IT industry adding fewer employees
The IT industry added only 13,000 employees for year ending March 2014 whereas in the year 2013 it required 26,500 employees, according to data from software industry grouping Nasscom. They are embracing automation and are looking for graduates with more specialised skills. This is a warning sign for graduates looking for a job in the IT industry. Engineering graduates are now facing stagnating wages and fewer jobs as supply far outstrips demand as IT firms pick quality over quantity.
Academia unhappy with Modi's "IIM in every state" plan
The Modi government's plan to set up IITs and IIMs in every state has not gone down well with the academia. Instead of increasing the number of these institutions, improving the quality of the existing infrastructure and facilities and increasing the pay structure of the faculty to retain talent is more important, they say. Currently, nearly every IIT has vacant positions ranging from 19 to 38% of the required faculty strength, and more in some cases. Moreover, the academia has argued that more IIMs would mean diluting the IIM brand and what it stands for.
Ivy League's Brown University to start offering MBA degree
Brown University has decided to offer a Master's degree in Business Administration for the first time. Currently, the university offers an Executive MBA programme in collaboration with Madrid's IE Business School, where students are awarded a degree from the latter. Now, students will receive degree from both universities. With this move, Brown University joins the likes of Harvard, Cornell, Columbia, et al in the Ivy League, whose students receive the prestigious Ivy League degrees. This leaves Princeton as the only Ivy League school not offering an MBA degree.
Flipkart planning to recruit from Harvard, Wharton, Stanford
Indian e-commerce giant Flikart is now gearing up to recruit management talent from the likes of Harvard, Stanford and Wharton's batches of 2015. According to Flipkart, this is part of its plan to acquire management and technology talent from global campuses. Number of recruits and salaries offered are still to be revealed. Last year, Flipkart hired 63 management interns and made a total of 172 offers to the class of 2014 at IITs and B-schools.
Mgmt courses open to non-MHCET candidates: DTE
The Maharashtra Directorate of Technical Education (DTE) has said in a notification that institutes in the state will accept scores from other tests apart from the Maharashtra Common Entrance Test (MH-CET) 2014. Candidates who wrote CAT, GMAT, XAT, MAT, CMAT and ATMA can apply online for admissions, and need to register by 5 pm on Wednesday, May 21, 2014. Click here
to go to the website.