The economic slowdown seems to be having the least effect on the placements at IITs this year. Over 100 students at IIT Bombay (IIT B) have already been placed by multinational companies in the first phase of the placement season at the campus. Last year, the corresponding number was around 80. The first phase of placements saw 55 percent of the students i.e. 889 students on the campus bagging the job offers.
Companies from Europe, Japan, Korea, Middle East, Singapore, Taiwan and USA have offered jobs to students at IIT B. Although due to visa issues, a few US companies did not turn up for placements this year but companies from other countries made up for their absence. Firms from technical and software sectors made the maximum offers on an average. A couple of NGOs have also picked up students from the campus. Only one public sector company that came in the first phase hired two students, more are expected to visit the campus in the second phase, which begins from January first week. Companies like Google, Microsoft, Goldman Sachs, IBM, Sony (Japan), Samsumg (Korea), LinkedIn, Oracle among others offered the jobs in the first phase of the placement at IIT B.