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 .2. Economic slowdown forces Wipro to put cap on campus recruitment
-webindia
What is Recession ??
Reason for recession ..
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.
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.
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