High salaries no longer seem to attract students from the Indian Institute of Techno-logy-Bombay (IIT-B). A growing number of IITians are exploring careers in research and development (R&D) and teaching, which are not as high paying as jobs in the corporate sector.
According to this year’s IIT-B placement figures, which were released on Thursday, around 69 students opted for jobs in the R&D sector, up from 54 last year. Also, 37 students opted for faculty positions in nine educational institutions, mostly private universities in the country.
“Students are now more focused on their areas of interest and are willing to take risks. Salaries in these fields are not very high but that does not deter students. Also, with the economy growing, more opportunities are opening up for students,” said professor Ravi Sinha, chairman, placements, IIT-B.
This year three students have joined the NGO, Teach for India, and will spend two years teaching underprivileged children. “We encourage students to join the social sector as they can experiment at this age. Every-thing is not about high salaries,” said Sinha.
But the majority of placements continued to be in the area of the institute’s core competence — engineering. The highest number of engineering and processing companies, 84, visited the campus this season and offered 265 jobs.
This year, a total of 1,200 students participated in the placement process. Around 262 companies offered more than 950 jobs through on-campus and pre-placement offers.