Tech students and 80 per cent for B Tech students. IANS
Source: http://indiaedunews.net/IIT/IT_recruiters_turn_their_back_against_IITs_7030/
According to the IITs, only 25- 40 percent of the M Tech students have been placed so far compared to 90 percent placements last year, even with IT firms being the largest employers of M Tech students, reported Business Standard.
The IITs are beseeching students to take up higher studies or join start-ups. Some are also considering extending the placement period, which began in the first week of December, to April 2009.
"We have around 450 M Tech students of which only 20 percent have been placed so far. A few IT companies declined to visit the campus given the current financial meltdown," said P K Jain, Placement Director, IIT, Roorkee.
Wipro Technologies, which used to recruit around 50 students on an average from IIT Roorkee, has declined to visit the campus this year. The institute is in talks with Patni Computer Systems and Satyam Computer Services for campus visit.
Meanwhile, Tata Consultancy Services (TCS) has hired only 13 students against 36 last year and Infosys Technologies only four against seven last year. International Business Machines Corporation (IBM) also lowered recruiting, hiring just nine students this year against 12 students last year.
"We are facing problems placing M Tech students. Big IT firms that used to frequent our campus have not shown up," said an official. The institute has registered around 30 percent placements for its M Tech students and 80 per cent for B Tech students. IANS
Source: http://indiaedunews.net/IIT/IT_recruiters_turn_their_back_against_IITs_7030/
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