After Indian Institute of Technology (IIT) Kanpur, now IIT Bombay has announced its first round of the placement drive for 2016-17 academic session that is scheduled to begin from December 1 till December 15. Core placements at IIT Bombay are expected to increase significantly this season, with many Public Sector Units (PSU) and universities/colleges approaching the Institute. In addition to ISRO, Coal India and HPCL which visited IIT Bombay last year, new PSUs include Oil & Natural Gas Corporation (ONGC), BPCL and Bharat Electronics Limited (BEL) among others.
They are expected to hire students across Bachelors, Masters and Doctoral programs. These PSUs are offering competitive packages. Students of the Institute have also have shown an increased interest in taking up core jobs as compared to last year.
As many as 125 PPOs have come so far. Core engineering sector has the highest registrations. The demand for data analytics role is the same as before. Deferral placements are permitted only for start-up and social cases.
Further, both established and upcoming colleges/universities are looking for high-quality hires to fill educational roles and professorships. This would primarily provide a significant boost to placements of over 100 registered PhD students across departments. The number of these universities has doubled to over 20 as compared to 7 last year, resulting in a more diverse set of roles being offered and a larger number of placed students. Overall, higher interest in core roles and more job opportunities will make this placement season far better.
The placement season at IIT Bombay will see a significantly lower participation from startups this year. Taking into account the multiple revoked/altered offers from startups last year, the placement office at IIT Bombay has taken a cautious stance. The focus is on job quality and security. Another reason for poor turnout of startups could be lower funding in the startup ecosystem.
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