First phase of IIT-Bombay placement to hire 1,000 | india | Hindustan Times
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First phase of IIT-Bombay placement to hire 1,000

india Updated: Dec 16, 2014 22:30 IST
Omkar Gokhale
IIT Bombay

As the first phase of placements at the Indian Institute of Technology-Bombay (IIT-B) is about to end, placement managers expect a 10% rise in the total number of students getting hired as compared to last year.

The total number of students who got placements is likely to touch 1,000.

Around 1,600 students graduating from various academic programmes have registered for placements this year.

Till Tuesday, 950 students got placements -- last year’s number in the first phase was 898.

Around 700 students were hired at the end of the first week of placements which was December 1.

“With an upbeat first week of placements, a record 1,000 students are likely to get placements in the first phase. Also, there will be an increase in average salaries offered -- it is likely to touch Rs10 lakh per annum. Last year’s average salary offered was Rs 8.3 lakh,” said Mohak Mehta, placement manager, IIT-B.

Last week, most multinational companies hired in two digits. Also, start-ups such as Olacabs, hired around 50 students and Flipkart picked 20 students from the campus.

Mehta said: “This week, though the process has slowed down, we still have some start-ups and core companies left.”

Avijit Chatterjee, professor in charge, IIT-B, said that sometimes those not placed at the end of the first week are dejected. “We are trying to address this by calling our alumni to counsel students and encourage them,” said Chatterjee.

Good start
Though the first phase placement season at IIT-B officially ends on December 23, placement managers said it would wind up by December 18. The second phase will be from January to June 2015.

Mohak Mehta, placement manager, IIT-B, said, “According to our estimates, around 400 students out of 1,600 will opt for higher studies or may have plans to set up their own enterprise or join a family business and thus may not actively participate in the programme.”