Good job: IIT Bombay placement sees more international interest

An assessment of the first phase of campus placements at IIT Bombay shows that while the largest number of offers by single organisations were from the engineering and technology sector, there was an increased access to international companies.

The first phase of the placement process, which went on from December 1-18, 2012, saw over 65 per cent of the batch being placed. The second phase kickstarted in January and will go on till June 2013. The average salary being offered to students this year is expected to be 5-10 per cent higher than the previous academic year.

"Students continued to show inclination towards the technical sector (in the first phase), with more students opting for engineering and technology firms, including information technology," said an institute release.

The first phase saw over 84 students being recruited by multinational companies for global requirement. "The continued focus on firms as per the placement office's 'look East policy' saw the creation of several new job opportunities with highly rated organisations," the release said.

Sectors like management consulting, engineering, IT, finance and FMCG dominated the first phase, which saw participation from around 240 companies. "We are targeting 100 more firms in the second phase. A lot of public sector units are lined up in phase II," said Avijit Chatterjee, professor-in-charge of placements at IIT Bombay.

Around 1,500 students are part of the placement process this year. "There was a continued prominence of IIT Bombay in management consulting and financial sectors. Nearly 60 offers were extended by the management consulting firms and close to 90 offers by financial services firms that visited the campus, including eight leading management consulting and 10 financial services firms. These organisations work with large corporations across the globe and help them resolve complex business problems," said the release.

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