There were many more companies visiting IIT campuses for
Phase I recruitment process, but the number of placements offered per company
is lesser in comparison to the previous year.
At IIT-Bombay, leading finance and consulting firms like BCG
and Goldman Sachs have reduced the number of students recruited. However the
analytics sector offered more placements for students across IITs, and firms
like Goldman Sachs and JP Morgan, have more openings in analytics when compared
to core finance profiles this year. According to a student, most of the
companies which recruit students for finance roles have picked up more students
from the software and coding background, targeting analytical roles. Many
students who have interned in banks and other financial firms were upset with
this reduction in offers.
The placement cell at IIT Kharagpur has witnessed
significant growth in big data analysts coming for recruitment. A placement
representative from IIT Kharagpur said that these days, decision making is being
extensively supported by data. Recruitment in this sector has seen a rise as
firms which were hiring business analysts are looking for data analysts who are
into coding as well. The institute has been offering tailor-made courses for
these profiles for the past two years. Professor Manu Santhanam, who is taking
care of placements in IIT Madras told that most of these firms had announced vacancies
for more software and analytical profiles much earlier, and hence the students
were well prepared.
When compared to core sectors where offers almost doubled,
some sectors like IT and finance have seen a drop in the number of vacancies
fulfilled at campus. There were 500 offers made by day 5 at IIT Roorkee but the
progress fell on Tuesday. The overall pattern looks positive with an increase
in number of companies from 200 to 230 on campus, but there has been a drop in
number of offers per company according to Professor N P Padhy, placement
in-charge at IIT Roorkee.