Worst in the job market is here
Category: News
Experts predict that job market in India is in the worst state in recent years. The global recession has affected Indian Job market badly.
The worst affected are the freshers. Barring few companies almost all of them have put on hold hiring freshers and there seems to be no hope for the freshers. With Indian universities and colleges churning out thousands of freshers every year and due to lack of any job offer the fate of these freshers hangs in uncertainty.
It is estimated that in Bangalore, the IT capital of India, alone there are about more than 100,000 of unemployed graduates struggling to get their first break.
Nitu Bannerjee (name changed) is one of them. She graduated from on of the prestigious MBA college and she has been in Bangalore for past 2 months and finding it hard to get even an interview call let alone job offer.
Deepak Kumar (name changed) another Computer Science graduate from one of the top Bangalore Engineering College finds it hard to get a job.
Even the top Management schools have seen the worst of the placement in recent years. The top-B schools are struggling to get 100% placement. Even those who are placed are being offered less salaries. This year the average salary in top B-schools is down by 25% in comparison to last year’s salary.
With no hope of the Economic revival in USA and UK it seems Job Market in India would continue to be gloomy further.
Indians working abroad are also affected by the recession. Most of them are heading back to India as they have lost their jobs and there is no hope for them abroad. Manish Chandran (Name changed), a Software Engineer, working in USA recently returned as he lost his job and didn’t have the hope of getting any in future.
There has been a massive increase in the freshers’s registration this year on various Indian Job portals. SwamiJobs, one of the leading Indian Job Portal for Freshers, reported to have 87% increase in freshers registration this year.
Market analyst predict that there is no hope of light in the near future and Indian Job market would continue to be gloomy for at least end of this year.
Tags:
Bangalore, Freshers Jobs, Jobs, News
Comments: 14
krishna(name changed),chennai - Jul 19, 2009
ReplyI am fresher(2008 passed out)-Electrical engg. graduate with a campus job offer at hand from an US based IT company,which has been hit hard by recession, I am not called yet to join. I am searching for a job in Core and IT sector for the past one year.
The worst hit ones among the student community are the open category students with poor financial backgroung, having good academic record with no reservations and facing heavy competition in Govt. jobs too they are left with no options. Freshers are getting more and more confused equipping themselves with more and more computer course certifications and PG degrees. Also they are falling a prey into hands of training centres promising them fake job offers.
ram gopal - Jul 19, 2009
Replyeven the people with 5 to 6 six years are sitting idle at the moment due to recession
Roshini - Jul 19, 2009
ReplyDear Sir,
I’m B.Tech in Computer Science, passed out in 2008, and yet to get a job. I’ve applied in many companies but I don’t get much response.
Now a days even I’m not getting calls for interviews. Market is so bad.
Could you let me know how to get my first break? I’m too desperate to get my first job.
Tx
Roshini
Rajesh - Jul 19, 2009
ReplyI was working in USA top telecom company in Bangalore and was handed pink slip last month.
I’ve 1 yr of expereince in Telecom domain.
Can I get a job?
Dipti Reply:
July 19th, 2009 at 8:55 pm
Hi Rajesh,
It is not too late, you should start looking for jobs actively and certainly one day market will improve.
Keep enhancing your skills in the meantime.
Gita - Jul 19, 2009
ReplyMBA in HR looking desperately for the job plz help.
Vijay - Jul 19, 2009
ReplyJob market for freshers is really bad. I’ve been selected in a top Indian IT company but they are delaying in joining date. I’m not sure if I’ll be able to get the job or not.
I am loosing hope and started to look for another job but no success.
It seems there is no hope for the freshers….
Hema - Jul 19, 2009
ReplyI just graduated from IIM Bangalore and was about to join top consulting firm but they put me on hold. I fear the worst that they might turn down the offer at all.
Fresher job market is gloomy…..
Sheetal - Jul 19, 2009
ReplyI got job in a gud company in Bangalore but I have to make non refundable surety deposit. At least this is better than WASTING money with training institutes which offer nothing but a piece of paper (certificate) which can’t guarantee a decent job.
