No takers for small B-school graduates
25 Oct, 2008
NEW DELHI: Rahul Tripathi was excited after taking admission in a Delhi-based management school even though he had to resort to education loan to pay Rs 7-lakh fee. Similarly, Swati Seghal heaved a sigh of relief getting through an engineering college.
Both began weaving the dream of a secure and settled future with a good job and a handsome package once they stepped out of their respective institutes. However, today the duo, on the verge of completing graduation, have a harsh reality staring at them.
Instead of hiring professionals, the companies are either laying off hundreds of employees or cutting down on packages, training costs and also on fresh recruitments. If at all some plan to hire, they would turn to toprung professional educational institutes.
The global financial crisis has worst affected the graduating students in lower-rung engineering or management colleges. Words like ‘no idea!’ ‘indefinitely postponed!’ ‘scrapped’ and ‘regret letters’ have suddenly become a part of the latest lingo that can be heard in all college campuses. The diffidence is ruling the sentiments of students, as they are now even questioning the career choice that they made.
25 Oct, 2008
NEW DELHI: Rahul Tripathi was excited after taking admission in a Delhi-based management school even though he had to resort to education loan to pay Rs 7-lakh fee. Similarly, Swati Seghal heaved a sigh of relief getting through an engineering college.
Both began weaving the dream of a secure and settled future with a good job and a handsome package once they stepped out of their respective institutes. However, today the duo, on the verge of completing graduation, have a harsh reality staring at them.
Instead of hiring professionals, the companies are either laying off hundreds of employees or cutting down on packages, training costs and also on fresh recruitments. If at all some plan to hire, they would turn to toprung professional educational institutes.
The global financial crisis has worst affected the graduating students in lower-rung engineering or management colleges. Words like ‘no idea!’ ‘indefinitely postponed!’ ‘scrapped’ and ‘regret letters’ have suddenly become a part of the latest lingo that can be heard in all college campuses. The diffidence is ruling the sentiments of students, as they are now even questioning the career choice that they made.