Private engineering colleges see 50-70% drop in placements
The slowdown in placements is forcing these institutes to rework their plans, said officials at some of the private engineering institutes ET spoke with.
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Offering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitSantanil Dasgupta, senior director of BML Munjal University's career guidance development centre, said they have adopted a wait-and-watch approach.
Companies are hiring judiciously and the sentiment is low for the fresher recruitment drive, said Dasgupta.
IT service providers — usually the main campus recruiters — had gone heavy on hiring over the last two years expecting good growth. But they are now rethinking their plans amid a slowdown in client spending. Hiring for the other engineering streams is either flat or low.
«Last year, 63% of students had been placed by this time (overall 95%). This year, 20-25% of students have been placed thus far,» said Dasgupta. The batch size at the university is 175.
Some other private institutes shared a similar sentiment.
«Hardly 30% of the students have been placed thus far,» said Anjani Kumar Bhatnagar, deputy director of placement cell at Amity University. «By this time last year, 60% of the batch had been placed.»
Bhatnagar said the university is changing tack.
«We need to target those companies that are niche in nature. Even if they are not niche, these companies need to have their operations in India because these are the companies that are recruiting these days,» said Bhatnagar.
The campus
