Placements in IITs...Companies Perspective has to be changed about IITians for mutual benifit.

Here is the brief scenario of how placements are going in IITs especially IIT-Madras. At out set, I can state that "Economical Crisis is making few corrections in the industry regarding distribution of students"

The number of students that are getting placed has been down drastically. Statistically, around 700 outof 1050 students got placed at the same time by the last year. In this year, by now, only 500 out of 1050  students got placed.  Its not at all possible to achieve 100% placements at any year at any effors. The reason is 'Nothing is perfect'.  Last year, 95% in B.Tech, 87% in M.Tech and 26% in Ph.D got placed.  You no need to consider Ph.D in placements due to several reasons like their uninterest, their research profile.

The question is "How many will get placed by the end of this academic year?"

[caption id="attachment_141" align="alignright" width="300" caption="Its a big challenge for IITians and companies too."][/caption]

Before answering this, let me explain what is the problem with placements in this year. There are somany factors where we can look of like No. Of companies, Companies intake, economical crisis, Companies perspective about IITians.

Last time, 270 companies visited out IIT-madras. Out of these, approximately 170 have been turned up this year. During placements, out of these 170 about 25 companies bounced back. Still, there are about 225-250 companies are coming this year. Why.... The reason is there are about 90-100 new companies have been visiting. Again, what is the problem with placements. The problem comes here. Last year, for example,  a company 'X' came and recruited about 15 members. The same company came this year also, but intake was about 5 members.

Right now, we can't say anything. But by the end of january-2009, may be 65% students will get placed. This is because of certainity about companies that we have till jan-09, But what is the condition from Feb. ?????? So many uncertainties.

So, there are lots of lots of chances for few intelligent students to be left without being placed. Till last year, any student especially from B.Tech & Dual preferred financial companies, consultancy companies to core comps. Whereas, M.Tech do prefer Core at any situation. As there are no finance/ consultancy companies, these Dual students became competition to M.Techs. This is one of the reason for not having good placements for Masters.

So lot of masters, few duals, few btechs are left. Companies can turn up to these guys.  As, they can be recruited with low salaries. This will be benificial to companies also. At the same time, student will look forward to join in the organisation as there are no other big chances. Chance for going higher education is also less. Because, only those who are 9 or 10 pointers will go to pick up other options like Ph.D.However, Ohers cann't and don't.

It is the opportunity for the companies to energise its man-power for bringing in brilliant future to the company  in the days to come, especially for medium size companies. If companies realises the situation, as few companies did, it will take no longer for 100% placements.