Are IT industry jobs loosing its glitter?

I read in newspaper that,
Software companies are finding that a rising number of engineering and management graduates are transferring their affections to vocations such as manufacturing and banking - a shift that could force tech firms to scramble harder than ever before for talented employees.

Is it because of the perceived job security in the core sector and rising salary levels in manufacturing and telecom companies?

Some say, its because IT companies are now visiting college campuses for recruitment only during the eighth semester of the course, giving an opportunity to firms from other sectors to attract the best talent before them.

What do you think may be the reasons for this?


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