Satyam effect! Engineering grads ignoring IT

Satyam effect! Engineering grads ignoring IT

The Satyam scandal had a worse effect on aspirants,as they are not shunning jobs from the IT sector.

The Satyam scandal,which has shattered the dreams of the company’s employees,has a worse effect on aspirants from Punjab and Haryana,as they are not only keeping the Hyderabad-based firm out of their options,some of them are also shunning jobs in the IT sector as well.

Engineering students from the two states who were placed with Satyam Computer last year have now changed their minds and are aggressively looking for jobs in other IT firms as well as companies in other sectors following the disclosure of the biggest-ever corporate fraud by the company.

“I was offered a job as trainee employee at Satyam last year. But after the fiasco has happened at Satyam,I have changed my mind to get suitable job in other firm,” said Divyadeep Goyal,a student Mechanical Engineering student of University Institute of Engineering and Technology (UEIT),who was offered an annual package of Rs 3.25 lakh in Satyam.

Echoing similar views,Sumant,another final-year student of the same college,said,”The impact of Satyam fraud has been so damaging that we now do not have any intention to join the IT company. Rather we will look for job in other sectors.”


The total number of engineering students placed by Satyam from this region was not available but some colleges have shared their placement figures.

Almost 80 students from the Institute of Engineering and Technology were selected by Satyam last year,while 13 students were placed from Punjab Engineering College (PEC) and seven were from UIET. Students were offered an annual package between Rs 3 lakh and 3.5 lakh.

According to placement officers of various colleges,engineering students are now looking at the core sector,comprising manufacturing and telecom sectors.

“This time we are witnessing a change in trend of students’ preference towards job placements. They are now finding the core sector an appropriate one as far as employment is concerned,” PEC Chief Placement Officer Saurabh Dhiman said.

But there are some job seekers who have kept Satyam as last option for employment. “I intend to move into the core sector. But if I do not get job in any other sector then my last option will be to join Satyam as I am hearing from my friends that situation there will improve,” said Harshal,a mechanical engineering student at PEC,who was offered a Rs 3.5-lakh package by Satyam.