The economic downturn and recession may be a thing of the past if the flurry of placement activity on the campus front is any indication, but it has brought a perceptible shift in attitude towards public sector undertakings.
The impact of the recession and economic downturn which led to massive job loss seem to have rubbed on the student community as well and this was visible in the shift in preference to public sector undertakings, according to B.G. Sangameshwara, Principal, Sri Jayachamarajendra College of Engineering (SJCE) in the city.
He told The Hindu that this preferential shift to public sector was visible when a sizeable number of students displayed inclination to join companies such as Bharat Electronics Ltd while many of them have done online registration for the written test to be conducted by the National Thermal Power Corporation next month. “The salary structure of the public sector may be on the lower scale compared with what is offered by the private players, but after the recession and job loss, many students have given preference to stability and job security over higher pay scales,” Professor Sangameshwara added.
In the pre-recession years, hardly any student would opt for public sector units, but the engineering students' perception of the public sector units has changed in the post-recession world. What is more, the salary structure is competitive though not on par with the private sector but the bonus is in the job security.
Meanwhile, private companies are making a beeline to the institutes. At the SJCE, the cream of India's manufacturing and corporate companies had lined up to sign up engineering graduates from across all branches of engineering. As Prof. Sangameshwara pointed out, of the nearly 600 students who registered for placements, more than 400 students have been placed suitably in various companies and the remaining students will be recruited in the ensuing round.
Among the companies that visited the SJCE included Power Resource Development Centre, software major TCS, CISCO, Atkins, Billimoria etc, while others like Ericsson, Nokia Research and Development, Jindal Steel, Coreel Technologies, Sony India etc would be conducting recruitment drive in the ensuing weeks. In all, 40 companies have visited the SJCE campus so far.