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IIT Bombay records 40% jump in hirings by financial firms

IIT Bombay records 40% jump in hirings by financial firms

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

“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% 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.

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