Dalhousie’s Pilot Program Helps Put International Students in NS Workplaces

Dalhousie’s Pilot Program Helps Put International Students in NS Workplaces

Source: Chronicle Herald via Academica | July 23, 2014

Dalhousie University has launched a pilot program to help international students establish themselves in Nova Scotia’s workplaces. “We’ve noticed that many [international students] are having to go back to their home countries to do their work terms in order to stay on track… and graduate with our [commerce] program,” said Anna Cranston, Director of Management Career Services at Dal. The new workplace experience program helps international students establish contacts and build their confidence in the Canadian workplace. Students and employers alike learn more about cultural differences as well as the challenges faced by international students looking to join the Canadian workforce. “It’s only a small way but if there’s a way that we can find to make international students feel more comfortable in the workplace and out getting jobs, then maybe there’s a chance that they’re going to stay when they graduate,” said Robert Everist, Chief Operating Officer for Cox & Palmer, a firm that hosted a student this summer. NS recently created pathways to encourage international students to stay in the province post-graduation.

Canada Adds 10 Occupations to “Priority” Immigration Program

Source: Canada News Release via Academica | July 22, 2014

The federal government has announced the addition of 10 occupations to its “priority assessment program” that fast-tracks the recognition and processing of foreign credentials for in-demand occupations. The 10 new occupations increase the program’s list to 24, and include geoscientists, carpenters, electricians, heavy duty equipment technicians, heavy equipment operators, welders, audiologists and speech language pathologists, midwives, psychologists, and lawyers. Healthcare and trades have been highlighted as experiencing skills shortages in certain areas across Canada. Skilled immigrants have often complained that they must take on low-skilled employment while waiting for paperwork to be processed. “We recognize that skilled newcomers help fill shortages in key occupations and make an important contribution to Canada’s economy. That is why we are speeding up foreign credential recognition for 10 more occupations … This means that even more new Canadians can put their skills to work sooner across Canada,” said Jason Kenney, Minister of Employment and Social Development and Minister for Multiculturalism.

Own Business Now Big Lure for Fresh MBA Graduates: Survey

Source: Times of India | March 17, 2014

NEW DELHI: Fresh B-school graduates are increasingly shunning the security of a steady job and striking out on their own. A worldwide survey of B-school alumni reveals that 45% of those who graduated between 2010 and 2013 preferred self-employment — that’s almost double the proportion of their seniors who opted to pursue their own dreams in the 2000-2009 period. The survey, conducted among nearly 21,000 alumni representing 132 institutions from 129 countries, covered batches from 1959 to 2013. It showed a steadily growing preference for self-employment among fresh graduates. In the 2000-2009 period, 25% of graduates opted for it while in the decade before that the figure was 14%. 

The survey was carried out by Graduate Management Admission Council (GMAC), which conducts the GMAT exam for admission to more than 6,000 graduate management programmes worldwide. 

The US remains the most preferred job location for alumni from B-schools worldwide with Chinese and Indians taking the lead. As many as 38% of Chinese graduates preferred to work in the US, while 23% of Indian B-schoolers landed up in that country. The survey revealed that a quarter of B-school alumni across the world don’t work within their own country. While almost all B-school graduates from the US (97%) are likely to work in their own country, a majority of the Chinese are likely to work overseas (52%). 

Canada leads the table for annual median salary at entry level with US$ 75,000, but it is the US which pays the highest mid, senior and executive-level salaries. The pay package for B-school alumni in India was among the lowest in the 18 countries listed in the survey. 

“This is a robust survey results in this debut effort from direct collaboration with 132 business schools in 29 countries. A fascinating highlight of this year’s alumni survey is the wide reach of salary data. Seeing earnings data by job level for graduates of business school who work in India is helpful information to consider in one’s career planning and expectations,” said Michelle Sparkman Renz, director, research communications, GMAC. 

As for B-school education, 77% of the alumni said it was financially rewarding. Old students also ensured that they keep in touch with the alma mater be it for mentoring scholars or for recruitment. Nearly 34% of recent alumni have kept contact with the faculty, while 28% attended alumni events. Around 43% of old students visited their alumni website, and an even higher 45% followed their B-school on social media. 

The survey also revealed a shifting preference in functional domain. Since 2000, finance and accounting has been the dominating sector, overtaking the tradition general management. Emerging trends show that marketing, sales and consulting are the new areas of aspiration.

