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IIT-Bombay placements: Fewer job offers in second phase

A total of 11 companies have visited the campus since the last three weeks, out of which nine have offered jobs to 33 students, while two others have not made a single job offer...

mumbai Updated: Feb 16, 2017 22:07 IST
Shreya Bhandary
IIT-B

Indian Institute of Technology Bombay (IIT-B) at Powai. (HT file )

The second phase of placements at the Indian Institute of Technology Bombay (IIT-B) is underway, but seems to be going at a slow pace. A total of 11 companies have visited the campus in the last three weeks, of which nine have offered jobs to 33 students. Two of them have not hired anyone.

Like every year, the second round of placements will go on till July .

“We have confirmation from another 20 companies, especially from core sectors like the chemical industry. We are also approaching other PSUs to see if they are up for interviews for the second phase,” said an official from the IIT-B placement team.

These companies are offering jobs in a variety of fields, including software, digital solutions and technology services, automotive industry, financial consultancy as well as public sector undertakings (PSUs). Companies like Indian Oil Corporation Limited (IOCL) and Hindustan Petroleum Corporation Limited (HPCL) have offered five jobs each in the second phase as of now, and students are hoping to see more PSUs show up on campus with job offers. “PSUs are also offering very good packages to students, so many are keen on joining,” said a student who did not wish to be named.

Last year, PSUs had re-entered IIT placements, after the Madras high court ordered a stay on them hiring from private institutes. While they were missing from the first phase of placements in December 2015, the second phase saw three companies, including Coal India and HPCL, offering over 20 jobs to students with base salaries of Rs10 lakh to Rs12 lakh per annum.

“Placements in the second phase at IITs across the country takes place at a slow pace and this year is no different. While the number of companies confirming their presence is less as of now, we are expecting it to rise by March,” said a senior professor from IIT-B.

Last year, the second phase that started in February, went all the way to July 20, 2016, where over 80 companies had found their way into the campus and offered 128 jobs. Students from the placement committee at IIT-B are hoping to see over 50 other companies visit the campus again this year to offer jobs in the second phase.

More than 1,500 students had registered for placements in 2016-17 at IIT-B, of which 1,013 were offered jobs in the first phase (plus pre-placement offers). The rest are hopeful of bagging offers in the second phase.

BOX:

Placements at IIT-B—Phase II:-

*11 companies have already visited the campus out of which nine companies have offered 33 jobs

*Public Sector Undertakings (PSUs) like IOCL and HPCL have offered five jobs each in the second phase

*Technology consultancy firm Capgemini has offered jobs to 12 students, highest from a single company as yet, in the second phase

*Close to 20 other companies have already confirmed their presence in the second phase

Also read: Money alloted in budget not sufficient, say IIT Bombay officials