Student interest in engineering on decline; trend to rise with slump in IT sector hiring
«The number of students enrolling in engineering and technology courses has witnessed a steady decline over the past few years with enrolment in BTech dropping from approximately 40 lakh in 2016-17 to 36 lakh in 2020-21.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisit»In the past five years, BTech and BE courses have seen a steady decline as job opportunities in core streams have diminished. The overall fresher hiring by IT companies has declined from 26 per cent of overall passouts in FY22 to 15 per cent and 10 per cent in FY23 and FY24, respectively," Sharma told PTI.
However, she noted that there is some light at the end of the tunnel and courses such as cloud computing, artificial intelligence, and cybersecurity are still seeing niche demand.
«Both current employees, freshers, and experienced candidates have recognised the need to upskill in these specific domains in order to stay competitive in the IT sector. Tier-I IT firms are prioritising digital transformation, data analytics, cloud computing, and such courses in these domains will remain in demand,» she added.
It is expected that there will be a 4 per cent dip in the total IT services headcount in this financial year with a possibility that 2,00,000 could possibly be at risk depending on the campus placement scenario, she said.
«During 2022-23, there was a 9 per cent dip in fresher hiring from the previous year and it is expected that in FY24 there will be a further 5 per cent decrease. Overall, hiring is expected
