Placement and Internship Report

Placement and Internship Report 20-207 Placement Oﬃce Indian Institute of Technology, Bombay July 207

Index Sr. No. Particulars Page No. Introduction 2 2 Student Preparation Activities 3 3 Sectors 4 4 Program-wise Statistics 5 Sector-wise Selections 7 7 Category-wise Oﬀers 8 Average Compensation, International Oﬀers & PPOs 8 8 Year-wise Placement Comparison 9 Sector vs. Department Oﬀers 0 0 Internships 20-7 2 Department-wise Internship Selections 2 2 Summer vs. Winter Internship Oﬀers 3 3 Companies vs. Universities Internship Oﬀers 3 4 Country-wise Oﬀers 4 5 Conclusion 5 of 5 9

. Introduction The Placement season for Academic year 20 7 began with campus interviews conducted in two phases. Preparations for the Placement season and associated activities for these Interview phases started in July 20. The ﬁrst phase of IIT Bombay s campus placement in December 20 witnessed participation of more than 255 companies and second phase saw more than 50 companies resulting in 4 total job offers including the Pre-Placement offers. Students from Bachelor of Technology (B.Tech.), Master of Science (M.Sc.), Dual Degree (D.D.), Master of Technology (M.Tech.), Master of Design (M.Des.), Master of Philosophy (M.Phil.) and Doctor of Philosophy (Ph. D.) programs in various ﬁelds of engineering, science and technology, design and humanities participated in the placement process. There were a total of 78 students registered for campus placements in 20-7 which includes PhD and M.Des students. Student registration for campus placements opened in August 20 with the customary introduction to the placement process by the Professor-in-charge and Student placement team. Companies were invited from July 20 onwards to ﬁll up online Job Announcement Forms which opened to students registered for placements in early October. Pre-placement talks by some companies provided an avenue for interaction and familiarization of students with recruiting organizations and their work proﬁle as a run up to formal placements. Companies were increasingly being asked to make only electronic presentations rather than on campus talks, especially if they have visited IIT Bombay over the past few years. The company interview process for the ﬁrst phase began on December, 20. A break was introduced on December 4 because students had CAT exam scheduled on that day. A small number of eligible students did not actively participate in the placement process due to their other career choices. The ﬁrst day of formal placements, i.e. st December, 20 witnessed the participation of 33 Companies, representing some of the most coveted jobs in global industry vie for our students. An unprecedented 58 jobs were offered on that day reconﬁrming the commitment of top recruiters to IIT Bombay graduates. 20-7 also had the formal placement process for Industrial Design Cell (IDC) conducted interviews separately in the month of May, 207 to better synchronize with the academic calendar for ﬁnal year students at IDC. While the placement season has seen recruiters from the entire spectrum of the industry, the initial part of the season was dominated by a variety of ﬁrms from sectors like engineering and manufacturing, computer software and hardware, data analytics, management consulting, ﬁnance/ banking and FMCG. Most of these ﬁrms are world leaders in their respective 2 of 5

domains. We also had some of the major start-ups as recruiters but the budding start-ups were avoided this year owing to the fact that offers from the previous year start-ups were delayed / revoked. But still, the informal work culture, opportunity to make immediate and visible contributions, chance to own equity etc. seem to attract IITB students to start-ups. 2. Student Preparation Activities As in previous years, a key focus of the placement ofﬁce was to also prepare students for their placement and internships. IITB students are expected to excel in not just technical knowledge but also in leadership, teamwork and other attributes. A large number of preparatory activities were conducted this year for the graduating students, including refresher lectures on various technical subjects. In addition, preparatory programs to enhance communications skills, interview skills and group dynamics were also organized. Several talks by alumni working in diverse sectors were also organized for the beneﬁt of the students on different job requirements. To enhance the placement preparation of the students, this year the placement ofﬁce organized 330 preparatory events as compared to the 700 events organized in the previous year. Placement activity can be stressful for participating students. Senior and experienced alumni from the corporate sector were available at the placement ofﬁce during December 20 to counsel and provide their valuable advice to the students in need. They also share their experience which is very helpful for the students while preparing for the interviews. Students preparation starts from st August until September end. Post this the company tests start. Throughout the year activities like buddy programmes, interaction with the alumni, corporate talks, demo GD sessions, mock interviews, resume workshops, alumni feedback sessions and besides these activities at Institute level aptitude tests online as well as offline, coding boot camps workshops and online coding contests help the students enhance their skills. 3 of 5

