Mumbai : Nikhil Pai, a chemical engineer at IIT Madras, will not be placed with the rest of the batch and will instead work for the fledgling startup.
“I would like to work for a startup that has 10-15 employees and is committed to social innovation, and I am talking to some of those companies,” said the 23-year-old from the 2023 batch. she said.
“They are still too young to come to campus and their salary is far from what I get from my employer, but if I want to have my own startup in the future, I need to take this step. There is,” he added.
A growing number of Indian Institute of Technology (IIT) graduates, including Pai, are opting out of the recruitment process to sit for civil service exams or grow their own startups.
Recruiting teams are freaking out amid fears of a global recession.
“My family was worried at first, but I didn’t take this step in a hurry. At the end of my second year, I want to participate in business development to learn if it will be profitable from the beginning.” I was determined,” says Pai.
Several of his classmates have opted out of the placement process to pursue higher education or have their own startups.
“Ten students have opted for the institute’s deferred placement facility. The deferred placement facility is available for students who wish to set up a startup after graduation,” said IIT Delhi.
“Students who choose the deferred placement option can use the placement service once within two years of availing this option, i.e. until 2024-25 for the current set,” the university said Dec. 15. As stated in the current deployment report.
The placement season at the IIT started on December 1st with many companies, especially high frequency trading (HFT) companies offering the above salaries. ¥100 million per year.
Some new IITs are seeing more students opting for deferred placement compared to the 2022 batch.
“Students can opt for deferred placements, primarily for higher education, UPSC exams, and entrepreneurship. Last year, 11 students opted for deferred placements, and 20 this year.” said Lalit Pandey, Head of Career Development Center at IIT Guwahati.
At IIT Mandi, two students opted for an unprecedentedly postponed placement.
The placement office said it would cross-check the postponed placement proposals before accepting them.
“Students submit proposals and we check the viability of ideas. Usually it is a startup that they want to incubate and we give them the option to put it on campus. It explains the risks their ideas might encounter,” said a senior placement officer at one of the older IITs.
Interestingly, recession clouds haven’t deterred startups and e-commerce companies from making the frontiers of IIT campuses. ¥150,000 rupees ¥350,000 rupees.
In a recruiting race for an expanding team, they competed against domestic consulting firms and high-frequency trading firms.
Placements at IIT last from April to May.
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