PUNE: Engineering students should be prepared for a tough time ahead with many IT companies deciding to cut down on campus hiring next year.
All major engineering colleges in Pune and Pimpri Chinchwad have registered 70-80% placements at the end of this year’s placement season, which is almost on a par or a a bit less than last year. But the projection for 2018, that is for students in their final year now, are dismal.
Keeping in mind the possible impacts of Brexit, Trump’s foreign policy and more automation in industry, the IT companies are in all likelihood discard the practice of mass recruitment of students.
Sandeep Meshram, corporate relations officer at College of Engineering, Pune said, “The highest package in our college has been Rs 36 lakh offered by a Japanese firm. Around 85% of the students registered with us secured placements. This is almost the same as last year. But the future seems very bleak for engineering students.”
Meshram said an IT major, which recruits about 1.20 lakh students a year, has said it will hire around 20,000 in 2018. This was discussed at a meeting with training and placement officers of various engineering colleges.
“Though last year was slightly better, this year was more or less stable. But things are not looking good for the next year. This year, KPIT technologies recruited 155 students in core profiles,” said Shitalkumar Rawandale, dean of the Industry Institute Interaction at Pimpri Chnichwad College of Engineering. The highest package in the institute was Rs 7.5 lakh.
“Trump’s policy is just one issue. Besides, there’s a general slow-down in industry,” he said, adding that the work of 100 people is now being done by 5-10 because of automation. “All this will lead to a massive reduction in placements,” Rawandale said.
“Another change is that while bulk recruitments will come down, more start-ups are coming up. These firms recruit in single digit, but offer about Rs 1.5 lakh more per annum compared to branded companies.Though the number of placements has come down, the average package has increased by Rs 2 lakh,” said A S Kulkarni, training and placement head, Vishwakarma Institute of Technology.
“We have not seen much difference in placements compared to last year. We have kept a one-job policy wherein a student can only sit for one placement session unlike in other places. I don’t think there will be much of a change in technology domain next year also,” said Girish Mundada, TPO, Pune Institute of Computer Technology.
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