IT companies are hiring heavily at engineering campuses across India, with many students receiving multiple offers.
Take the case of Amrita University which has campuses in Bangalore, Coimbatore and Kochi. India’s second largest IT exporter Infosys and Nasdaq-listed Cognizant shared the first slot. While Cognizant picked up 1,263 students, Infosys went for 1,255. Around 970 students had common offers and finally, 83% of them opted for Cognizant while the remaining chose to go with Infosys.
However, this does not tell the full story. Students who receive an offer today will likely join jobs after another year. After joining the job, most fresh engineers receive 3-6 months of training before they join projects. Thus the hiring of today reflects the projected demand for IT services, 1.5 -2 years into the future.
During 2011, over 4.3 lakh fresh engineering graduates are expected to pass out with 2.5 lakh will be graduates with an IT degree, says industry lobby Nasscom. However, not all of them are directly employable and hence the huge scramble for talent at top colleges. Companies know this and are making a beeline for the top-level talent.