Army Instt of Technology feels post-recession heat
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Of this year's batch of 240 students, only 75 per cent got placed during the campus recruitment. In 2009, the placement was 87 per cent.
Students from all four disciplines of engineering—mechanical, electronics and telecommunication, information technology and computer engineering—participated in the on-campus recruitment.
While 75 per cent of students have received offer letters and will be joining work in next two months, 25 per cent have been shortlisted for jobs and are expected to get the offer letters soon.
Not only has the percentage of placements dropped, even the highest pay packet offered has also shown a decline — from Rs 8.5 lakh in 2009 to Rs 7 lakh this year.
"There has been a slight drop in placements which is a post-recession effect," said Director of the AIT, Brig (retd), S K Lahiri. He said the pay packet has dropped as the recruitment began in December even when the impact of recession was not over.
"The previous record of on-campus recruitment had been excellent and better than any other institute. We have the track record of 99 per cent placements, in 2007," said Lahiri.
Observing that some of the students of the AIT were working abroad, he said the percentage of students starting their own IT business was a good 5-6 per cent. "However, to achieve the target of 2007, the AIT plans to approach smaller companies other than the 30 listed for campus recruitment. We want our students to get placed in the level 3 jobs only," said Lahiri.
Principal of AIT Dr V P Gosavi, however, said, the previous recruitment record was inspiring.
"We have a large chunk of students coming from rural backgrounds. We try to groom them by making them participate in different kinds of cultural activities. The average pay package per annum is Rs 3.3 lakh. The placement percentage was good as we don't offer any kind of reservation to students," he said.