TCS Insights: Business students are currently more inclined to start their own businesses around the world than in years prior. International experience will play a critical role to those looking to succeed in this pursuit. Those aspiring to do business in North America after they graduate should attempt to spend time studying there to develop a knowledge of the culture along with their network of contacts.

George Brown, Ryerson Receive $1.5 Million For Job Training

Source: Ontario News Release via Academica | March 18, 2014

The Ontario government has committed $1.5 million towards partnerships with George Brown College and Ryerson University that are aimed towards training graduates for jobs that lack skilled employees. George Brown will receive $750,000 to train 92 unemployed and under-employed youth for commercial baking and metalwork jobs. Ryerson will get $800,000 to create 120 jobs in the high-tech sector for graduates in the social sciences and humanities; examples of possible initiatives include offering liberal arts graduates short-term training and job placements that would provide them with the types of skills already acquired by science students. Both projects are part of the government’s $25-million Youth Skills Connections program, which aims to bring employers, PSE institutions, government and young people together to tackle the so-called skills-gap issue.

TCS Insights: The Ontario government hopes to fill the void created by low numbers of skilled employees in certain industries by training unemployed and underemployed individuals for available positions. The province is displaying a commitment to providing job opportunities for all students attending post-secondary institutions.

Global Job Offers Double for IIM Bangalore Graduates

Source: Times of India | February 18, 2014

BANGALORE: It’s a windfall for the class of 2012-14 at the Indian Institute of Management-Bangalore. Bucking negative trends, 388 students received 425 job offers from 150 companies during the final placement season. And compared to last year, international placements offered to the students doubled, from 20 to 41. This year, the B-school saw its biggest ever postgraduate programme in management (PGP) batch.

The pre-placement offers poured aplenty with 117 students receiving offers prior to the start of the final placements, which is 20% higher than last year.

The lateral placement season for candidates with more than 22 months of work experience broke all records with 127 offers made by firms in varied domains like strategy , leadership, product management , consulting and general management . Nine candidates chose to join social ventures.

The highest number of offers, about 27%, came from the consulting sector. Accenture Management Consulting, with 13 offers, was the top recruiter in this segment this year; McKinsey and Co. and the Boston Consulting Group had 11 each.

Average hike: The average salary offered this year is Rs 19.5 lakh per annum, 13.3% more than the Rs 17.2 lakh offered in 2013

Top sectors: Consulting 27% Banking & finance 19% IT & technology 17% General management 14%

Key recruiters: Amazon, Samsung, IBM, Coca-Cola , PepsiCo, Reliance Industries Ltd and Flipkart

Foreign companies flock to IIMB: Germany-based incubator Rocket Internet hired exclusively from IIMB for the first time, offering an international role for one candidate. Another firsttime recruiter was LinkedIn.

Sankarshan Basu, chairperson of Career Development Services, IIMB, said usually final placements take place during March. This year it was advanced by three weeks. Two students opted out of the placement process, with one wanting to pursue research and the other seeking to explore opportunities with his previous employer.

There is a rise in salary package over last year. This year the average salary is Rs 19.5 lakh per annum and the median salary, Rs 17.3 lakh. Last year, they were Rs 17.2 lakh and Rs 15.5 lakh, respectively. Ankit Rustogi, students’ placement representative , said the highest salary packages were offered by general management and financial services sector.

TCS Insights: Students of IIMB found success after graduation with many graduates quickly earning job offers, including international placements. Industries that have seeked IIMB graduates include Management, IT, Consulting, Banking and Finance. With the average annual salary offered having increased from last year, graduates look to gain as much from foreign companies as these firms hope to gain from their new employees.

BC Contributes $4.5 million to Heavy-Duty Transportation Training Centre

BC Contributes $4.5 million to Heavy-Duty Transportation Training Centre

Source: BCIT News Release | February 3, 2014

The British Columbia government is providing $4.5 million to allow the BC Institute of Technology (BCIT) and Vancouver Community College (VCC) to create a new Motive Power Centre, which will house heavy-duty transportation programs from both institutions. BCIT says the new centre will create partnership opportunities for BCIT, VCC and prospective employers, while also providing the physical space to allow industry to participate in the centre. “Around 43% of the one million jobs expected to open by 2020 will require trades or technical training,” says BC Advanced Education Minister Amrik Virk. “Co-locating two existing heavy-duty transportation programs into one centre will benefit students, industry and employers.” The 142,000-square-foot facility is set to open to students in September 2014.

