logo
No jobs in US, UK, Canada for foreign students: Harvard grad warns IITians

No jobs in US, UK, Canada for foreign students: Harvard grad warns IITians

India Today20-05-2025

Studying abroad may no longer be the golden ticket it once was. Rajesh Sawhney, a Gurgaon-based entrepreneur and Harvard Business School alumnus, has cautioned Indian students—especially engineers from IITs—about the shrinking job market in the US, UK, and Canada for international graduates.In a viral post on X (formerly Twitter), Sawhney said, 'There are no jobs in USA, Canada and UK for International students. Honeymoon is over, parents should think twice before spending crores on the expensive education.'advertisementFor years, many Indian students believed that a foreign degree, particularly from the US or UK, would lead to a high-paying job. But according to Sawhney, that shortcut doesn't work anymore.'Engg students especially IITians had an easy hack, do masters in the US and get a $200K starting tech job. This hack works no more,' he added.
Rajesh Sawhney is a well-known name in India's startup ecosystem. He is the founder and CEO of GSF Accelerator, which helps early-stage tech startups with mentorship, funding, and access to global networks.An alumnus of Harvard Business School (Advanced Management Program) and a fellow at the London School of Economics, Rajesh has been involved in building ventures for over two decades.SOCIAL MEDIA REACTSadvertisementSawhney's post sparked a wave of reactions. Many users shared similar concerns. One user said, 'Back in 2017, people were getting $150k offers just months into their course. Now, even those at top firms like Google are scared of layoffs.'Another said they now believe success can be built from India itself, with one comment reading, 'I know folks making $200k from here in India with online certifications. No need to go abroad.'"Sure, the low-hanging fruit is gone. But the opportunity? Still very real. Just not for the average, unprepared candidate banking on a degree alone," noted another commentor. "The game has shifted from degree = job to skills + grit + networking = shot at ROI. It's not broken. It's just no longer easy," they said.TIGHTER VISA RULES, SHRINKING JOB MARKETHis warning comes at a time when immigration policies are tightening. The UK recently reduced its post-study work visa for international graduates from 2 years to 18 months.The US and Canada are also seeing fewer openings for international job seekers and stricter visa approvals.In recent years, numerous Indian students and professionals abroad have taken to social media to share their experiences and caution others about the diminishing job opportunities abroad.A London-based Indian professional recently shared on X that while an IIT degree holds prestige in India, it doesn't carry the same weight internationally. He noted the importance of showcasing one's work and experience over relying solely on academic credentials.Similarly, Janhavi Jain, an Indian woman who pursued her master's in the UK, warned prospective students about the bleak job market. She noted that 90% of her batchmates had to return to India due to the lack of job opportunities, advising others to reconsider investing heavily in foreign education without a clear plan.For many, this shift is a wake-up call -- to think beyond just international degrees and focus on long-term skills and adaptability.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mont Vert signs $500 mn deal to build medical university in Kazakhstan
Mont Vert signs $500 mn deal to build medical university in Kazakhstan

Business Standard

time4 minutes ago

  • Business Standard

Mont Vert signs $500 mn deal to build medical university in Kazakhstan

Pune-based realty group Mont Vert Group has signed a USD 500 million (around Rs 4,300 crore) contract with Kazakhstan's Big B Corp for developing a medical university and a hospital, according to a statement. Mont Vert Group will be responsible for the construction and development activities related to the project, UK-based SRAM & MRAM Group said in the statement. UK-based SRAM & MRAM Group in partnership with Big B Corporation and KAZIND Medical Group of Kazakhstan is developing a private healthcare facility in Kazakhstan. The agreement was made possible through the efforts of Big B Corporation Director Ajay Bhandari and SRAM & MRAM Group Director Mahendra Joshi, the statement said. The group in October last year announced getting approval from the Kazakh government for 243 hectares of land at Astana and 100 hectares at Almaty for Medical University, a multi-specialty Hospital and a 5-star hotel. The medical college will teach 10,000 students and have a multi-specialty hospital with 1,000 beds. "Mont Vert Group represents the highest standards of Indian real estate leadership," said Sailesh Lachu Hiranandani, Chairman, SRAM & MRAM Group. SRAM & MRAM Group, a global conglomerate with interests across fintech, healthcare, AI, agriculture, biotechnology, and more, recently completed 30 years of operations. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Bain Capital-backed CitiusTech exploring acquisitions, to evaluate IPO
Bain Capital-backed CitiusTech exploring acquisitions, to evaluate IPO

