IIT, Bombay gets 3% rise in Phase I placements

The Indian Institute of Technology (IIT), Bombay were promising in the first phase of placements with almost a 3% rise in students placed compared to the last academic year. IIT Bombay official said that more students placed in most programmes, the season was anything but listless. The number of the international offers from MNCs and foreign companies also rose by 40%. from 64 to 80.

IIT Bombay released the report on the Phase I placements, which ended on Dec 18, 2012, at powai campus.

Avijit Chatterjee, Professor in charge of placements, said many new companies had come to the campus for hiring students from the institute fro thus academic year. "Linkedin, Twitter and Michelin were some of the major global firms that came. There is an upward trend in the number of students placed in all courses, said Chatterjee.

The release report shows that around 72% of students from the B.Tech course have been placed in the fort phase, compared to 65% the last academic year. The students from the dual degree prgrammes are preferred, the percentage of students with offers stayed static at 78%, compared to the last year. Around 240 companies came for the campus placements in in Phase I this academic year.

Sriram Bhargav, a students from the Computer science branch bagged an offer of Rs 80 lakh per annum from Samsung US/Korea, the highest this academic year. While, institute haven't officially released highest package drawn.

The report stated, "Over 84 students have been recruited bu multinational companies for their global requirements. The Continued focus on firms as per the placement's office 'Look East' policy saw the creation of several jobs opportunities with highly rated organizations."

The second phase of placement will begin from January, in which 50 offers have been made.

Chatterjee said, "This phase is generally slow as we have interviews scheduled only after classes and during weekends. The Phase II will go on til end of June".