TCS Insights: Through the creation of the Motive Power Centre, the province of BC is preparing both domestic and international students for the heavy-duty jobs in the transportation industry that are expected to arise in the near future.

Canada Launches New Mining Institute at UBC

Source: Vancouver Sun | January 30, 2014

The Canadian government has formally launched the Canadian International Institute for Resource Extraction and Development, and its first order of business is to pilot a project to train small-scale miners in improved techniques. The institute’s Executive Director, Bern Klein, says the project capitalizes on research done in the mining school at the University of British Columbia, one of 3 academic partners in the institute along with Simon Fraser University [CIEC Academic Member] and École Polytechnique de Montréal. “The resource sector is a necessity,” said UBC VP Research John Hepburn. “So, unless you’re willing to give up your toys like [the iPhone], we do need the ores and minerals that we extract and that are in demand for all of our products.” In fall 2012, the 3 academic partners were given $25 million to create the institute.

TCS Insights: Growth in the mining industry has made the establishment of this institution much needed.  Academic partners from across Canada are uniting to educate those interested in the resource sector so that improved methodology can be taught to students and spread throughout this expanding industry over time.

How long-term unemployment is affecting the job search

Source: The Globe And Mail

What is the only thing worse than unemployment? Long-term unemployment, apparently. If you lose your job, there are a bunch of hardships you are inevitably going to endure until you find a new one. If you do not find a new one in a hurry, you may face the additional hardship of not finding one for an increasingly long period of time. Employers, it seems, view people who have not held a job with an eye that increases in wariness in proportion to their joblessness.

The insights come from an upcoming paper by Swedish economists Stefan Eriksson and Dan-Olof Rooth, which is to be published in the American Economic Review and was quoted in a blog in this week’s Wall Street Journal. The economists used Swedish data on calls returned to job applicants, sorting job seekers by duration of unemployment. What they found was that being unemployed for a short period of time made no difference at all to job seekers’ prospects, but that being unemployed for longer did.

Actually, it made a difference for workers who were applying for jobs that did not require a college degree, who saw their returned calls decline by 20 per cent. Workers who were applying for jobs that did need more education did not see the same decline in response, although it is difficult to know why. The old rule of thumb is that for every $10,000 you earn, it takes a month to find a new job so perhaps those seeking more educated, higher-wage employees realize they are interviewing people in a more selective, slower job market. Perhaps, too, there is a realization that higher wage workers may have left their last positions with a hefty goodbye package and hence may not be in as much of a hurry as those with more modest skills.

At any rate, the study says little about who actually got hired, just who got in the door. As well, although the Swedish economists believe their research has implications for the U.S. as well as Sweden, it is not hard to believe that the latter is a kinder gentler place than the former, which has gone through a brutal recession. Even in (relatively) kinder and gentler Canada, it seems likely that those with a long period of unemployment on their resume are going to get a harder look than those who are fresh from previous employment, whatever their level of education.

The good news, if there is any good news in the context of unemployment, is that over this business cycle, long-term unemployment has been a considerably less severe problem in Canada than it is in the United States. According to Statistics Canada, as of June, 2013 (the last month for which Canadian data is available), the average duration of unemployment in Canada was 18.3 weeks. In contrast, the average duration of unemployment in the U.S. was 35.6 weeks. In the Canadian case, the figure has not changed too much from before the recession. In June, 2008, the average duration of unemployment in Canada was 13.9 weeks, suggesting a lengthening of about 50 per cent. In the U.S., the length of unemployment has effectively doubled. As of June, approximately 19.9 per cent of the unemployed in Canada were without work for 27 weeks or more, while in the U.S., the figure was 36.7 per cent.

The duration of unemployment is a key indicator to watch. There has been much ado about the improvement in the U.S. labour market, and it is certainly true that the unemployment rate has dipped sharply. As of July, the U.S. unemployment rate was 7.4 per cent, compared to 10 per cent at its peak in October, 2009. Still, over that same period, the duration of unemployment has increased by about 9 weeks, and is coming down very slowly (by about 4 weeks over the past two years). Until this indicator shows an improvement, it will be hard to say that the malaise in the U.S. labour market has lifted, and with it much of the concerns about the global economy that are keeping everybody’s interest rates, including Canada’s, on hold.

