As many as 35.8 per cent of Indian Institute of Technology (IIT) Bombay students registered for this year’s placements have yet to secure any jobs. Around 712 out of the 2000 registered students are yet to get any placements this season; reported Hindustan Times. Global IIT Alumni Support Group Dheeraj Singh has shared the data.
The placement season is underway and will continue till May. Officials told the news agency that for the first time, students from the computer science and engineering branch which usually sees a 100 per cent placement, have not been able to achieve the target this year. It is the most in-demand course at the institute.
As per the report, last year 32.8 per cent of the students were unable to secure any job. This year saw an increase of 2.8 per cent in students who have been unable to get placed yet. In 2023, out of the 2,209 registered students, 1,485 students were able to secure jobs. Officials from IIT-Bombay’s placement cell had said that due to the global economic meltdown, it had been difficult to invite companies for the placement season, the report added.
In the recent placement season, several IITs have seen a slight downward trend in the number and kind of recruiters coming down to hire students amid a global economic slowdown.“PPOs are being made but not many international firms have come out so far, as they are cautious of over-hiring and may come in towards the end of the season. Some of the firms based in the US and UK are not investing as much in long-term projects outside of the home and hence are not coming down as of yet,” a faculty member associated with the placement cell at one of the newer IITs told News18.
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