For the year 2016-2017, the IITs experienced a record fall in their on-campus placement. Where IITs like IIT Kanpur and IIT Kharagpur the placement fell by 8-10%, IIT Delhi and IIT Madras experienced a fall in campus placement by 3-5%.This data is from 17 of the 23 IITs. The remaining six are newly-established.
The HRD (Human Resource and Development) ministry said that the current market situation, the decline in the recruitment by IT sector as a result of policies adopted by foreign countries including visa issues, and student’s interest to go for entrepreneurship has resulted into such drastic fall in the placement ratio. According to report, only 66% of students who appeared for placement drives in IITs got jobs.
Although IIT sources say that the number of companies reaching to institutes for hiring has increased, the number of students getting placed have declined. The reason for such behavior is that the companies are getting choosy in hiring candidates. The companies are not only focused on the core skills but are preferring candidates having soft skills too. To overcome this issue few IITs have developed “career development centers” which will counsel students on their career choices and will also help develop skills that will help students crack placement.
Microsoft upped its previous year's offer by almost $80,000. Uber, with a reported package of $155,000, went for the first slot on Day One of placements. Samsung had already started recruiting through the pre-placement process. This year marked Apple's entry into India's campus placement scene, including IIT-Bombay.
In 2016-17, there were very few overseas offers. But this time, foreign offers more than tripled at the IIT-Madras and IIT-Kharagpur. At Madras, the number of international offers increased from six in 2016-17 to 22 in the first three days of placements, while those at Kharagpur rose from nine to 30. IIT-Bombay saw 60 international offers compared to 50 last year.
The decline in placement is mainly in the field of IT, there hasn’t been any effect on the core jobs. Moreover, recruitment at PSUs are through GATE score, and these are not counted as IIT placement and there are students, from IITs, who are getting jobs at PSUs, so the condition of placement record may not be as bad as it seems.
A senior HRD official said they have asked IITs to draw up an action plan for better hiring next time, including directing placement cells to "put in more effort to reach out to companies".Some IITs have started career development centers to help students choose careers.Others are investing in training candidates in soft skills to give them an edge.