Virgin Atlantic eyes growth in India, US

Source: Business Standard

CEO rules out investment in India, feels UK travel bond will not jeopardize travel.

After concluding a joint venture deal with Delta Airlines, Virgin Atlantic Airways was eyeing a bigger pie of the lucrative India-US market, Virgin Atlantic’s chief executive Craig Kreeger said on Monday. He ruled out investment in an Indian carrier, saying Virgin Atlantic was in talks with global airlines for code sharing on its routes within the UK.

Known for its flamboyant and trendy image, Virgin Atlantic is a minnow among airlines due to a small fleet and limited network. Though it flies to Delhi and Mumbai daily, as well as to nine cities in the US, it has a smaller network compared to British Airways, which flies to five cities in India and twenty destinations in the US. Along with its code-sharing partner American Airlines, British Airways could offer 200 additional destinations.

“We are seeing growth in the India-US market. The combination of our excellent timing and our products and services is working well for us,” Kreeger told Business Standard. The tie-up with Delta, which acquired Singapore Airline’s 49 per cent stake in Virgin Atlantic earlier this year, offers the airline an opportunity to expand the US network.

The two airlines have already announced code-shares, reciprocal frequent flyer programmes and lounge access and are awaiting the US government’s approval to cooperate on creating joint schedules, fares, etc. Kreeger said the joint venture was likely to be kick-started in January 2014. The deal allows Virgin Atlantic to sell on Delta’s flights beyond London to points in the US, as well as on Delta’s domestic routes in the US, increasing its revenue possibilities.

Virgin Atlantic also plans to scale up its corporate business in India. “Last year, we entered the Mumbai market with a different approach. We took a valuable asset, a peak time landing slot in London. We felt this market needed connectivity to the US, Manchester and Scotland. From both directions, we are able to offer greater connections. We are actively involved in expanding corporate sales,” Kreeger said.

He refused to specify on expanding code-share with Jet Airways. The airline was in talks with various carriers that didn’t partner British Airways, he said, adding Virgin Atlantic was keen to connect on domestic routes in the UK. The airline was evaluating plans to join Air France-KLM-Delta-led SkyTeam, a global grouping of airlines, he said.

“Security of borders and immigration is in the purview of the government but I have expressed concern to the British High Commission in India over the proposed bond for Indian travellers,” he said, adding any possible restriction would only have a modest impact on travel to the UK. According to information made available by the High Commission, if applicable on Indians, the move would impact less than one per cent of UK visa applicants, Kreeger said. “The visa acceptance rate is 90 per cent. So, this will not impact any of the 90 per cent who are currently getting a visa. More impediments in the way of transportation are not good, but I am optimistic its impact would be modest,” he said.

India on the brink of its own financial crisis

Source: The Guardian

In a reprise of the 1997-98 Asian crisis, India’s stock market is plunging, bond yields are nudging 10% and capital is flooding out of the country.

India’s financial woes are rapidly approaching the critical stage. The rupee has depreciated by 44% in the past two years and hit a record low against the US dollar on Monday. The stock market is plunging, bond yields are nudging 10% and capital is flooding out of the country.

In a sense, this is a classic case of deja vu, a revisiting of the Asian crisis of 1997-98 that acted as an unheeded warning sign of what was in store for the global economy a decade later. An emerging economy exhibiting strong growth attracts the attention of foreign investors. Inward investment comes in together with hot money flows that circumvent capital controls. Capital inflows push up the exchange rate, making imports cheaper and exports dearer. The trade deficit balloons, growth slows, deep-seated structural flaws become more prominent and the hot money leaves.

The trigger for the run on the rupee has been the news from Washington that the Federal Reserve is considering scaling back – “tapering” – its bond-buying stimulus programme from next month. This has consequences for all emerging market economies: firstly, there is the fear that a reduced stimulus will mean weaker growth in the US, with a knock-on impact on exports from the developing world. Secondly, high-yielding currencies such as the rupee have benefited from a search for yield on the part of global investors. If policy is going to be tightened in the US, then the dollar becomes more attractive and the rupee less so.

