IIT BOMBAY 1998 BATCH
IIT graduates feel pay pinch as top offers dry up
Compensation for graduates from top 10 engineering institutes, of which eight are IITs, as ranked by the National Institutional Ranking Framework has declined marginally for the class of 2024, according to Deloitte campus workforce trends 2024 study.
ChatGPT Effect? 7,000 IIT students still jobless as placement season ends; Institute sends SOS to alumni for help
Over 7,000 IIT students remain unplaced as the 2023-24 placement season ends. IIT Delhi, IIT Bombay, and BITS are seeking help from alumni to secure jobs for these graduates. Economic factors and technological advances, such as the rise of ChatGPT, have contributed to the decline in placements, with many companies adopting a cautious hiring approach.
From IITs to IIMs, leading educational institutions in India dial up efforts to attract students with disabilities
IITs and IIMs, including IIT Madras and IIM Calcutta, prioritize inclusivity by supporting students with disabilities like Sachin Kumar. Through various initiatives and collaborations, these institutes strive to create an accommodating and diverse learning environment.
Economy is on strong footing then why such low salaries for IITians?
With companies scaling back on hiring and offering lower salary packages, IIT students at the tail-end – those that haven’t been placed yet – are being offered annual packages below Rs 10L
High-paying IIT jobs a myth? Top grads settle for as low as Rs 6 lakh as placements dry up
Despite the usual hype surrounding the Indian Institutes of Technology (IITs) placement season, this year has presented significant challenges for graduates seeking high-paying jobs. The global economic slowdown has caused companies to reduce hiring numbers and offer lower salary packages, impacting students at prestigious institutes like IIT Indore, IIT Bombay, IIT-Kharagpur, and IIT Delhi.
IITs strive to beat placement winter blues
The schools are going all out to get more recruiters to campuses. The placement season ends in May-June for the IITs. Two of the top schools - IIT Bombay and IIT Delhi - have provided official placement data to ET. At IIT Bombay, the top choice for those who clear the entrance exam process, 33% of the 1,973 students participating in placements were yet to get jobs as of April 4. The older IITs are typically regarded by candidates as the most desirable. Apart from the eight older ones, India has 15 other IITs set up since 2008. IT-BHU became IIT-BHU (Varanasi) in 2012 by an act of Parliament.
IITs step up efforts to raise donations from alumni
IIT Delhi, which currently has a total endowment reserve of Rs 350 crore from its alumni, looks to add another Rs 250 crore in the next two years, its dean of alumni relations PVM Rao said. Last calendar, the institute raised about Rs 50 crore. “However, one big donation may change these projections as it happened with IIT Bombay with (Nandan) Nilekani’s donation,” Rao said.
IIT placements: After a dull Phase 1, focus turns to getting more recruiters
The placement war rooms of Indian Institutes of Technology (IITs) are working hard to attract more job offers as engineering colleges enter the second phase of placements. The number of students from the Class of 2024 who landed a job was 15-20% lower compared to the previous year. To ensure more students graduate with a job, IITs are reaching out to companies through alumni, venture capitalists, and social networking platforms. Startups and public sector organizations are also being tapped. Placements at old IITs start in December, and the second phase continues until April-May.
IIT Bombay alumni gift Rs 57 crore to institute
This is the highest sum given by a batch of alumni to the institute, exceeding Rs 41 crore in donations that the class of 1971 had made during their golden jubilee celebrations in 2022, as per a statement from IIT Bombay.
Concerns rise as final placements at IITs show 15-30% decline in job offers for class of 2024
Indian Institutes of Technology are experiencing a decline in job offers for students of the Class of 2024, with the number of students receiving job offers down by between 15% and 30% compared to the previous year. This is particularly concerning as the old IITs of Delhi, Bombay, Kanpur, Madras, Kharagpur, Roorkee, Guwahati and Varanasi (BHU) set the bar for engineering placements in the country.
Tough placement season begins at IITs; startup funding winter continues in November
As placement season kicks off in the Indian Institutes of Technology (IITs) across the country, students are nervous about landing jobs as a shadow of the tech slowdown lurks on campus. This and more in today’s ETtech Top 5.
Students tense as old IITs start final placements
The Class of 2024 at the Indian Institutes of Technology (IITs) is anticipating a challenging placement season as the older IITs commence final campus placements amid a tech slowdown. While some students secured crore-plus offers, concerns linger about ensuring maximum placements in the current market scenario. Pre-placement offers (PPOs) from high-frequency trading firms have provided some relief.
How & why India checkmated Chinese giant Huawei's salami-slicing moves in top tech schools
A note of caution by the director of a leading IIT woke up Government of India on deep inroads that Chinese company Huawei had already made into India’s leading institutes including IITs. India’s gear shift on Huawei was cautious, quiet and a tad late, unlike in other parts of the world where the company's alleged role as an instrument of the Chinese state had openly come into question.
Engineering colleges and B-schools see spike in funding from alumni
“Till 2016-2017, the institute used to raise an average of Rs 1 crore per year. Now, it has gone up to Rs 32 crore in 2022-23. Funding has more than doubled compared to the pandemic years,” said Professor Arya Kumar, dean, alumni relations at BITS Pilani. The institute has raised more than Rs 73 crore in the last four years from alumni including CSR funding.
IIT students secure over 130 Rs 1 crore-plus job packages
There has been some impact though: job offers with compensation of over Rs 1 crore have dropped at most IITs this year compared to last year when these campuses, as well as IIT Bombay, hit an all-time high record of crore-plus offers during final placements at about 185, as reported by ET earlier.
Old IITs bag highest Rs 1 crore-plus salary offers despite economic uncertainty
The IITs that have received these offers include Delhi (50-plus offers), Kanpur (33), Madras (25), Kharagpur (12 offers), Guwahati (8), Varanasi (4) and Roorkee (2).
IIT Bombay: Breeding geniuses by the lakeside
The earliest IITs got the benefit of material assistance and academic cooperation from certain developed countries -- IIT-B from USSR, IIT-Madras from Germany, IIT-Kanpur from the US and IIT-Delhi from the UK.
Students stuck in Afghanistan facing trouble to come back to India for studies
The students who are stuck in Afghanistan want to come back to India to complete their studies and the institutes are doing everything to help them out, said IIT officials. But with the Taliban taking over in Kabul, it is uncertain when, or whether, they will be able to return to campuses.
Covid pandemic blues: Less than 200 IITians land international jobs
While some of the older campuses have seen a substantial reduction in international job opportunities, younger IITs have seen a marginal drop. Not only have offers reduced, even the compensation packages at India’s blue-chip institutes have shrunk.
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