Gone are the days when international openings for graduates of Indian B-schools and engineering colleges were restricted to the US and the UK. Malaysia, Japan, Taiwan, Singapore, and the United Arab Emirates (UAE) are among the countries hiring graduates from top Indian colleges, including the premier Indian Institutes of Management (IIMs) and Indian Institutes of Technology (IITs).
Over the past five years, we have seen a definite shift. Postings in the US and the UK have become almost negligible, said Sapna Agarwal, head, career development services, IIM Bangalore. Postings in the Far East, including Singapore and Hong Kong, have increased. Japan is a new destination. The Middle East has been added as an overseas job destination.
Protectionist policies and economic distress in the West are among the reasons behind the spurt in popularity of Asian countries as job destinations among Indian graduates.
A vibrant culture, shortage of skilled workforce, proximity to home, better career prospects and flexible immigration norms are the key attractions. A number of foreign trade commissions are conducting road shows to promote opportunities for Indian students and professional in their respective countries, said Rohin Kapoor, director, Deloitte.
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