After slow placement season last year, IIT-B takes strategic steps to attract more recruiters this time
After a slow placement season last year, with numbers falling from nearly 83% in 2023 to under 75%, the Indian Institute of Technology Bombay (IIT-B) is taking strategic steps to improve outcomes for its students. This year's placement season is set to kick off in December, and the institute is determined to ensure better job offers for its students.
IIT-B's placement cell is proactively reaching out to a wider range of companies, including top-tier firms, emerging startups, and public sector undertakings (PSUs).?
While specific companies are not being named, there are reports that some PSUs are expected to participate in the placement process this year. This expanded focus aims to increase opportunities for students in both the private and public sectors.
Additionally, IIT-B is targetting a more diverse pool of recruiters, including core engineering companies, consultancy firms, and new-age startups.?
The placement team is keen to meet the varied career interests of students by attracting employers from both traditional industries and modern fields.?
Efforts have been ramped up to secure participation from prestigious firms and ensure a successful placement cycle.
To maintain high standards, the placement cell has set a strict criterion for startups, only accepting those that have been in operation for at least three to four years, offer stable job security, and provide competitive salaries.?
The institute has also introduced a minimum salary threshold of Rs 6 lakh per annum for companies wishing to participate.
In the previous placement cycle, 10 students had received offers with annual packages ranging from Rs 4 lakh to Rs 6 lakh.
Furthermore, IIT-B is leveraging its extensive alumni network to bring in more recruiters and collaborating with international companies to broaden the scope of job opportunities for students.?
The Free Press Journal quoted a source from the placement cell as saying, "The increased numbers till 2023 were seen as a result of the post pandemic boom. For two to three years during the pandemic, the hirings had almost come to a standstill. It was natural that it increased once the companies settled down once the pandemic was over."
This year, nearly 2,400 students have signed up for campus placements, with the total number of applicants rising by more than 50% in recent years, according to faculty members.?
Phase I of the interviews is set to begin on December 1 at top IITs.
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