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Engineers’ salaries may remain stagnant over the next 3-5 years

Bangalore: Starting salaries for engineering graduates in India’s $108 billion information technology sector may remain stagnant over the next 3-5 years, and even drop for freshers from less well-known colleges, with many IT firms curbing costs amid tighter spending from their top clients.

The gulf between salaries of graduates from premier engineering institutes such as the Indian Institutes of Technology (IITs) and lower-rung engineering colleges may keep widening in the near term, according to the human resource heads at some top IT firms.

23 Lakh Want Peon’s Job in UP, Engineers and Doctorates Included

LUCKNOW: Alok Chaurasia has a degree in electronics and communication engineering. The job that he is desperately waiting for these days is that of a peon.

He is among the lakhs of candidates who have applied to become peons with the Uttar Pradesh government.

“There are no jobs anywhere. The moment I saw the ad for the peon’s job, I applied. Any work is better than nothing,” Alok says. Hundreds of young men had the same idea.


AICTE to reduce 6 lakh seats in engineering to stem degrading quality

Technical education regulatory body – All India Council of Technical Education (AICTE) may reduce engineering seats in India by 6 lakh over the next few years. As many as 556 engineering courses or departments have already witnessed a closure in 2015 only, as per AICTE data. Sharing his thoughts with a business daily, AICTE Chairman Prof. Anil Sahasrabudhe, said, “We would like to bring it (number of seats) down to between 10 lakh and 11 lakh (one million and 1.1 million) from a little over 16.7 lakh now.

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Degree in hand, a generation of engineers looks for alternatives

Bangalore: For Rajeev, a 23-year-old engineering student from Varanasi in Uttar Pradesh, planning for a career in India’s $108 billion (around Rs.6.3 trillion) software industry began when he was a teenager.

“Where I come from, it’s popular to prepare for competitive exams and aspire to become an IAS (Indian Administrative Service) officer, or even attempt to become a probationary officer with a public sector bank,” said Rajeev, who will graduate next year in computer science from a top engineering college in Bangalore.

A million engineers in India struggling to get placed in an extremely challenging market

Somewhere between a fifth to a third of the million students graduating out of India’s engineering colleges run the risk of being unemployed. Others will take jobs well below their technical qualifications in a market where there are few jobs for India’s overflowing technical talent pool. Beset by a flood of institutes (offering a varying degree of education) and a shrinking market for their skills, India’s engineers are struggling to subsist in an extremely challenging market.

According to multiple estimates,