Mint

time6 minutes ago

  • Mint

Bain Capital-backed CitiusTech exploring acquisitions, to evaluate IPO

Bain Capital-backed CitiusTech, a healthcare technology services company, is planning to grow through acquisitions and will evaluate an IPO this year, either in the US or India, chief executive officer (CEO) Rajan Kohli told Mint in an interview. 'It is very much in our growth path," Kohli said, referring to the company's plan to list on the exchanges. 'We will evaluate [it] this year if the markets are good," he said, adding that the company will evaluate listing in either India or the US. The firm's primary market is the US, accounting for 95% of its revenues. Its investors are Bain Capital Private Equity and EQT Private Capital Asia (previously Baring Private Equity Asia). Also read: FPI Tracker: Telecom, services, capital goods corner major chunk of inflows; IT, healthcare face heavy selling in May In 2022, Bloomberg reported, citing people in the know, that CitiusTech had filed confidentially for a US IPO. The health tech firm is planning expansions in Europe and Japan, as demand for healthcare technology services increases among medtech, healthcare, and life sciences companies. Kohli said that the firm's specialised focus on healthcare gives it an edge over large Indian IT service companies that cater to various industries. A few other Indian companies are focused solely on healthcare tech services, like IKS Health, which was listed on the exchanges in December 2024 and posted ₹2,664 crore revenue in FY25. Acquisitions drive growth The firm is looking at acquisitions this year to drive growth. 'We didn't make any acquisitions for the last two years because the valuation was not great in the market," Kohli said, adding that this year the company is targeting two acquisitions, provided it finds targets that meet its requirements. CitiusTech is exploring acquisition options which would strengthen its foray into Europe as well as enhance its abilities in the healthcare provider market. Also read: Jainik Power and Cables IPO allotment to be out soon: Here are steps to check status online and GMP The company had previously stated a target of $1 billion in revenue by FY28, which it is still aiming for, Kohli said. 'On an organic basis, we continue to grow as per plan," he said. The company is expecting mid-teens revenue growth in FY26, after high single-digit revenue growth in FY25, Kohli said. While it hasn't yet posted its FY25 results, it clocked revenue of ₹3,536 crore and a profit of ₹350 crore in FY24. GenAI tailwind Kohli sees GenAI as a significant tailwind driving growth, as companies look for cost optimisation solutions. '...today, 25% of our clients give us the opportunity to use GenAI tools. I think in one or two years, 80-100% of our clients will allow GenAI-produced code into their environment," he said. Also read: Aten Papers & Foam IPO Day 1: Check subscription status, GMP, and other details Being a healthcare-focused service provider gives CitiusTech an edge as well, according to Kohli. 'It is a huge advantage being just focused on healthcare because a lot of our clients buy us because of our specialised capabilities. All our investment, all our R&D, all our training goes into healthcare only," he said.

Ratnaafin's Debut Campaign ‘Ratnaafin Hai Toh Possible Hai' Launched to Empower MSME Entrepreneurs in India
Ratnaafin's Debut Campaign ‘Ratnaafin Hai Toh Possible Hai' Launched to Empower MSME Entrepreneurs in India

Fashion Value Chain

time9 minutes ago

  • Fashion Value Chain

Ratnaafin's Debut Campaign ‘Ratnaafin Hai Toh Possible Hai' Launched to Empower MSME Entrepreneurs in India

