Engineering graduates in Kochi getting inclined towards banking sector
Banking sector seems to be the latest passion of engineering students from the state. At least half of the students who attend coaching institutes for bank tests in the state are engineering graduates. It is the failure of the engineering sector in the state to provide adequate employment that has pushed students to opt for jobs in the financial sector.
"We have around 2,000 students now. Around 60-70% of them are either B Tech degree holders or from other streams of engineering,'' said Renju Mohan, administrative manager, ICD Institute, Kollam.
Kollam, which is known as the hub of bank test coaching centres, has around 40 such institutes in the district. "There are many students who opt for a career in banking after dropping out from engineering courses. Many of them find it difficult to catch up with the engineering syllabus.
In some colleges, the drop out rate is as high as 90%. But their skills in mathematics come handy for bank tests,'' said M P Sasidharan, director, IES Institute, Kollam. Engineering students account for more than 50% of the 1,000 students at the centre.
Earlier, Kerala high court had expressed concern about the decline in the overall pass rate and quality of education in the engineering streams in the state.