IIT Bombay Issues Clarification On Students Failing To Secure Placements

Education Edited by Updated: Apr 03, 2024, 2:35 pm
IIT Bombay Issues Clarification On Students Failing To Secure Placements

IIT Bombay Issues Clarification On Students Failing To Secure Placements

IIT Bombay published a clarification on reports which said around 36 percent of students from the institute are yet to secure any jobs during the placement season, which comes to an end by May this year.

According to the data released by the Institute, 1.6% of the final year students are expected to start their own ventures as start ups and 4.3% haven’t decided yet on what to do with their future, as the survey says “not yet decided”. Meanwhile, 6.1% are looking for a job (not specified on which sector) 8.3% aims to join public sector. 10.3% are looking for jobs outside IIT Bombay and 12.2% are planning to do higher education.

IIT Bombay shared this chart after the placement news went viral

Earlier this week, nn a report shared by the educational institute’s alumnus and founder of Global IIT Alumni Support Group, Dheeraj Singh, it was revealed that around 35.8 percent of students have not been placed. The numbers have increased by 2.8 percent since the last session.

In 2023, around 1,485 students from IIT Bombay were placed out of the 2,209 registered students. This means that 32.8 percent of students (over 725) remained unplaced. Officials from the institute complained of the struggle to invite companies when compared to last year because of a global economic showdown. Although traditionally, international companies outnumber domestic firms, the numbers are decreasing. A significant number of companies out of the total 380 were Indian firms, stated the officials.

They also added that it was the first time that registered students pursuing computer science and engineering have not achieved 100 percent placement.

The slower hiring market at IIT’s has been an issue for the past few years. In 2017, only 6,013 students out of 9,104 across 17 IITs were placed, reported the Hindustan Times. In 2016–17, only 66 percent of the registered students were able to secure a job. Concerns regarding the rising unemployment levels in India have risen as the most affected group remains the educated youth.

Congress leader Rahul Gandhi, responding to the decrease in placements in IIT Bombay, stated in X (formerly known as Twitter) that even top institutions like IITs have come under the grip of ‘unemployment disease.’ Criticising the Centre for not considering the Congress’ proposed employment plan for young Indians for a month, Rahul Gandhi said that PM Modi neither has any policy nor intention to provide employment, as “he is just deceiving the youth of the country by luring them into the web of emotional issues.”