I am the lucky one.
Sudha Kulkarni - Jul 19, 2009
ReplySir,
I am getting an offer from a company in Banglaore but they are asking 4 non refundable security depsoit. Shall I go 4 it? Is it gud offer?
Dipti Reply:
July 19th, 2009 at 8:54 pm
You have to check the company background and if you find it to be good company then you should join the company. Fresher Job Market is really bad and if you wait then you will never get a break at all.
Ramesh Kumar - Jul 19, 2009
Replyfresher in Delhi with B. Tech. in Electronics and Communication Engineering, plz froward me any suitable openings.
computer pretar - Jul 20, 2009
ReplyBIO-DATA
Aabid Ansari
375-Islamabad Bunker Nagar
MEERUT. 250002
UTTAR PRADESH, INDIA.
E-mail: aabidrehman668@yahoo.com
OBJECTIVE: – To play a pivotal role in the rapid growth and expansion of the organization & shoulder new responsibilities to enrich self-experience.
Present Status: – Working with Securitrans India Pvt. Limited, Total Service Providers, as Computer Operator cum Cash Custodian.
Working Period: – From Jan. 2009 to till date.
Job Profile: – Prepare all reports of ATM Replenishment of ICICI Bank, HDFC Bank, IDBI Bank, AXIS Bank, KOTAK MAHINDRA Bank, and overview on all Guarding Report and their working performance, Inspect and Audit Cash Movement in Local City as well as in other City..
Other Work Experience: –
Marketing for Artificial Jewelry in Mumbai.
Sketching & Designing of Jodhpori Design and hand Embroidery.
Educational Qualification: –
· Intermediate from U.P. Board with Art in 2004.
· High School from U.P. Board with Art in 2001.
Other Skills: –
· Certificate Course in Computer Application includes (Ms –Dos, Ms – Windows, Ms-Word, Ms-excel) from S.I.C.A Jai Davi Nagar, Meerut.
· Knowledge of Jewel Cad.
Personal Profile: –
Father’s Name : Ziyauddin Ansari
Date of Birth : 7 Jul 1987
Nationality : Indian
Gender : Male
Marital Status : Unmarried
Contact Number : 09368729478,09368254177
Date: – __________
Place: – __________ (Aabid Ansari)
computer pretar - Jul 20, 2009
ReplyBIO-DATA
Aabid Ansari
375-Islamabad Bunker Nagar
MEERUT. 250002
UTTAR PRADESH, INDIA.
E-mail: aabidrehman668@yahoo.com
OBJECTIVE: – To play a pivotal role in the rapid growth and expansion of the organization & shoulder new responsibilities to enrich self-experience.
Present Status: – Working with Securitrans India Pvt. Limited, Total Service Providers, as Computer Operator cum Cash Custodian.
Working Period: – From Jan. 2009 to till date.
Job Profile: – Prepare all reports of ATM Replenishment of ICICI Bank, HDFC Bank, IDBI Bank, AXIS Bank, KOTAK MAHINDRA Bank, and overview on all Guarding Report and their working performance, Inspect and Audit Cash Movement in Local City as well as in other City..
Other Work Experience: –
· Marketing for Artificial Jewelry in Mumbai.
· Sketching & Designing of Jodhpori Design and hand Embroidery.
Educational Qualification: –
· Intermediate from U.P. Board with Art in 2004.
· High School from U.P. Board with Art in 2001.
Other Skills: –
· Certificate Course in Computer Application includes (Ms –Dos, Ms – Windows, Ms-Word, Ms-excel) from S.I.C.A Jai Davi Nagar, Meerut.
· Knowledge of Jewel Cad.
Personal Profile: –
Father’s Name : Ziyauddin Ansari
Date of Birth : 7 Jul 1987
Nationality : Indian
Gender : Male
Marital Status : Unmarried
Contact Number : 09368729478,09368254177
Date: – __________
Place: – __________ (Aabid Ansari)