There has been a new trend at the Indian Institute of Technology (IIT) placements this year.
Traditionally, computer science students rule the roost when it comes to being placed among the first and top companies. However, this year, other branches like metallurgy, chemical engineering and bio-medical have also seen a rise in the number of placements in the first few days, thanks to the large number of start-ups and e-commerce companies making it big.
Not many sector specific companies come to recruit on campus, making it difficult for students of these departments to be placed in the first few days. However, this year, almost 50% of the students across the so-called not-so-popular branches have already been placed.
At IIT Bombay, as many as 100 new companies, including e-commerce and start-ups, have registered for placements this year, Mohak Mehta, placement coordinator, said. “With new-age companies breaking away from traditional core engineering and software requirements, students belonging to other branches have benefitted,” said Mehta.
Similarly, a large number of consultancy and financial services firms, like Visa, Boston Consulting Group, Axis, Bridgewater, are proving to be a boon for these students.
On Thursday, Ola Cabs, a start-up born at IIT Bombay, recruited 50 students from the institute, the largest offer made by a single company in years. Several students from civil engineering, bio-medical, and chemical engineering have been recruited. Housing.com, Snapdeal and Flipkart have also made a large number of offers at IIT Bombay.
“The profiles these new companies offer are not often technical, but research based. However, there is a lot to learn and explore in new companies,” said a student placed with Ola Cabs.