36% of IIT Bombay graduates don't get placed

This comes amid a global economic turmoil

Many students are grappling with job offer dilemmas

In the midst of a challenging job market landscape, IIT Bombay, known for its prestigious placement record, faces a significant setback with 36% of its latest batch failing to secure placements. This news comes amidst a backdrop of global economic turmoil, leading top companies to implement mass lay-offs and hiring freezes.

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Attributing the difficulties in attracting companies to campus to the economic downturn, an official from IIT Bombay’s placement cell revealed that even the typically high-performing computer science and engineering branch experienced a shortfall in achieving a 100 percent placement rate.

While the institute aims to maintain high average salary packages, concerns arise regarding the alignment of this focus with the diverse aspirations of students. The placement season, scheduled to continue until May 2024, saw initial reports of 85 candidates receiving offers exceeding Rs 1 crore, later corrected to only 22 students.

Despite efforts, many students are grappling with job offer dilemmas, with some exploring alternative paths to employment. With a significant portion of companies now seeking talent from the domestic market, the dynamics of the job market are rapidly evolving, presenting new challenges for students and recruiters alike.