I don't want to be jobless !!!

Recession , recession & recession , Now i feel that this word is a real culprit . I thought of changing my blog title form "Engineering colleges of India " to " Recessing colleges of India " , I know that does not make any sense . Here is a chat between two guys who both are studying at a very good engineering colleges where placement was calculated in no. of jobs offered to a single student. Mind you ," was " is really important .

Let give them some fictitious names . Suppose first guy is ramesh and second is mahesh , and I will put a space for every letter .. i don't want to write on my blog ................(because they form a bad word :) ) . But for readers who can understand that language , there will be hint provided .

Ramesh : What about placement this semester ?

Mahesh : GH _ _ T _
There are just 19 companies till now .
that's it .

Ramesh: F_ C _
Your condition is poor than us dude .

Mahesh : 1

Ramesh : We have just 35 companies registered till now .

Mahesh : You are also F _ C _ _ D dude :)

Ramesh : I have only one hope ..... Higher studies .

Mahesh : Getting a good college will be a challenge now .....
We have 300 people sitting for placement .
There is very little chance that even 100 will get placed t .

Ramesh : Oye ... I just got a F_ _ K _ _G news dude...... Infy selected 3 Guys for shorlisting
ha ha ha............... this is biggest joke of my life .

Mahesh : Dude ... I can see my only hope getting shattered :( .
and dude .... Sun went without taking a F _ _ K _ _ G students from our college
ab to sab M _ _ C H _ _ _ Y _ .......

Ramesh : Mujhe koi bhi C _ _ T _ _ A job de do ...yaaar ... kar loonga

Mahesh : Dude ... don't get pissed .......... takdeer mein jo likha hai wahi hota hai .......
hamari takdeer mein college placement nahi hai bhai

Ramesh : Tu M _ _ C _ U _ A ...... i will a take any F _ _ _ I _ G 3 Lac per annum job but i will get placed , yes !!!.

Mahesh : Beta bhaav kam ker le apne ..... bahut ud raha hai ........ he he ...let's talk something else.

Ramesh : ye kam nahi hai kya ....... yeah .. you r right ....... us bandi ka kya hua be

and the Conversion continued ........................

but they never came to this placement topic again ...... this pitiable condition is prevailing in nearly all Indian engineering colleges . After watching this condition , i am thinking that whether i will get placed or not during my campus placement .. ..... in a maximum possible positive attitude also i have a doubt of getting a good job . I don't want to be unemployed after these wonderful 4 years of my college life . Let us all pray to god ......... " God ye recession ko uthale re , nahi to yeh hame utha lega :P " .

Recession : Job or No Job !!

1. IT firms go slow on campus hiring - telugutimes

2. Economic slowdown forces Wipro to put cap on campus recruitment
-webindia

These news clearly indicates the effect of recession on the recruitment of students during campus placement. Now I will like to describe that actually what is recession ?? and How is it being related to placement in engineering colleges .

What is Recession ??

Recession means a temporary decline in the economic prosperity or economy. It is basically a fall of economy and decline in the economic condition for a small period of time . Our world is currently living in the verge of a great economic downfall or we can even consider it as a crises . It has basically effected nearly all the sectors of economy , but majorly it has effected Banking sector .

Reason for recession ..

It wasn't just a day mistake which has just put us in front of this huge problem .Let me explain you what i read and understood. Few years ago US economy was increasing at a very faster rate and there was huge boom in real state and housing sector. Since rate was really high it was difficult for a common person to buy an asset for him . So, US lending institutions and mortgage firms came with a new solution of giving loans to non- potential buyers to purchase these asset with a interest rate double than what usually being taken from a potential buyer .

So, gradually a huge money got involved in this business as the profit was huge . Finally non - potential buyers were unable to pay the bills and they became the lost entity of the lending institution , they recovered the asset but no one was buying them and finally situation of bankruptcy prevailed in these organization . As these institution is basic structure for nearly all the sectors a state of recession developed in whole US and Europe and gradually reached to Asian countries .

Effect of Recession on Placement in Indian Engineering colleges

Now if we think about the placement scenario of Indian Engineering colleges we should look at recession according to India's prospective . Since very few Indian banks or organization were involved in this type of practice so in this prospective , recession does not have much effect on Indian economy . But since Indian IT sector is partially being flourished by US economy and lending institution , we can't neglect it's devastating effect on Indian IT sector .

The effect is clear as top hiring IT companies has clearly stated that they will go slow on campus hiring. Most likely every college would see a decline in there placement this year. IIT's has already hit the blow and IIT Pawai has recorded only 53 % Placement this year , but yeah the fact is that actually many people opted for higher studies rather than doing a job during recession.

So , Conclusion is this that even people would be getting placed during campus placement there will be a huge decline qualitatively as well as quantitatively . People should try some new options or new tactics which they have presently in this tough time . People can either go for Higher studies like MBA , MS form foreign studies , but the scholarship amount has also been reduced since the time of recession in US based Universities . People can go for their own start-ups or anything like this . But the fact is that if you get a job now, even it is below your standard , don't loose it , because as recession is a temporary condition you would be much better than the people who are not opting for job , after this temporary time get over if you would be continuing the job till that time . According to the news since Indian government and even US government is trying to raise the conditions of the financial institutions or organization, this time won't last for much . I am hoping that this time soon get over so that we can again see the flourishing economic time and better placement.