IIT Bombay records 40% jump in hirings

As the economy gathers steam, the domestic financial services sector is on a hiring spree and IIT Bombay has seen 40 per cent jump in campus placements, a senior university official said on Wednesday.

"All of them have recruited from us this year," chairman of placements at the Indian Institute of Technology-Bombay (IIT-B) Ravi Sinha told PTI.

IIT-B students have received 70 offers from 11 companies in the financial sector this year, Sinha said, adding, 'last year, the numbers were 40 per cent less.'

Sinha said despite financial engineering being seen in a negative light after the global financial crisis, students continue to show interest in financial firms, partly due to the presence of alumni in such firms.

The post-slowdown period also saw an increase in interest from management consulting firms with over 20 companies making 70 offers.

"Last year, companies were having a difficult time and we saw only one student recruited per company from IIT-B but this year, each company has made three to four offers," he said.