712 IIT Bombay Students Yet To Secure Campus Placements, Other IITs Too Are Struggling
In yet another sign of turbulence in the job market, IIT Bombay, one of India's most prestigious technical institutes has become the latest to struggle with campus placements for its outgoing batch.?
36 per cent IIT Bombay students unplaced
According to reports, around 36 per cent of the IIT-Bombay students who had registered for placements are yet to secure jobs. Around 2000 students had registered for placements, this year out of which 712 have failed to attract job offers, with the placement season ending in May.
Not just IIT Bombay
According to Dheeraj Singh, the founder of the Global IIT Alumni Support Group, this is not a problem limited to IIT Bombay.
IIT Delhi, IIT Kanpur and IIT Madras are also facing a similar crisis.
Unplaced rate in other IITs?
According to him, IIT Kanpur has an unplaced record of 31 per cent, with around 500 students failing to find jobs, while 937 of the 1987 students in IIT Delhi have not yet secured jobs. This means that IIT Delhi has an unplaced record of 47 per cent.
Similarly, in IIT Madras, out of the 2323 students registered for placements, only 1583 have found jobs while 740 are yet to be placed. The unplaced rate in IIT Madras is 32 per cent.
Vanishing campus placements?
IITs are not alone when it comes to struggling with campus placements, earlier this year, IIM Lucknow and BITS Pilani had reached out to their respective global alumni networks seeking support to find jobs for their unplaced students.
A recent survey had found that just 7 per cent of Indian institutions were able to attain full placement rates.
According to the annual Unstop Talent Report 2024, fewer students were interested in?working for startups?and most opted for established companies for job security.
The looming fear of layoffs has prompted three out of five (60%) students to prioritise job security over pay hikes, a stark shift in mindset. For most of them, in-hand salary remained the most valuable salary component, followed by perks and benefits.
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