Curious Cat Science and Engineering Blog » Enginering Education in India

June 5, 2008

Enginering Education in India

Report recommends steps to improve engineering education in India

The number of engineering doctorates awarded in India each year is about 1,000 which is less than one per cent of the total engineering graduate degrees awarded every year. The international comparison showed that, in most countries, the number of PhD degrees awarded annually range between 5-9 per cent of the engineering graduate degrees awarded. Involvement of industry to sponsor special doctoral fellowships was one of the ways to attract good students to the PhD programme, the report noted.

Majority of engineering graduates not employable: Experts

On the other hand, tier-I and tier-II colleges, namely the IITs, IISc and the NITs produce , less than 1% of engineering graduates, 20% M.Techs and 40% PhD in India

The issue is not the best universities which are excellent. But the huge numbers of graduates are not receiving that type of education.

by curiouscat Tags: Engineering, Universities
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2 Responses to “Enginering Education in India”

siva Says:
September 5th, 2008 at 9:35 pm
I’d like to point out a quote this paragraph
“Money is an important incentive for the students while applying for a job. A chemical engineer prefers a finance job over an industrial job, as the software companies are willing to pay more,” said prof Deepak Pathak of IIT, Bombay. ”

Most of my friends and uncles are now working in the financial sectors, solely for this reason. Do you think this trend is going to continue?
curiouscat Says:
September 5th, 2008 at 10:28 pm
My belief, though I don’t think it is widely shared, is no. I do not believe the huge financial salaries for huge numbers of people will continue. The financial system has been manipulated by those making deals to take far too much of the reward for themselves. That has resulted increasingly exotic financial instruments as they try to continue to take rewards that are in no way justified by the economic benefit they provide.

So instead of providing a service and charging a fair few investment bankers et. al. have designed complex financial arrangement that mainly serve to allow themselves large paychecks. Things like the junk bonds, portfolio insurance schemes, sub prime loans, wall street welfare and on and on are the legacy of these ill fated efforts.

I believe there will continue to be some who can manipulate the system to take gains where little economic value is added. However, I do not believe the scope of those efforts will be large enough to sustain the outsized pay for nearly as many financial engineers as has been the case recently. Fannie Mae, for example, had obscene CEO pay but also lavished huge pay on lots of people. They now find themselves in need of bailouts from the United States government, and they have been laying off many of those high paid financial engineers (which would not mean much but they are just one financial firm, among many, that are laying off highly paid financial experts). But only time will tell if this is an accurate guess.