IIT Bombay 2024 Placements Dip to 64% with More Than 700 Students Unable to Secure Placements; Check Details Here

| Updated On - Apr 4, 2024

Around 36% of students at IIT Bombay were unable to secure placements during the placement drive 2024. Some blame the post-pandemic economy, while some shed light on the salary package system in place at IIT Bombay.

New Delhi: The Indian Institute of Technology, Bombay (IITB) placements in 2024 have seen a decrease in the total number of students placed. The 2024 IITB placement drive turned out unsuccessful for 712 out of the 2000 students. This means that the IIT Bombay placements, which end in May, have resulted in 36% of eligible students not being able to get employment, despite 380 recruiting companies.

According to an official at the IIT Bombay placement cell, it was even difficult “to invite companies to the campus compared to last year due to the global economic meltdown”. Even during the IIT Bombay 2023 placements, 35.8% of students did not secure any placements.

The problem may be in the salary package expectations from IIT Bombay, according to the official. He said, “Most companies were unable to accept salary packages pre-decided by the institute. It took many rounds of negotiations before they agreed to come over. For the first time, registered students from the computer science and engineering branch, which are most in demand, have not seen 100% placement offers.”

What are the Reasons for a Decrease in the IIT Bombay Placement Offers?

According to an IIT Bombay professor, the system of focusing on high-paying salaries may lead to lower placement numbers. He said, “The institute is focused on big packages to maintain the high mark of average salary packages. However, it is not focusing on the salary bagged by an average student – this has created a system where despite getting offer letters, most students reject them later and choose other ways to seek employment.”

Elaborating on the mental burden faced by students during placements, the professor further said, “A majority of students are expressing concern about rising stress levels, especially post-pandemic, regarding job placements. They are declining campus offers that are not on a par with offers received by students from private colleges for similar positions.”

Dheeraj Singh also expressed his disappointment about the state of the unplaced students.“This is a disheartening state of affairs at IIT-Bombay, which is ranked the third engineering college in India,” he said. “The administration should inform unplaced students how they are going to help them find a job,” he added.

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