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At least 36% students of the prestigious IIT Bombay are jobless and yet to secure jobs in the current placement season.
According to a report in the Hindustan Times, 712 out of 2,000 students from the premier institute of the 2024 batch who had enrolled for the 2024 campus placements are yet to secure jobs.
The report further added that out of the total number of 2209 students in the previous year’s batch, only 1485 were placed; which means, 32.8% did not secure a placement last year too. This has raised serious concerns on the relatively low number of students recruited via campus placements.
“It was a struggle to invite companies to the campus compared to last year due to the global economic meltdown,” HT quoted an officer from IIT Bombay’s placement cell.
To add to the irony most of the companies that attended the placement were mostly domestic, with a very few international firms. Usually international companies outnumber Indian companies, but only a few international players showed up this year.
Moreover, this is the first time that students registered in the Computer Science and Engineering branch did not achieve full placement.
“The majority of the companies faced challenges in accepting the salary packages predetermined by the institute. It took many rounds of negotiations before they agreed to come over,” the official added.
Earlier, there were reports that at least 85 students received job offers with Rs 1 crore annual packages. However, the institute has clarified that only 22 students have received the packages worth Rs 1 crore.
Worth mentioning, every year students from the IIT look forward to placement season – December and post-February- with an eye on big-ticket jobs.
