Earlier, there was a general perception that international job opportunities for the graduates of top Indian engineering colleges and B-Schools were restricted to United Kingdom (UK) and United States (US). However, countries like Singapore, Taiwan, Japan, Malaysia and United Arab Emirates (UAE) have now become the top recruiters. Various organisations and companies in these countries are hiring Indian graduates from top institutes like Indian Institutes of Management (IIMs) and Indian Institutes of Technology (IITs).
One of the officials of Indian Institute of Management, Bangalore revealed that they have seen a shift in the past few years where postings in UK and US have become almost negligible. However, job postings in the Far East, which include Hong Kong and Singapore, have increased. Japan is also one of the top overseas job destinations nowadays. She further added that job postings in the Middle East have also increased considerably.
Experts say that economic distress and protectionist policies in the West might be the reasons behind increasing popularity of Asian countries as job destinations among Indian graduates.
Rohin Kapoor, Director of Deloitte explained that various foreign trade commissions are holding road shows to promote opportunities for Indian students. Flexible immigration norms and better career prospects are the key attractions. This year, various companies from Asian countries recruited graduates from Indian Institutes of Technology (IITs).
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So far, students of Indian Institute of Technology, Madras bagged 15 international offers in the ongoing placement session. Out of them, three offers are from Japan and one each from Singapore and Taiwan.
On the other hand, a total number of 18 international offers have been made at Indian Institute of Technology, Kharagpur out of which three from Japan, two from Malaysia and one each from Taiwan and Singapore. IIT-Kharagpur also witnessed two first-time recruiters from Malaysia.
Now, experts predict that the number of employment opportunities in the Middle East and the Far East will increase in the coming years. They also expect that various companies in the Middle East and the Far East might set up business in India, which is an added advantage.