Thursday, September 29, 2011

Infosys, TCS hire in big numbers; students pick only top-end performers


It is an all-out war at engineering campuses and only outperformers are winners. While a grim global macro-economy has not prevented IT firms from hiring record numbers from topengineering colleges, students at these institutions are vetting offers very carefully and picking firms with a strong growth track. On their part, top IT recruiters are sharing first slots at campuses in their keenness to tap into the best talent.

Take the case of Amrita University which has campuses in Bangalore, Coimbatore and Kochi. India's second largest IT exporter Infosys and Nasdaq-listedCognizant 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.

A similar trend could be seen at Institute of Engineering and Management, Kolkata, Vellore Institute of Technology, BS Abdur Rahman University (formerly Crescent Engineering College), Chennai and many other tech campuses. The trend is expected to be reinforced even in Karnataka and the National Capital Region where campus placement is going to take place soon. Recruiting has kicked off in a big way in Tamil Nadu, Rajasthan and West Bengal last month. It's in full steam in Maharashtra and Andhra Pradesh now.

With a recession looming large, students are not taking any chances. They are watching every IT company closely as a brand and then choosing where to go very carefully. Around 15 students whom ET spoke to across campuses had one thing in common to say: what matters to them is being in a high growth company which offers job stability and has a good brand name. "I chose Cognizant as they survived reces-sion period two years back," says R Lakshmi of BS Abdur Rahman University.

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