This placement season, many of the new Indian Institutes of Technology (IITs), are facing a stiff competition in getting enough attention from recruiters. They are playing hard to have their students get picked for a well-settled career.
Most institutes are letting the recruiters take their as much time as they need to select the desired students, despite having little space, insufficient resources and low scope of negotiations to make.
Though this ongoing third edition witnessed better placement scenario than previous ones, yet young IITs are struggling to attract firms to offer job prospects to them.
A placement officer from a newer IIT told that those companies who earlier have already come for placement but did not select any student have not looked back this season. All the while, the students who rejected companies offers in the earlier batch, refused to register again. Besides, the gloomy economy can also add up to the bleak job offer factors.
Faculty of IIT Patna told about the companies taking tests of students and most of them not turning up for the second interview round.
Placement in IIT-Jodhpur commenced on December 1 in sync with others, observing 5 companies - Morgan Stanley, Cognizant, Cisco, Samsung and Oracle offering jobs at their Indian offices. However, these many recruiters are still insufficient and students from mechanical engineering department still need to be picked. To accommodate recruiters the IIT-Jodhpur had to rent 3 blocks of the Jodhpur University.
Up till now Cognizant has selected 7 students from IIT-Jodhpur which makes it the largest recruiter and Morgan Stanley offered the highest salary of Rs 13 lakh per annum.
IIT-Gandhinagar with 44 M.Tech students in addition to 120 final year graduates is expecting 21 registered companies to arrive on its campus for placements, most of which were IT firms. Of the 21, 19 companies have visited and made 39 offers. The maximum students were picked by E-clerx i.e. 12 students.