But while the Indonesian rupee and the South African rand are also feeling the heat, it is India – with its large trade and budget deficits – that looks like the accident most likely to happen. On past form, emerging market crises go through three stages: in stage one, policymakers do nothing in the hope that the problem goes away. In stage two, they cobble together some panic measures, normally involving half-baked capital controls and selling of dollars in an attempt to underpin their currencies. In stage three, they either come up with a workable plan themselves or call in the IMF. India is on the cusp of stage three.

Fix education so we don’t have people without jobs, conference told

Source: MetroNews

Canada must fix its educational system to ensure that a looming demographics shift doesn’t leave result in a “people without jobs and jobs without people” scenario, experts warn.

“The demographic time bomb that’s ticking is getting louder and louder,” said John Manley, president and CEO of the Canadian Council of Chief Executives, which hosted a conference on the issue in Toronto on Monday.

“There’s a mismatch between the training and education that’s being offered, and the jobs that are being created.”

The influence of the postwar baby boom generation has long been known, but the potential impact is staggering. According to Rick Miner, former Seneca College president, by 2036 those under the age of 15 and over the age of 65 will represent 65 per cent of the Canadian population, compared with 44 per cent in 2010.

“That means nearly two-thirds of the population will be over 65 or under 15, compared to the population working full-time. That’s frightening,” Miner said.

These demographic changes can be mitigated by getting more people into the workforce who have been traditionally under-represented including immigrants, aboriginals, women, those with disabilities, those in their early 20s and older workers.

Miner also believes there also needs to be a revamp of post-secondary education, where institutions must work together.

He noted high school students sometimes do an extra year to get into a particular university program. And even after university, some graduates can’t find work so they return to do a community college program — meaning it can be as many as six or seven years of schooling, post-high school.

Others at the conference also cautioned that preparing students for the jobs of tomorrow is difficult, especially given that 25 per cent of today’s jobs didn’t exist 30 years ago.

Linda Hasenfratz, chief executive officer of auto parts company Linamar Corp., added that young people are often encouraged to study something they love, with promises they’ll find a job in the end.

“It doesn’t always work out that way,” Hasenfratz said, adding sometimes they discover they studied what they love, but they can’t get a job that gives them the level of income they want.

She believes more training needs to be done in secondary school, where students can be exposed to skills used by carpenters and machinists as a building block for learning.

They might then choose a skilled-trades apprenticeship or community college to become an engineering technologist, or university to become an architect, based on initial exposure to carpentry, she said.

Others also warned that job demands can fluctuate dramatically so governments and educational institutions must react carefully to deal with shortages. For example, teachers were desperately needed, so more teacher training spots were added. But now universities continue to graduate new teachers even though there are few job openings.

CAW economist Jim Stanford added that the top three jobs of the future are truck driver, retail clerk and health care assistant.

“We should be realistic about where the jobs are,” he said, adding if society needs truck drivers, those jobs need to be valued with appropriate wages and working conditions.

“There is a cultural bias against blue-collar occupations against the idealized white-collar occupations,” he added.

Looking for India’s Zuckerberg

Source: The Economist

A pioneer in outsourcing but a laggard in the internet era, can India become a leader in mobile technology?

Information technology has been a mighty force for good in India. Its first tech revolution began 30 years ago, when a few engineers came up with the unlikely idea of doing back-office IT work for far-off Western firms. Today that outsourcing industry is a capitalist marvel. It has annual sales of $100 billion, mostly from abroad, and these export earnings have been vital in a country with a weak balance of payments. Millions of good jobs in India have been created. Young Indians have seen that globalization creates winners. India’s reputation in the world has changed, too: Bangalore’s shining IT campuses have become as famous as the Ganges and the Gandhis.

Yet India has been a comparative failure in terms of innovation over the past decade. You might have expected India’s many advantages (the English language, abundant engineers and a thriving diaspora in Silicon Valley) to pay off spectacularly on the internet. But only a few start-ups have made clever technical innovations that have been sold abroad. And at home e-commerce is in its infancy, with sales only 6% of China’s. Thanks to lousy infrastructure, useless regulation and a famously corrupt telecoms sector, the web is available to only 10% of Indians, many of them squinting at screens in cafés.

India boasts no big internet firms to compare with Chinese giants such as Alibaba, Baidu and Tencent, nor start-up stars like Facebook’s Mark Zuckerberg. Instead, it has seen a succession of false dawns, from its version of the dotcom bubble in 1998-2002 to more recent hype over deal-of-the-day websites and text-based cricket updates. In 2010-11 lots of start-ups raised cash, but they have struggled since. Venture capitalists grumble that their returns have been poor. The original emerging-market tech pioneer has fallen behind in the internet era.