Ratnaafin, an NBFC focused on empowering MSMEs and small business owners with customised financial solutions to make their dreams accessible, announces the launch of its new film, celebrating entrepreneurs. Ratnaafin has consistently bridged the credit gap by offering business loans, solar loans, supply chain finance, machinery loans, and more-helping enterprises scale, innovate, and thrive in the Indian business community. From business loans to solar financing, working capital to micro loans against property, Ratnaafin offers tailored products for real business needs and has served over 25,000+ customers across 35 branches in India. Saatchi & Saatchi is the creative partner and ideator behind the campaign's concept and execution, capturing the grit that defines an Indian entrepreneur's journey through this film. Watch the film – The TVC follows the lives of four small business owners across industries-a printing press operator expanding production, a Kirana shopkeeper upgrading his retail operations, a home-based achaar brand reaching wider markets, and a boutique owner growing her brand. As we follow their stories, struggles, and successes, we witness the sheer perseverance that defines the Indian entrepreneur. The campaign gives us a glimpse into the importance of choosing the right financial partner to guarantee the success of an MSME. Whether its upgrading a Kirana store, expanding a home-based achaar business, or elevating a boutique's brand presence, the right partner makes all the difference. Entrepreneurial success in a dynamic and competitive landscape relies as much on funding as it does on human resilience and grit. Malav Desai, Managing Director & CEO, Ratnaafin, said, 'This campaign reflects our core belief – that with the right partner, even the boldest dreams are achievable. 'Ratnaafin Hai Toh Possible Hai' goes beyond transactional finance to celebrate the spirit of India's business owners. At its core, this is about trust, support, and enabling the backbone of our economy – our MSMEs.' Sunay Jain, Head – Marketing and Digital Business at Ratnaafin, proudly added, 'Businesses are more than balance sheets. At Ratnaafin, we look deeper-into the midnight oil burned, the risks taken, and the perseverance that MSME owners show every single day. While others may look at paperwork, we see passion. We believe your work speaks louder than your name. That's the kind of business we back. Because when your kaam is strong, your name builds itself.' Ratnaafin is proud to be recognised as a CRISIL A+ rated, stable, and trusted NBFC with a strong foundation in financial discipline. Entrepreneurial resilience is the centrepiece of this campaign, reinforced by Ratnaafin's unwavering support-not just as a lender, but as a true partner. Running across digital platforms, social media, and regional television channels, the campaign showcases how every step, every challenge, and every decision is taken together-with confidence, courage, and cooperation. This campaign, as Ratnaafin's first foray into nationwide brand-building, marks a crucial milestone, with a poignant storyline that goes beyond numbers and touches hearts. It shows that business is more than balance sheets-it's about showing up every day, being relentless in the face of hardship, and doing whatever it takes to make your dreams possible. That is what Indian entrepreneurs are made of, and that is what Ratnaafin acknowledges. Rohit Malkani, CCO, Saatchi & Saatchi, said, 'Jo pai pai se shuru kiya, wo business badhta jayega' reflects the heart of the film. It's a message from one business owner to another. It's not about struggle or success. It's about belief. Belief that if you keep building and showing up every day, what starts small will grow. That's the feeling we wanted to leave people with.' About Ratnaafin Ratnaafin is an RBI-registered NBFC dedicated to empowering MSMEs, business owners, and entrepreneurs with accessible and customised financial solutions. The company has consistently bridged the credit gap by offering business loans, solar loans, supply chain finance, machinery loans, and more-helping enterprises scale, innovate, and thrive. Its deep understanding of India's evolving business landscape makes Ratnaafin the perfect partner in an entrepreneur's financial journey. A seamless digital interface, speedy approvals, and need-based products tailored to each client are just a few tools in its arsenal. With a strong commitment to fuelling the entrepreneurial fire of India, Ratnaafin uses its expertise and integrity to turn possibility into success. About Saatchi & Saatchi India Saatchi & Saatchi India, part of the Publicis Groupe India, is a full-service communications agency specializing in traditional and digital advertising, branding, design, UI/UX, content and brand consultancy. Saatchi & Saatchi offers its suite of services across clients like Hero MotoCorp, Renault, NIVEA, Standard Chartered Bank, ITC, Dabur, Akasa Air, Jockey, P&G, Zee, Zepto, ITC, Relaxo and many more. Core to the agency's DNA is a culture of ownership and the belief that 'Our Clients Business is Our Business' which keeps clients' business goals at the heart of everything. The agency has over 350 employees across its offices in Mumbai, Delhi, Kolkata, and Bengaluru.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store