Friday, July 29, 2011

R&D Sector offer jobs for IIT Students

According to 2010-11 placement figures, 69 students from the Indian Institute of Technology (IIT), Bombay, have opted for jobs in the R&D sector, up from 54 in 2009-10.

The number of companies in this sector have also gone up from 12 to 17.

Ravi Sinha, professor-in-charge, placement, IIT Bombay said,“The R&D sector has been steadily growing for the past few years and interest among our students in research profiles has also increased. Besides an increase in the number of organisations hiring fresh graduates in the R&D sector, the nature of jobs being offered have changed. The profiles offered are not just top-notch and specialised, but also very exciting. The compensation won’t be as high as a job in financial, software and some engineering sectors, but that’s not deterring the students.”

Around 262 organisations participated in the campus placement and 958 jobs have been offered through on-campus and pre-placement offers. Last academic year, 213 companies came on campus and made 856 offers. True to their core competence, over two-thirds of the students this year opted for science, engineering and technology-oriented jobs. The financial services sector and the consulting sector were also major recruiters this year.
While the number of offers in the finance sector went up from 70 to 91 over the last academic year, around 95 offers were made by the consulting sector to IIT Bombay students, up from 70 in 2009-10. Sinha said , “With many of the top global companies from the financial services sector preferring IIT Bombay over other campuses, the sector saw a rush among the top-level as well as the mid-level companies to recruit the brightest from the campus.”

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