Where are the jobs? Business schools struggling to place students - Hindustan Times
close_game
close_game

Where are the jobs? Business schools struggling to place students

Feb 23, 2024 07:48 AM IST

This could be one of the most difficult placement seasons for top business and tech schools.

Birla Institute of Technology & Science, Pilani (BITS) is reportedly asking its alumni network to seek jobs for the 2024 batch amid a hiring slowdown just days after Indian Institute of Management (IIM) Lucknow also reached out to its alumni as it struggles to place 72 of its students.

The BITS Pilani campus is seen.
The BITS Pilani campus is seen.

This could be one of the most difficult placement seasons for top business and tech schools as they have rolled out their placements for months until the last student of the batch is placed while major recruiters skip the campus placement season.

HT launches Crick-it, a one stop destination to catch Cricket, anytime, anywhere. Explore now!

Arya Kumar, dean of Alumni Relations, wrote to the BITS alumni requesting help in hiring amid global uncertainty in businesses.

Read more: Byju's shareholder EGM today; investors to vote on ouster of CEO Raveendran, family

“The global economy has not experienced this kind of slump since decades. The technology sector is radically impacted, with around 4 lakhs employees being laid off globally since January 2022,” he said in the letter as per Moneycontrol.

BITS Pilani's closing placement statistics for the academic year 2022-23 stands at 89.2 percent for Indian campuses but the hiring slowdown has deepened, he said, adding, “Although the placement teams are doing their best, they would be very appreciative of the support from our esteemed alumni to help them tide through the current crisis."

Edtech entrepreneur Ravi Handa shared the screenshot of the message on social media platform X (formerly Twitter) and said, “First IIM Lucknow, now BITS Pilani asking alumni to help out with placements. This is the first time I am seeing such grovelling after 2008."

Discover the complete story of India's general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!
Stay informed on Business News, TCS Q4 Results Live along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, April 18, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On