Finance, consulting firm jobs make up for the loss in IT sector placements

This placement season, non-IT firms are filling in the gap resulting from a dip in offers in engineering campuses from the traditional number one recruiter among sectors. Among the busiest headhunters now are finance, consulting and core engineering as information technology takes a back seat and is wary of a looming recession.

At Visvesvaraya National Institute of Technology (VNIT), IT has been overtaken by the likes of finance and consulting.

“Although none of the job offers have been revoked, IT sector participation has fallen from the lead spot of almost one-third offers to 15-20 per cent. On the other hand, finance and consulting firms are now leading the way so far.