Placement Trends Changing Drastically at IITs
To ensure better placement opportunities for students, IITs are now motivating students to go for jobs in core companies and public sector undertakings (PSUs).
Not very long ago, 31 startups were blacklisted by IITs which will not be allowed to recruit students from the premier institutes of the country in 2016. All other start-ups are being closely evaluated as the placement season has just begun.
To ensure better placement opportunities for students, IITs are now motivating students to go for jobs in core companies and public sector undertakings (PSUs).
Placement Chairperson of IIT-Guwahati, K Mohanty said that they are positive that PSUs will start hiring early this year. With their long established reputation, students are eager to work in such organizations especially in the oil and gas and heavy machinery sectors.
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The IITs are clear about their agenda and want all the startups to know that if they are not serious about recruiting then they will not be allowed to hire students from the campuses.
With the beginning of placements at the Indian Institute of Technology Bombay (IIT-B), a lot of trends set in 2015 have been changed in 2016. The recruitments done in the engineering and technology sector were rising since 2012-13, but the number is reducing this year.
Analytical firms have also reduced their intake of students in 2016. However, IT and software companies, that offered fewer jobs in the past few years have increased their job offers this year.
Have a look at the placement trends at IIT-B in various sectors:
Engineering and Technology:
Session | No. of Companies | Jobs Offered |
2015-2016 | 90 | 371 |
2014-2015 | 88 | 381 |
Engineering and technology companies remain the largest recruiter of the institute.
Information Technology:
Session | No. of Companies | Jobs Offered |
2015-2016 | 75 | 270 |
2014-2015 | 50 | 199 |
2012-2013 | 82 | 281 |
Big IT services companies like Infosys and TCS are looking colleges other than IITs from where they can hire students, say experts. The reason is the bad retention rate of IIT graduates as most of them quit their jobs after an year or so, to pursue post graduation.
Analytical Firms:
Session | No. of Companies | Jobs Offered |
2015-2016 | 38 | 91 |
2014-2015 | 47 | 155 |
2011-2012 | 27 | 94 |
Stating the reason for the decline in analytical jobs this year, Kamal Karanth, MD, Kelly Services India, said that slowdown of the financial services market is to blame and that this is a temporary phase. He also expected that the market will pick up next year.
Other Sectors that participated in 2016 recruitment drive:
Sector | No. of Companies | Jobs Offered |
Financial Companies | 23 | 113 |
Consulting Firms | 27 | 105 |
No separate category was allotted to e-commerce firms. According to experts, students are going with the flow and salary packages and career prospects are overridden by the opportunity to work in a core company.
With almost no growth in the manufacturing sector, jobs are less likely to follow. To increase the jobs, the investment in power plants and renewable energy must be amplified.
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The final placement process will begin on December 1, 2016, prior to which a meeting will be conducted by the IITs close to October or November. The meeting will be held to take further steps in order to enhance placements.