IIT Bombay Responds To Reports Of 36% Graduates Without Placement

Following recent reports suggesting that 36% of students at IIT Bombay had not secured placements, the prestigious institute has taken to social media to dispel these concerns. In a post shared on X (formerly Twitter), IIT Bombay revealed data from an exit survey conducted among graduating students from the 2022-23 batch, showing that only 6.1% are still actively searching for jobs.

The post from IIT Bombay read, “Lately there has been news that over 30% of IITB students do not get jobs! An exit survey among graduating students in 2022-23 says only 6.1% are still looking for jobs. Here is the survey result for you to decide…”

The accompanying charts, one for female students (F) and one for male students (M), provided a breakdown of the employment status of the graduating batch.

According to the data shared by IIT Bombay, 57.1% of students from the 2022-23 batch secured jobs through the college’s placement process. Further details revealed that 12.2% of students opted for pursuing a higher degree, 10.3% secured jobs off-campus outside IIT Bombay, 8.3% chose public services, and 1.6% joined startups. Additionally, 4.3% of students are yet to decide on their next steps, while 6.1% are actively seeking employment.

 The initial concerns arose from a report indicating that 36% of the 712 registered candidates failed to secure jobs through the IIT Bombay placements this year. This raised questions about the challenges in the job market, particularly amidst global economic uncertainties and a hiring slowdown that affects recent graduates, even those from prestigious institutions like IIT Bombay.

An official from the institute cited various factors contributing to the complexities of the placement process. These include the evolving dynamics of the job market and the hesitancy of companies to commit to pre-decided salary packages, which especially impact fields such as computer science and engineering, where demand is typically high.

The data from the exit survey provides a more nuanced understanding of the employment outcomes for IIT Bombay students, showcasing a majority securing jobs through the college’s placement process and a diverse range of choices made by the graduating batch. This information aims to reassure stakeholders and potential candidates about the career prospects for students from the institute.