Vikram Limaye of IDFC Named New MD of NSE
Vikram Limaye is set to become the new managing director of NSE. The board of NSE on Friday approved the appointment of Limaye for five years. Limaye, 50, is the MD of IDFC. Earlier this week, the Supreme Court named Limaye as one of the administrators of the Indian cricket board.
But that hasn’t been enough to assuage student concerns.
“Master’s students, especially those who have taken out huge loans to come and study here are very concerned,” said S Mohan, doctoral student at the University of Michigan. While the proposed changes to the visa policy apply to H-1B-dependent companies, the fact that the current regime wants to clamp down on immigration makes this move worrisome too.
The draft executive order to “consider ways to make the process of allocating visas more efficient and ensure that beneficiaries of the programmes are the best and the brightest” is also worrying many who don’t study at top-tier schools.
“Students with below-average profiles will have to worry about getting a job here,” said a 25-yearold student in the first semester at a mid-rung college in New Jersey. He said a senior had applied to as many as 600 companies for jobs. Less than 10% responded.
“Non-STEM students are at greater risk,” said admissions consultant Rajiv Ganjoo, chief executive officer of WhiteGlow Consulting.
He cited the example of a graduate from the University of California’s Paul Merage School of Business. “He has no guarantee of being able to stay back in the US and work. Luckily his employer has promised to send him to Toronto if his visa does not come through,” Ganjoo said.
CONFUSION IN THE AIR
The uncertainty comes just as the fall admission season in the US gathers pace.
“The mood is confusion,” said Sumeet Jain, cofounder of Yocket, a regional community of students planning to pursue higher education abroad. “People who have gone with immigration as the primary purpose are worried. People are keeping an eye on the rules and the activities of the government. No one is travelling outside the US for sure.”
However, those at the top schools aren’t overly worried about their prospects being challenged under the new administration.
“Our candidates at top schools like Harvard, Wharton, Booth shared that while there may be a little stress, it is business as usual until Trump does something which draws a reaction from companies,” said Rajdeep Chimni, founder of Admissions Gateway. Vibha Gawde, whose son is currently pursuing his master’s in information systems technology at the Rochester Institute of Technology, said she’s hopeful he will get a job there.
Even the PhD student cited above said that given the US wants advanced degree holders such as himself to contribute to their economy and create jobs, he plans to apply for a green card under a special category for researchers, which is quota exempt.