[2013-2015] SCIT Aspirants Queries and Discussions

Hi ,
Please consult few more banks...there are banks like credilla that offer higher loan amounts without collateral...
Please convince the banks regarding this issue..It is very difficult for the college to step in...

@roymisgbs said:
I hqve been selected for the admission to SCIT. But if I have to get education loan more than Rs. 4 lakh from any of the bank, they have some conditions regarding minimum income of my father and also they need some property security. My father's monthly income is just Rs. 6000 a month and we dont have over own property that has valueation that matches to bank requirements. So I am not able to get any loan, not even from Syndicate bank. We are trying hard to get it by other ways too but nothing seems to be working out. Can you please guide me what other ways I can get the loan? Can institute or university provides me a loan for study to SCIT?
Hi ,
Please consult few more banks...there are banks like credilla that offer higher loan amounts without collateral...
Please convince the banks regarding this issue..It is very difficult for the college to step in...

@SreeSharan.s said:
Hi ,Please consult few more banks...there are banks like credilla that offer higher loan amounts without collateral...Please convince the banks regarding this issue..It is very difficult for the college to step in...
Hi ,
Please consult few more banks...there are banks like credilla that offer higher loan amounts without collateral...
Please convince the banks regarding this issue..It is very difficult for the college to step in...

seniors what was last year converting waiting list rank...

i've 139 in waiting(don't give optimistic answer)
Hi ,
Please consult few more banks...there are banks like credilla that offer higher loan amounts without collateral...
Please convince the banks regarding this issue..It is very difficult for the college to step in...

@abhinavamcec , @Parthshah1408
Hi,
One cannot predict the wait-list movement. As it all depends on how many shortlisted candidates confirm their admission by paying fees and how many opt out.
But just not to be diplomatic, I can give you a rough estimate of the waitlist movement in 2012 which was around 90 to 110 till the final list from the 2nd list. In 2011, the waitlist clearance was till 170 Rank. So by the last two year's trend, the number of selected candidates opting out has decreased.

There will be movement in the waitlist even in June but by what numbers is not predictable at all. It totally depends on the students who have paid fee opting out of admission.
Hope this helps you. All the Best!
Hi ,
Please consult few more banks...there are banks like credilla that offer higher loan amounts without collateral...
Please convince the banks regarding this issue..It is very difficult for the college to step in...

Don't wanna disappoint others but looking at current market trend

--A mere 20k-30k increase in the avg placmnt figurefor laterals at SCIT(as per the interim report....which will surely take a dip once all the guys with work ex are included in the final report)

----The no of companies visiting the campus till date is 28( 38 last year...I agree the placmnt is still not over but whether the college officials are hopeful to cross 38 mark when hardly couple of months are more for placement season to end)

--IT industry looking gloomy as per the current market trend with both Europe and US (major client/IT destination)have still not overcome the recession completely.

--IT companies concentrating on lay offs and cost cutting(INFY major recruiter at SCIT fired 5k employees recently,the scene is no good for other recruiters too)

--It will be really difficult to fetch a good ROI from IT,two years down the line seeing the current market scenario

Making a career in IT by doing a MBA in IT from any college at this point of time will not be a wise idea.

***No offense meant at SCIT or to any of its seniors but the above is hard core fact and no one can deny the same.

Seniors, we need a new thread now for selected candidates.

any1 plzz xplain me the REFUND policy of SCIT on cancellation ... i get bit confused while reading the policy


any1 plzz xplain me the REFUND policy of SCIT on cancellation ... i get bit confused while reading the policy
@NeilR said:
any1 plzz xplain me the REFUND policy of SCIT on cancellation ... i get bit confused while reading the policy
Hi,
If you cancel the admission before the commencement of college then rs 1000 would be deducted along with the pre induction fee..
@srikanthm1987 pre induction fee is 35000... im rite
@NeilR said:
@srikanthm1987 pre induction fee is 35000... im rite
yes...
i dont wanna loose 36k

How many students are in First merit list..?
Is it more than 180.??

@IChawla 180 are in first merit list and after that waiting list starts from 1..
@srikanthm1987 : Hi! can you tell me what is the config of the laptop that is to be used for the course??? urgent please i have someone coming from Dubai! thought of asking him to buy one for me to save a few bucks! please help! very very very urgent!
@srikanthm1987 even Credila is not providing loan coz my father having low income..
@waitison

--IT industry looking gloomy as per the current market trend with both Europe and US (major client/IT destination)have still not overcome the recession completely.

--IT companies concentrating on lay offs and cost cutting(INFY major recruiter at SCIT fired 5k employees recently,the scene is no good for other recruiters too)


Cost cutting( Read Employee layoffs)is a discouraging but a very essential aspect of any company.
Yes it is true that employees are being let go. But it is also important to understand WHICH employees are being let go ! Your argument holds good only for B.Tech's and other graduates who pass out and go for an IT job.

A company "X" coming to SCIT might be taking in 5 students all for some particular management profile. Companies generally don't "let go" of these people for the simple reason you are higher up in the so called "hierarchy".

This lay off trend is not attributed to IT only


Making a career in IT by doing a MBA in IT from any college at this point of time will not be a wise idea.


http://www.hindustantimes.com/News-Feed/BusinessBankingInsurance/RBS-begins-India-shut-down-with-partial-lay-off/Article1-1016803.aspx

http://www.alt-market.com/msm/1359-goldman-sachs-to-lay-off-more-employees

These are a couple of examples of banks laying off employees. That doesn't mean MBA in Finance is not a good option.

--It will be really difficult to fetch a good ROI from IT,two years down the line seeing the current market scenario.

ROI depends on placement package. Placement package depends on you. Impressing the interviewer. Sound domain knowledge. Your academics and a whole lot more. And do keep in mind that considering we are a very niche B -School ( its IT MBA )and yet we remain in the top 50 colleges in the country every year that is not just fluke.

--IT industry looking gloomy as per the current market trend with both Europe and US (major client/IT destination)have still not overcome the recession completely.

http://articles.economictimes.indiatimes.com/2013-02-12/news/37058953_1_bpo-sector-sector-exports-growth-expectations

Growth = Expansion
Expansion = More jobs
Growth + Job Vacancies + Expansion = Greater Package

Also keep in mind that 80% of all the business in India ( Be it BANKS, FMCG companies, Manufacturing, Production ) are IT Enabled. Every business has a IT support. But Yes ! The market is although a little bullish at this time it is poised to grow.

PS : Gone are the days when only Infy TCS HCL and Wipro are the only recruiters. MSE's and Startups are offering more package than even the seasoned companies.

Just giving you a bigger perspective of things.

Arjun Shankar
2012-2014 Batch
SCIT