Tired of complaining about the employability of graduates in the country, individual information technology-information technology-enabled services (IT-ITeS) firms are now tying up with educational institutes to be able to hire more employable graduates.
In the bargain, there will be not only faculty development and creation of desired curriculum, but also real-time work experience for students, all at campus level.
“It is paramount for the industry to work closely with educational institutions to integrate market evolution with business curriculum,” said Mohit Thukral, senior vice-president and business leader, banking, financial services and insurance, Genpact. The company yesterday signed an agreement with the Indian Institute of Management, Udaipur (IIM-U), one of the new IIMs, to create a “knowledge partnership”.
Under the seven-year agreement, IIM-U and Genpact will jointly develop a centre for asset-based lending and finance and an analytics laboratory which will give students the opportunity to solve real-time problems, work on proprietary and industry software tools and technology, as well as get hands-on industry experience.
Genpact will offer summer internships to full-time students and set up a merit-based scholarship.
Students, who earn the post graduate diploma in management will be eligible for full-time employment at Genpact, in its banking, analytics and finance businesses.
HCL Technologies is yet another firm which is working with educational institutes for being able to train students at the graduate level and give them basic skills. HCL Technologies, last year, entered into a unique tie-up with the Madras University.