3. Sectors Engineering and Technology Engineering and Technology Students of IITB continued to demonstrate a strong commitment to their core educational background in the choice of employment. Majority of students opted for science, engineering and technology oriented jobs, with the recruiting companies operating in various sectors of the economy. Placement season 20-207 also witnessed the presence of many core engineering organisations especially the Public Sector Unit (PSUs). 88 companies form this sector offered 345 jobs to IITB students. IT/ Software IITB students known for programming skills have continued to attract recruiters through campus placement over the past several years. Challenging global scenario and the increasing competition amongst the IT Companies did not impact the job opportunities in this sector which resulted in 84 job offers by 4 companies. Financial Services Continuing the trend of last few years, the ﬁnance sector was a major recruiter this year too. With many of the top global companies of this sector visiting IITB for campus placements, the Fin-Tech sector noticed a rush among top-level as well as mid-level companies to recruit the brightest and the best from the campus. A variety of proﬁles were opened up in the sector as these companies have begun to appreciate the analytical and quantitative analysis capability of the IITB students. 25 companies form this sector offered 30 jobs to IITB students. The rapid ongoing digitization of ﬁnancial services sector in India also resulted in a strong presence of Indian ﬁnancial ﬁrms in a sector traditionally dominated by multinationals at IITB. Data Analytics The well-deserved reputation of superior analytical and reasoning skills of IITB graduates continued to draw recruiters from the rapidly growing ﬁeld of data analytics. There were 3 job offers from 44 organisations making it one of the biggest recruiters after engineering and information technology. This trend seen in the last few years seems to have taken strong roots at IITB. 4 of 5

Consulting Over 24 leading consulting ﬁrms, including several global leaders, visited IITB for campus placement this year. These organizations work with large corporations across the world and help them resolve complex business problems. Management consulting companies carry a reputation of being very selective in their choice of campuses and of having extremely high standards in their recruitment process. Total 89 offers were made in the consulting sector including management consulting. Research and Development With the economy increasingly striving for high-end products and services, a large number of companies now strive to develop products in the forefront of technology. IITB observed an increase in organizations hiring fresh graduates in the R&D sector. This sector had been steadily growing for the past few years and this year IITB saw some premier job offers in this sector. A total of 32 R&D organizations offered 8 positions this year. Education IITB has continued to provide faculty to several educational institutions through campus placement over the past several years. This trend was stronger this year. organisations selected 47 students, including several with doctoral degree, who have been offered jobs with public and private educational institutions through campus placement. 5 of 5

4. Program-wise Statistics Over the years there has been a gradual increase in the registered students count. The numbers below narrate the participation according to the programs with their respective selections. Table. Program-wise placement data 20-207 Program Registered Participated Placed Percentage B. Tech. 544 47 394 84.37 Dual Degree (B. Tech. + M. Tech.) 247 230 89 82.7 M. Tech. (2 Yr.) 542 493 39 80.32 5 yr. M. Sc. 2 yr. M. Sc. 5 0.7 47 99 7 7.8 M. Des. 2 25 40.98 0 53 33 2.57 78 58 4 73.39 Other Programmes * Total * Includes M.Phil, MTech + Ph. D, M.Sc. + Ph. D, M. Sc. + M. Tech., Ph. D., M.S by Research. Note: Participated count excludes de-registered students who opt for higher studies & have other career options and hence de-register themselves from the placement process. Academic Programme B. Tech. 84.37 Dual Degree 82.7 M. Tech. 80.32 5 yr. M. Sc..7 2 yr. M. Sc. 7.8 M. Des. 40.98 Other Programmes 2.57 Overall 73.39 0 20 40 0 Percentage of placements Figure. Program-wise placement percentages of 5 80 00

