Future of Indian students abroad to be hit by economic crunch
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Future of Indian students abroad to be hit by economic crunch

By SiliconIndia   |   Wednesday, 29 October 2008, 12:04 Hrs   |    5 Comments
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Bangalore: Unlike the past, finding out a job as soon as the course completion may not be an easy task for Indian students who opted to study abroad. On the ground of global financial crisis, both MNCs and medium sized companies are reducing their recruitment plans which will affect the Institutes who every year look at a good number of offers from such companies, reported Financial Chronicle.

After spending huge money on education at various foreign universities, Indian students are facing a terrible uncertainty over finding out jobs. "Looking at the way companies are slashing head counts and lowering the number of recruitments, there remains a high possibility that we might not get a good job," said Shalini Dubey, an International Business student, University of Florida.

"With the meltdown affecting every corner of the globe it is highly unlikely that there will be many opportunities in India as well. Even students studying general and technical courses are feeling the pinch because there are mixed reaction about job prospects across all verticals," said Sukanya Biswas, a management student, University of Pennsylvania.

Most of the students choose foreign countries to study because they want to get a job there and they usually take huge amount of loans for the course completion. Moreover, they usually select specialized streams that are not available in India.

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Reader's comments(5)
1: I have been observing the economic crunch closely and being an avid reader of Business Week and CNN money these things are pretty myriad. I completed my Masters in Computer Science and Engineering from Lehigh University in May 2007. Lehigh, being one of the most expensive universities to get your degree from. I never had to take a loan, but all my friends who had loans and are passing out this year and the next have already secured jobs at a good pay scale. Even in this state of economic crunch there has been a 2.4% salary hike for professional advanced degree holders in technology and a 1.8% salary hike for mangagement executives. The economic crunch isn't affecting the technology industry and fresh graduates much. This comment is based on my interpretation from various sources and is shared here in order to make other readers more aware of the legitimate facts and scenarios prevailing in today's market.
Posted by:Denis Thomas - 31 Oct, 2008
2:
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3: what is happening all around the globe, getting a job turns to be a hard task for talented people even, let us stop doing big courses and start finding a self employment.
Posted by:sundaran - 28 Oct, 2008
4:
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easy ways to lose weight fast at home Replied to: sundaran - 19 Jun, 2010
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Posted by:easy ways to lose weight fast at home - 19 Jun, 2010
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