Markets tumble; recruiters still breathe easy

Companies bullish on holding campus interviews

But, authorities of various engineering and management colleges of the city opined that the situation is yet to affect recruitment. According to sources, IT firms have promised to hire aspiring graduates according to their pre-planned schedule.

Speaking to Deccan Herald, Sri Jayachamarajendra College of Engineering (SJCE) principal B G Sangameshwara said that as of now 21 companies have already expressed their interest in visiting the campus for recruiting students from the seventh semester.

Vidyavardhaka College of Engineering (VVCE) principal B Sadashive Gowda opined that companies have already started knocking on the door of the college for dates to conduct interviews. He said that Infosys was planning to visit their campus during the next week for hiring candidates, who will be passing out in the 2012.

With Nasscom allowing campus interviews to be undertaken at the beginning of the seventh semester, companies are already lining-up to secure the best brains.
Concering graduates, who have passed out during this year, most of them have already reported for their jobs.

SDM-IMD chairman for placement, Lt Col (retd) S N Prasad observed that placements for the batch passing out during the next year would take place in October.

He said top recruiters have confirmed their participation in the hiring process. He said that many companies aren’t completely dependent on USA. As a majority of them have businesses in China, which are doing well, Prasad said that recruitment wasn’t likely to be affected.

However, according to sources, the aftermath of Standard and Poor’s downgrade of US sovereign rating on recruitment would be clear in a week or so. Until then, students would have to wait and watch the impact of the global turmoil.