The worldwide financial slowdown has considerably impacted entry-level job alternatives, college students, schooling consultants, and Indian-American professionals within the US have mentioned. In line with an ET report, in addition they claimed that the scenario has been exacerbated by the tendency of many corporations to rent native college students throughout an election yr.
Moreover, Indian college students graduating from US universities this yr are dealing with extra challenges, comparable to excessive inflation charges, rising dwelling prices, native unemployment, and sponsorship points.
Indian College students Dealing with Competitors
“There have been about 400 undergrad college students within the last yr within the East Coast and West Coast, together with in Ivy League colleges, whom I counselled through the years, who haven’t acquired any internship presents this summer time,” mentioned Adarsh Khandelwal, co-founder of the schooling consulting firm Collegify.
The Ivy League, a bunch of eight personal universities positioned within the northeastern United States, together with prestigious establishments comparable to Harvard College, Yale College, and the College of Pennsylvania, is famend for its tutorial excellence and social status.
In line with Khandelwal, “Indians, even in high US faculties comparable to NYU Stern, UC Berkeley, Brown College, College of Pennsylvania and College of Texas at Austin, are struggling. A variety of these youngsters have reached out to us in search of assist to get positioned in India.”
Khandelwal cited an instance of a 22-year-old Harvard College scholar in his last yr, majoring in economics and psychology, who has been unsuccessful in securing a summer time internship regardless of making use of to quite a few corporations over the previous six months.
The present job market has confirmed difficult even for college students within the science, know-how, engineering, and arithmetic (STEM) fields, who had been extremely wanted earlier than the Covid-19 pandemic. Know-how, consulting, and new-age corporations are actually both shedding workers or implementing hiring freezes.
Khandelwal said, “There are hardly any jobs for vanilla coding expertise, until there is a component of AI (synthetic intelligence) or rising know-how in it.”
An Indian American worker at a number one consulting agency, who wished to stay nameless, revealed, “My agency prefers to rent Individuals over Indians.”
This case persists regardless of American faculties persevering with to draw overseas college students, together with these from India, with the variety of Indian college students pursuing larger schooling in the US reaching an all-time excessive.
