Beating the global industrial downturn, IIT Bombay has reported awesome placements in phase 1 earlier, this year. More than 60% of the students from the institute have already been placed in the first phase of placement season that began on December 1.
A new placement trend is being reported this year by IIT-B students, wherein a lot of companies from the Far East, like, Japan, Taiwan etc are visiting the campus for recruiting talent.
This look east policy seems to have yielded positive results. The numbers of global companies visiting the campus, which does not have any presence in the Indian market, have almost doubled this year. The institute is keen to attract multinational companies having larger presence in the global market in the second phase, which will begin in January.
Ravi Sinha, the institute’s placement coordinator said, “The institute has approached a Hong-Kong based firm which has 60% of global market presence. It seems positive. We hope they can have relations with us in the second phase. They have more than 45,000 people across the world. We are looking at their research and development unit as well”.
Even with fears of recession, around 800 students out of 1,400 students from the institute have been placed from BTech., MTech. and Dual Degree programmes along with the masters and PhD. programmes. Around 78% of students from the dual degree programmes have been placed followed by 65% from the BTech. programme.
Stream-wise distribution of students - IIT Bombay 2012 Batch
Phase-I Placement statistics
In addition to the 200 companies, around 150 more companies are likely to participate in campus placement in the following months.
Sinha continued, “Computer Science is the stream that has got maximum job offers this year. This sector is directly related to the global economy and hence ends up giving attractive offers. Computer science has received similar response across IITs in the recent time.”
This seems to be a good sign of relief from the fear of recession raising its head again.We wish all our FaaDoo Engineers a very bright future!