Most IITs have a month long vacation in December i.e the winter break after the first semester which also marks the beginning of the placement season, however, same is not the case with every IIT. IIT Bombay is second in row after IIT Kanpur to announce its first round of the placement drive for 2016-17 academic sessions. The placement drive will kick start from December 01 and will continue till December 15, 2016.
It is expected that this academic session the core placements might increase significantly, with many Public Sector Units (PSU) and universities/colleges approaching the Institute. As many as 125 PPOs have come so far. These PSUs are offering competitive packages. Students of the Institute have also have shown an increased interest in taking up core jobs as compared to last year.
In addition to ISRO, Coal India and HPCL will visit IIT Bombay like last year, while new PSUs include Oil & Natural Gas Corporation (ONGC), BPCL and Bharat Electronics Limited (BEL) among others. They are expected to hire students across Bachelors, Masters and Doctoral programs. For the academic session 2015-16 too, the placement drive began on December 01, 2015. An unprecedented 174 jobs were offered were offered on that day, reconfirming the commitment of top recruiters to IIT Bombay graduates.
Core engineering sector has the highest registrations. The majority of the students opted for science, engineering and technology-oriented jobs, with the recruiting companies operating in various sectors of the economy. While the deferral placements are permitted only for start-up and social cases.
The demand for data analytics role is the same as before. Last year, there were job offers from 38 organizations, making it one of the biggest recruiters after engineering and information technology. This trend seen in the last few years seems to have taken strong roots at IITB.
Education: Further, both established and upcoming colleges/universities are looking for high-quality hires to fill educational roles and professorships. This would primarily provide a significant boost to placements of over 100 registered Ph.D students across departments. The number of these universities has doubled to over 20 as compared to 7 last year, resulting in a more diverse set of roles being offered and a larger number of placed students. Overall, higher interest in core roles and more job opportunities will make this placement season far better.
Start-Ups: The placement season at IIT Bombay will see a significantly lower participation from startups this year. Taking into account the multiple revoked/altered offers from startups last year, the placement office at IIT Bombay has taken a cautious stance. The focus is on job quality and security. Another reason for poor turnout of startups could be lower funding in the startup ecosystem.
Most IITs tend to wrap up their placement season by March which typically means a 3–4 month long placement season. There are a lot of market factors which come into play too (e.g recession in 2008 led to an extended placement season). Starting in December gives most IITs ample time to achieve desired results in placements.