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IIT Placements drop by 4%

Author: Shreyansh Shrivastava
by Shreyansh Shrivastava
Posted: Dec 27, 2017

Increasing graduates are seen preferring to enter into entrepreneurship and having an interest in establishing startups in their passionate areas. Owing to this, campus placements have seem to have gone down by 4%. The placement in 17 IITs was 72.8% in 2014-15 which had gone up to 75.79% in 2016 and then further went down to 70.85% in 2016-17. IITs which determine admissions on the basis of exams like JEE Main and JEE Advanced had seen a lot of graduates indulging in entrepreneurship and beginning self-managed businesses.

The decline in the campus placement as evident is owing to the following reasons:

  • Market Conditions
  • Higher Studies Preference
  • Interest of students towards Entrepreneurship and Startups

Out of a total of 23 IITs, campus placements have taken up in 17 IITs, as the remaining six IITs had been newly established over a period of previous 2 years. A lot of offshore positions had also been offered in this year in comparison to the previous year from countries like Korea, Singapore, Taiwan, Japan and USA. IITs had allowed even Public-Sector Undertakings to visit the campus ahead of the placement season.

With a lot of startups like Flipkart, Travel Triangle, Exotel to mention a few worth 500-600 crores on an average fueled by IIT/IIM Alumnis, startups and entrepreneurship has become increasingly preferred by the ones graduating from IITs and IIMs. Initially, the interest for startups began in Mumbai and Bangalore, and now is moving towards Tier 2 cities, also being a part of the epicenter of this revolution.

E-Commerce has been on a lead in India particularly with brands like Zomato, BookmyShow, Snapdeal and Flipkart becoming major players in the field within a few years of their formation. India seems to have become the 4th largest community in terms of the number of technical products or digital startups. It has also been seen that more than 73% of the people behind such initiatives are aged in the range of 20-37 years.

Also, in addition to this, a lot of venture capitalists have expressed interest in starting ventures in India. India had witnessed a lot of such deals more than any other country like China or any other in terms of good volumes. Overall, the mindset and attitude of the people in India towards startups have improved greatly owing to which a lot of startups and entrepreneurship opportunities have opened up in India. Delhi NCR is the largest area in terms of startups, and revenue from startups followed by Bangalore and Mumbai.

With this favorable wave towards startups and entrepreneurship, more amount of business and investment is slated to happen in India.

About the Author

Shreyansh is a writer and blogger who writes Education related content. He believes that educational reformation is inevitable for Human Development and growth.

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Author: Shreyansh Shrivastava

Shreyansh Shrivastava

Member since: Mar 14, 2017
Published articles: 69

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