Tuesday 24 December 2013

Over 100 IIT-Bombay students get offshore jobs



 MUMBAI: Over 100 students at IIT-Bombay were placed my multinational companies for their global requirement this year. The corresponding numbers, last year, was around 80. The first phase of placements came to an end on December 19 with 889 students on the campus getting job offers, which is over 55% of the total strength on the campus. The analysis of the data shows that the placement session this year was least affected by the global slowdown.

Reputed organizations from Europe, Japan, Korea, Middle East, Singapore, Taiwan, USA etc. visited IIT Bombay this year. While a significant number of such companies included regular recruiters, many new international companies also came down to the campus this year. Even though a few US companies did not turn up for placements this year owing to visa issues, several companies from countries like Japan, made up for their absence.

The inclination towards technical and software sectors continued to dominate students' choices with 265 students picking up jobs in engineering and technology, followed by 249 in software and IT firms. Maximum offers on an average were made by firms in these two sectors. Around 25 firms in the analytics sector hired 83 candidates and 21 consulting firms hired 73 students in all. A couple of NGOs too have picked up one student each from the campus. Only one public sector company that came in the first phase hired two students, more will visit the campus in the second phase, which begins from January first week, said an official. Several educational institutes also made job offers to 23 students, including few doctoral degrees, to join them as faculty members.

In all, 889 students got job offers from 260 companies at the end of the first phase, out of 1,600 students. Last year, out of 1,300 students, 828 students had got job offers from 240 firms after the first phase.

'Opportunities in research and development (R&D) have been steadily growing for the past few years and this year too, IIT Bombay saw some premier job offers in this sector', said the official release issued by the institute. A total of 13 research and development organisations offered 35 positions in the first phase.

Major companies who made their presence felt in the first phase include Google, Microsoft, Goldman Sachs, Boston Consulting Group, Shell, Morgan Stanley, IBM, Schlumberger, Sony (Japan), Samsung (Korea), LinkedIn, Deutsche Bank, Oracle and ITC, among others.

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