Note : All registered students do not necessarily participate actively in campus placements. Some may have alternate plans like higher education, research scholar etc. but still they register for campus placements. It is also important to note that students are also get placed through channels other than campus placements. In addition to the above mentioned numbers M. Phil. and 2 Ph. D. students were also placed in the campus placement process. For M.Sc., M.Sc. +M.Tech and Ph.D students, higher studies and post-doctoral work can be a priority. 5. Sector-wise Selections Sectors like Core Engineering & Technology, Research & Development, Analytics and IT/Software saw good selections this year which were inclined to the industry trends. Table 2. Placement details by type of organization Sr. No. Sector Number of Organizations Engineering and Technology 88 345 2 IT/ Software 4 84 3 Finance 25 30 4 Analytics 44 3 5 Consulting 24 89 Research and Development 32 8 7 Education 47 8 FMCG 8 9 Public Sector Undertaking 27 0 Others 43 Total 3 4 7 of 5 Number of Oﬀers

. Category-wise Oﬀers The job proﬁles offered by recruiting organisations are divided into various categories based on the gross compensation packages as listed below. Factors other than compensation package like job proﬁle, past association of recruiting organisation etc. may sometimes be considered to alter the category. Table 3. Placement details as per salary offered Range of Gross Salary (in lakh rupees per annum) Number of Proﬁles Number of Oﬀers C 3 9 250 C2 < 3 42 53 9.25 C3 < 45 7.5 C4 < 9.25 202 C5 < 7.5 3 20 5 C < 27 94 C7 < 5 43 Total 328 4 7. Average Compensation, International Oﬀers & PPOs Average Gross Salary ( in LPA* ).4 Average CTC ( in LPA* ) 3.38 Total Number of International Offers 7 Total Number of Pre-Placement Offers 59 * LPA = Lakhs Per Annum 8 of 5

8. Year-wise Placement Comparison Despite of the challenging market situations over the years, IITB managed to maintain good interest amongst the recruiting ﬁrms in the job market. Table 4. Comparison of students placed in 203-4 vs 204-5 vs 205 - vs 20-7 Program 203-4 B. Tech. Dual Degree (B. Tech. + M. Tech.) M. Tech. Total 400 225 390 25 204-5 205-20 - 7 35 39 397 394 93 2 85 89 387 402 429 39 945 04 0 979 203-4 205-204 - 5 20-7 440 430 420 205 370 30 40 Number of selections Number of selections Number of selections 380 95 85 400 390 380 350 75 340 5 30 2-a. B. Tech. Year-wise selections 2-b. Dual Degree ( B. Tech. + M. Tech. ) Year-wise selections 2-c. M. Tech. Year-wise selections 370 Figure 2. Year-wise selections for B. Tech. (2-a), Dual Degree (B. Tech. + M. Tech.) (2-b) and M. Tech. (2-c) 9 of 5

9. Sector vs. Department Oﬀers B.Tech and M.Tech maintained almost the same demand amongst various companies. Table 5. Sector wise statistics for different degree courses. Sector B. Tech. Dual Degree M. Tech. Others Analytics 32 23 34 24 Consulting 48 28 2 Education - 2 7 38 Engineering and Technology 90 48 83 24 Finance 8 44 4 FMCG 5 8 4 Public Sector Undertaking 3-8 Research and Development 37 49 2 IT / Software 73 Others 5 9 79 7 3 5 Total 394 89 39 35 Engineering & Technology, Finance and IT/Software were amongst the top hiring sectors for the B. Tech. Analytics Consulting Engineering and Technology Finance FMCG PSU Research and Development IT / Software Services 8% 2 % 23 % 2 % % 3% 9% 9 % 4% Figure 3. Sector-wise selection for B. Tech. 0 of 5

Core Engineering & Technology, R&D and IT/Software saw good selections for the Dual Degree students. Analytics Consulting Education Engineering and Technology Finance FMCG Research and Development IT / Software Services 2 % 5 % % 25.5 % 23.5 % 4% % 0 % 3% Figure 4. Sector wise selection for Dual Degree (B. Tech. + M. Tech.) Core Engineering and R&D came up with the highest selections from these sectors. Analytics Consulting Education Engineering and Technology Finance FMCG PSU Research and Development IT / Software Services 9% 3% 2% 4 % % % 2% 2 % 20 % 4% Figure 5. Sector wise selection for M. Tech. of 5

