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Sunday, August 30, 2009
Friday, July 25, 2008
Things are Happening!!!!
Bangalore: The 'brain drain' seems to be reversing for India. According to placement figures at the Indian Institute of Management (IIM), Bangalore, 75 percent of this year's graduates opted for jobs in India, writes Shoba Narayan, who returned to India after living in the U.S. for 20 years.Unlike in the past when people queued in front of American consulate for days to get a U.S. visa, they prefer home to any other country today. Sourav Mukherji, placement director at the IIM-Bangalore, sees his students being more discerning about the jobs they take. "Going abroad is viewed as a choice, not a given," he says. Out of the 256 students in IIM Bangalore's graduating class, only 65 opted for international locations; 75 percent of the class opted for jobs in India, and four students opted out of the placement process altogether to pursue entrepreneurial dreams. Finance and banking followed by consulting are the most sought after careers, with 40 percent of the students opting for jobs in finance and 37 percent in consulting.
At IIM Ahmedabad, many students turned down jobs in prominent companies abroad to stay and work in India, according to Piyush Kumar Sinha, chairperson of placement at the Institute. The major reason is India's emergence as a 'hot' global economy. Most of the students view studying and working abroad with a nonchalance.The article goes on to say that more women (roughly 50 percent of the IIM-B class) choose foreign postings mostly because they gravitate towards finance. Nidhi Gupta, a graduate from IIT Bombay, plans to work at HSBC in London, where she has accepted a job offer in the capital markets side for a few years. She thinks that she will learn a lot from the exposure. "But eventually, I want to come back to India and start something on my own."And as those students, who leave for any foreign country, say that they will come back in a few years, the so-called 'brain drain' is slowly turning into a brain-gain, says the article published on Knowledge@Wharton.Thousands of Asian entrepreneurs have proved in the recent past that there is money to be made in China, India, Taiwan and Korea. So if the money is your goal, says the article, you don't have to go abroad for that. The slowdown of the U.S. economy bolsters this argument somewhat.
Reader’s comments
Comment 1: It is particularly heart warming to see such news. Its high time the US and the rest of the world realized that India is no longer just a mystical land of snake charmers and sacred cows. The youth do us proud! I have met many young professionals from India in the US and they are well received and the general perception is that Indians are a smart lot.However, what pains me is the perception of the Indians who left India a long time ago from villages and small towns and settled else where in the world and maybe later trickled into the US or Uk. They are so primitive in their thoughts about India and life there. In fact at a particular wedding in London, the Indian priest (who incidentally had a cockney accent and read the sanskrit shloks from a book where I could see them written in English!), joked with the groom and said, "Don't worry about taking your shoes off, you come from India originally, where people walk bare foot on the roads!" I had no words to explain his ignorance. They neither belong here nor there, are confused to say the least and in trying to adapt and blend in to the local culture, have made such a mish-mash of their own that I can only pity them.No wonder their children say things like," Mereko Hungry lagi hai", and "Mein guitar khelta hun".I am a proud Indian and choose to be so no matter where I live. I don't change my accent to blend with the 'it' crowd. I speak well and its the way I was taught to in India. Way to go young India!
Posted by : Poonam Bhogal - Friday, July 25, 2008
Comment 2: I am very happy to see that this article / statistics is being made public but not surprised with this trend.I would appreicate publishing similar statistics (jobs from premier institutes, returning professions from North America, returning professional after studies) on regular basis.
ThanksPosted by : Amulya Gurtu - Friday, July 25, 2008
Comment 3: I am not surprised with the stats. Having lived in the US for the past 23 years I can vouch that the current scenario in the US is far from desirable. There is no real advantage coming here. When I came in the '80s there weren't as many high paying jobs (atleast that was the perception) and the US was seen as mecca for pursuing one's dreams. No more! With the US economy in dire straits and oil prices hitting record highs there is quite a bit of stomach-churning uncertainty. For us baby-boomers Social Security is a big question mark. Taken together along with the fact that South Asia's economy is in full throttle it is no wonder that the young Indians today seem to prefer home to anywhere else. It bodes well for India that her sons and daughters are rooting for her more than ever before. Kudos!Posted by : Krishnan Gopal - Friday, July 25, 2008
At IIM Ahmedabad, many students turned down jobs in prominent companies abroad to stay and work in India, according to Piyush Kumar Sinha, chairperson of placement at the Institute. The major reason is India's emergence as a 'hot' global economy. Most of the students view studying and working abroad with a nonchalance.The article goes on to say that more women (roughly 50 percent of the IIM-B class) choose foreign postings mostly because they gravitate towards finance. Nidhi Gupta, a graduate from IIT Bombay, plans to work at HSBC in London, where she has accepted a job offer in the capital markets side for a few years. She thinks that she will learn a lot from the exposure. "But eventually, I want to come back to India and start something on my own."And as those students, who leave for any foreign country, say that they will come back in a few years, the so-called 'brain drain' is slowly turning into a brain-gain, says the article published on Knowledge@Wharton.Thousands of Asian entrepreneurs have proved in the recent past that there is money to be made in China, India, Taiwan and Korea. So if the money is your goal, says the article, you don't have to go abroad for that. The slowdown of the U.S. economy bolsters this argument somewhat.
Reader’s comments
Comment 1: It is particularly heart warming to see such news. Its high time the US and the rest of the world realized that India is no longer just a mystical land of snake charmers and sacred cows. The youth do us proud! I have met many young professionals from India in the US and they are well received and the general perception is that Indians are a smart lot.However, what pains me is the perception of the Indians who left India a long time ago from villages and small towns and settled else where in the world and maybe later trickled into the US or Uk. They are so primitive in their thoughts about India and life there. In fact at a particular wedding in London, the Indian priest (who incidentally had a cockney accent and read the sanskrit shloks from a book where I could see them written in English!), joked with the groom and said, "Don't worry about taking your shoes off, you come from India originally, where people walk bare foot on the roads!" I had no words to explain his ignorance. They neither belong here nor there, are confused to say the least and in trying to adapt and blend in to the local culture, have made such a mish-mash of their own that I can only pity them.No wonder their children say things like," Mereko Hungry lagi hai", and "Mein guitar khelta hun".I am a proud Indian and choose to be so no matter where I live. I don't change my accent to blend with the 'it' crowd. I speak well and its the way I was taught to in India. Way to go young India!
Posted by : Poonam Bhogal - Friday, July 25, 2008
Comment 2: I am very happy to see that this article / statistics is being made public but not surprised with this trend.I would appreicate publishing similar statistics (jobs from premier institutes, returning professions from North America, returning professional after studies) on regular basis.
ThanksPosted by : Amulya Gurtu - Friday, July 25, 2008
Comment 3: I am not surprised with the stats. Having lived in the US for the past 23 years I can vouch that the current scenario in the US is far from desirable. There is no real advantage coming here. When I came in the '80s there weren't as many high paying jobs (atleast that was the perception) and the US was seen as mecca for pursuing one's dreams. No more! With the US economy in dire straits and oil prices hitting record highs there is quite a bit of stomach-churning uncertainty. For us baby-boomers Social Security is a big question mark. Taken together along with the fact that South Asia's economy is in full throttle it is no wonder that the young Indians today seem to prefer home to anywhere else. It bodes well for India that her sons and daughters are rooting for her more than ever before. Kudos!Posted by : Krishnan Gopal - Friday, July 25, 2008
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