Core engineering jobs rule IIT-B placements this year
Just five years ago, a fat cheque from an IT company was
never turned down. Information technology was the buzz word, the new economy and
no matter what you studied at tech school, a software firm was where you landed.
Placement 2010 at IIT-Bombay has shown that jobs in core engineering firms were
this year’s flavour. Earlier, a larger proportion of students joined the IT sector,
no matter what their primary area of specialization was this year, there was synchronisation
between what they studied and the industry they joined, said IIT-B placement head
Ravi Sinha.
Management consulting was the third best option, followed by finance, both of which
come with the big bucks. While the number of offers in the finance sector went up
from 70 to 91 over an academic year, around 95 offers were made by the consulting
sector to IIT-B students. Sixty nine students took offers from the research and
development (R&D) firms, up from last year’s 54.
More organizations are now hiring fresh graduates in the R&D sector and offering
extremely specialized job profiles. The compensation is not very high, but that
has not deterred student’s .With the economy striving for high end products and
services, several companies are now trying to develop products that are at the forefront
of technology, added Sinha.
Around 250 organizations participated and over 950 jobs have been offered through
on campus and pre-placement offers. Fewer jobs were taken up at public sector units
from 85 in 2009-10 to 46 in 2010-11.Similarly, 37 students, including several with
doctoral degrees, opted for jobs in educational institutions, down from last year’s
50.
Annual remuneration went up marginally. While the IIT-B does not disclose
the exact compensation given, the final placement report indicates there were more
students who walked home with a fatter cheque. In 2008-09, 239 students received
over Rs 7.5 lakh a year; that number went up to 336 in 2009.This year, IIT-B had
286 students who were offered compensation of over Rs 8.5 lakh per annum; another
135 graduates were offered jobs that paid between Rs 7 lakh and Rs 8.5lakh.
Courtesy: DNA India