Feeling luckier

Catching up should be a priority for India—not least because its outsourcing champions are now reaching middle age. As the wages of India’s engineers rise, its IT industry cannot rely for ever on doing straightforward work cheaply for foreigners. The good news is that India now has a chance to lead again; the bad news is that this opportunity relies in part on Delhi’s bureaucrats not messing it up.

Optimism springs, first, from a healthy stock of young entrepreneurs (see article). Many have gained valuable experience working in America or for multinational firms. Many are battle-hardened through previous ventures that flopped, from dairy farms to bowling alleys. As in California, failure is no longer frowned upon in India. New firms such as Flipkart and Redbus are adapting Western e-commerce models to deal with India’s rickety logistics and cash-based economy. They are transforming mundane areas such as bus tickets, and opening up scores of smaller cities to modern retailing. Tens of millions of people are benefiting as a result.

The second change is the mobile internet. India’s fixed-line system may be abysmal, but cheap smartphones and fast wireless networks are rapidly spreading. India is poised to leapfrog the era of the personal computer and go straight to the mobile-internet age. Already a quarter of internet traffic is from phones, compared with a seventh worldwide. E-commerce sites are getting a surge in activity from phone-users.

But this budding revolution needs clever regulation. Outsourcing boomed in part because it avoided government: the product was exported through global networks. The mobile internet needs capital, payment systems, and wireless capacity. In all three areas the government is in the way.

The e-commerce industry appears stymied by the same restrictive rules on foreign investment that have bedevilled bricks-and-mortar retailing. Only a fifth of Indians have credit or debit cards—and using them online is a nightmare, again thanks to regulations (India could learn a lot from Africa’s use of mobile money). And India needs more and better wireless networks; some big players such as Mukesh Ambani, India’s richest man, have been tempted in, but the telecoms regime is a tangle of overcomplicated rules and graft.

India has the talent to lead in the mobile internet, as it did in outsourcing. But so long as Indians struggle to get a signal or to make payments, the revolution will be held back.

India-EU FTA to create jobs, boost trade: IEBF

Source: Economic Times via Indian Economic Business News

Implementation of the free-trade agreement between India and EU will help in creating lakhs of jobs besides boosting two-way trade, a London-based non-profit organisation has said. Indo-European Business Forum (IEBF), a non-government organisation involved in promoting trade between the two sides, said that both the regions are facing problems related with unemployment. “When the free trade pact will come into force, it will help in creation of lakhs of jobs both in India and in the European Union (EU) nations,” IEBF’s India Head Sunil Kumar Gupta said. India and the 27-nation EU are negotiating the free trade agreement, officially dubbed as Bilateral Trade and Investment Agreement (BTIA), since June 2007 and are aiming to conclude negotiations soon.”The FTA would certainly help in creating more employment opportunities. The increase of business and growth of economies would result in creation of more jobs and uplift the standard of living in the EU and India,” Gupta added. The BTIA seeks to liberalise trade in goods and services.

Saab’s education initiative to increase employment opportunities

Source: The Hindu Business Line via PwC – EdLive

Saab India announced an employability enhancement and skill development programme for the Indian College Engineering students. Termed the ‘Diploma Employment Enhancement Program (DEEP)’, it is designed to bridge the gap between industry’s requirements and technical education. The first pilot classes in collaboration with the Indian Technical Institutes will start in December. Saab India, the Indian subsidiary of the Swedish-headquartered defence and security company, has initiated a skills training programme at institutes in Gudivada and Kakinada in Andhra Pradesh. The six-month programme is designed to help engineering students learn and hone the right mix of technical and soft skills while they are still in college.

225 B-schools, 52 engineering colleges close in two years

Source: The Times of India via PwC – EdLive

In the early part of the last decade, hundreds of new institutes came up and thousands of aspirants queued up to join them. A decade later, the picture is one of stark contrast in technical professional colleges. Since 2011, 225 B-schools and over 50 engineering colleges across India have closed down. Many more colleges have trimmed programmes, branches of engineering or streams in the management course.

