While data compiled by the Global IIT Alumni Support Group says close to 36 per cent of students at the Indian Institute of Technology (IIT) Bombay have not yet secured jobs this year, the director of the institute, while accepting the challenging environment, raised questions over the process followed by the group.
Speaking to The Indian Express, Prof Subhasis Chaudhuri, Director, IIT Bombay, said, “The data can be interpreted in different ways and the placement process is still on.” Though he did not provide the actual placement numbers as per the institute’s records, he added, “The second phase of placements will continue till June-end and close to 40 companies are yet to visit the campus, so we may end up giving more placements than last year.”
However, Dheeraj Singh, an IIT alumnus and founder of the Global IIT Alumni Support Group that compiled the data, said the concern came to light after he received queries from students stressed over jobs.
Singh, who has been mentoring students, said, “Many are anxious about their future after having no job at hand despite having nearly completed their course.”
Singh added that after attending to students’ worries, he accessed the institute’s information available online from its website, placement reports, convocation details and data shared by the institute with the National Institute Ranking Framework (NIRF). “Calculations based on the number of students graduating and those who are placed, after cancelling those who went for higher education, show that close to 33 per cent students remained unplaced last year and about 36 per cent are yet to be placed this year,” Singh said.
The IIT director too accepted the current challenging environment and said market conditions keep changing depending on various factors. “During Covid placements were less, but the situation changed. It improved subsequently because immediately after pandemic people started hiring. Maybe some people over-hired and then automatically there will be market correction,” said Prof Chaudhuri, adding, “Second phase is going on in full swing.”
According to a placement report shared by the institute in January, a total of 1,340 offers were made resulting in 1,188 students getting placed by the end of the first phase of placement in December.