0. Internships 20-7 Over the course of the past few years, internships have become a major aspect in every student s personal growth and development. Internships give students tremendous understanding about various roles within a particular industry and helped them to select a well-informed career choice. This importance implies a need to provide more opportunities and variety to the student community. Keeping this in mind, the Placement Ofﬁce has accordingly improved the internship recruitment process, and even has a second team of coordinators dedicated to the development and execution of the internship process. The Internship Season 20-7 witnessed 07 offers from over 50 organisations. Companies have also beneﬁtted accordingly by giving around 20 Pre-Placement Offers, based on their performance during the internships of 205 -. Of these, 59 were accepted by students. Over the years, PPOs have been a new trend of hiring talent from IITB. The Internship Season 20-7 started in July 20 and continued till 30th May, 207. Students from a variety of programs participate in the internship process. Students of 2nd and 3rd year from the Bachelor of Technology (B.Tech.), 5 Year/2 Year Masters of Science (M.Sc.), and 5 Year Dual Degree (D.D) participate in the internship process across the departments.. Department-wise Internship Selections Table. Department-wise internship offers 205-20 - 7 Department 204-5 Aerospace 5 48 39 Chemical 29 7 58 Chemistry 2 22 Civil 99 95 98 Computer Science 57 20 87 Electrical 89 7 82 Engineering Physics 4 33 30 Energy 35 37 39 Mechanical 52 2 4 MEMS 0 2 7 Others 45 53 77 Total 034 047 07 2 of 5

Number of selections 0 50 00 50 200 250 Aerospace Chemical Chemistry Civil Computer Science Electrical Engineering Physics Energy Mechanical MEMS 204-5 205 - Others 20-7 Figure. Department-wise selections year-wise. 2. Summer vs. Winter Internship Oﬀers Total number of internships Summer internships 07 Winter internships 895 22 3. Companies vs. Universities Internship Oﬀers Total number of internships Company 07 97 University 90 3 of 5

4. Country-wise Oﬀers Table 7. Country-wise offers from universities. The best Foreign Universities across the globe have a huge demand of IITB students. Country Number of Internship Oﬀers USA 39 UAE Singapore 8 India Australia 7 Canada UK 8 22 Germany 28 Italy Hong Kong Portugal 5 Finland China 5 France Austria 2 Switzerland Luxembourg The Netherlands 5 3 Japan 3 Taiwan 3 Total 90 4 of 5

Table 8. Country-wise offers from companies. There has been a positive trend in international companies hiring IITB students as interns. Japan has been at the top in this list. Country Number of Internship Oﬀers India 899 Japan 2 USA 2 China 3 Dubai Total 97 5. Conclusion Campus Placement carried out in two phases during 20-207 were successfully completed and clearly demonstrated the demand of IITB graduates among the top recruiters in various segments of the economy. The success of the placement endeavour can be attributed to the outstanding quality of our students as well as the tremendous support provided by the Institute administration, academic units, faculty and staff, alumni, companies and other well-wishers. The recruiters appreciated the domain knowledge and training imparted to our students. The efforts of the placement ofﬁce including the student placement team, combined with the excellent academic system and opportunities for all-round development, has also contributed to establishing IITB as a preferred destination of recruiters and students. A majority of our past recruiters held their faith in our student s abilities and recruited in large numbers. This year witnessed several new organizations visiting IITB for the ﬁrst time and efforts needs to be taken to foster long-term relationship with all these organizations in near future. Campus placements will be more intensely sought by both companies and students due to increased corporate competitiveness, heightened student aspirations, a rapidly changing job market and an increasingly insecure global economy. This year saw several important headwinds in the business climate of Indian and International companies due to global events which impacted the placement process in the interim period. Internal factors such as selection trends and strict criteria for participating companies, and restricted participation of start-up companies were some reasons for fall in demand. 5 of 5