Similarly, the Master of Business Administration programme was once the most sought after. Now, for the first time, the overall growth of MBA education is negative in the books of the AICTE. In 2011-12, 146 new B-schools came up and 124 that were already running closed down. This year so far, 101 management colleges have closed down, while only 82 have started. Similar is the story with the Master of Computer Application (MCA) course—84 colleges stopped offering the programme this year; only 27 started MCA courses. As a result, the AICTE has decided to allow colleges to offer a five-year dual degree programme and also permit graduates of science, BSc (computer science) and BSc (information technology) to jump to the second year of the MCA course. Yet, the small positive growth in the sector is from the engineering colleges where new institutes are coming up faster than closures taking place, largely in Andhra Pradesh, Uttar Pradesh, Maharashtra, Punjab and Rajasthan.

S S Mantha, AICTE Chairman, said, “This is a turning phase for the professional education sector. Colleges in remote India and institutes of poor quality are not getting students. And for colleges, there is just one key to attracting students: institutes need to be top-of-the-line colleges. There is no pay-off in running a bad college.” “The problem is also linked to the slowdown,” said IIM-Ahmedabad Director Samir Barua and added, “The job market has been tight for a couple of years. Earlier, many would give up a job to get an MBA and then re-enter the job market after pumping up their CV. They are hesitant to take such a risk now. The pressure is being felt and applications for MBA are falling. But undergraduate programmes such as engineering will not feel the same tension as everyone wants their first college degree.”

Deloitte hires

Source: CyberMediaNews, Mumbai, March 2011

Indian IT Industry is on a hiring spree. IT Consulting firm Deloitte would be hiring an 2.25 lakh candidates in 2011. With this addition, the total number of employees working in the IT/ITeS sector in India would grow to 22.3 lakh in 2011. As per the predictions for 2011, IT outsourcing industry and business processes will reach US $ 71.7 Billion for 2011, which would account to 5.8% of the country’s GDP.

“This would be the starting point of active participation between telecom service providers and various industries including IT, Media, Banking, Healthcare and Education in reaching and offering services for the empowerment of rural India”, predicts Mr Jolyon Barker, Global Leader Deloitte’s TMT,2011.

Quoting a spokesperson from Deloitte, “The advantage for customers from MNP would be better quality of service, lesser call drops, better infrastructures and an increase in loyalty programs and customer retention marketing techniques. Operators offering 3G services would have an edge with the introduction of MNP as not all operators have won the auctioned 3G spectrum.”

Bharti group exits education business

Source: The Economic Times via PwC – EdLive

The Bharti group has exited the education business, selling group company Centum Learning to Everonn Education. The Bharti Family Office, which manages investments made by the promoters of the group in their personal capacity, will receive a combination of cash and equity shares in Everonn. The Bharti group declined to reveal the deal size or their stake in the combined entity. The deal is part of the Bharti group’s plans to exit non-core businesses. “This transaction is in line with our stated objective of focusing our energies on our core businesses,” Centum Chairman Rakesh Bharti Mittal said. Everonn Education provides end-to-end training programmes and skill development solutions. “With this acquisition, Everonn will expand its reach in the Indian training space by adding corporate training, the flagship product of Centum, as a new vertical,” Everonn Education Director and CEO of GEMS Education India Rakesh Sharma said. “Other business segments of Centum (skill development, employment generation, professional education and training) will seamlessly integrate with the existing verticals of Everonn,”he added.

It’s raining IT Jobs in Tamil Nadu

Source: The Hindu, Monday, December 20 2010

IT companies are on a hiring spree as the demand for young, fresh and bright minds keeps increasing. Although the past few years were sluggish, software giants including TCS, Wipro, CTS and HCL have been on a hiring spree this year. From Oct’09 to Sept’10, there has been large addition of about 27,500 employees at Cognizant Technologies alone and they are soon expected to reach 100,000 headcount mark. Pondicherry University in Tamil Nadu has reached 100% placement in IT field. Even science graduates recruitment in Wipro increases every year by 5‐ 8%, and is expected to spike to 15‐20% in coming years. These fresh graduates are given special training in BITS Pilani through a PG program administered by Wipro Academy of Software Excellence.

Universities referred in this article: SASTRA University, Thanjavur; SRM University, Chennai; VIT University, Vellore; Anna University of Technology‐ Trichy (AUT‐T); Bharathidasan University. Trichy.