As private jobs shrink, IITians look to PSUs
The number of private job offers for graduates across the Indian Institutes of Technology (IITs) has dropped in the last two years. While 7,367 students were placed in 2015-16, only 6,406 got the opportunity in 2016-17.
According to the data shared by 17 IITs with the Ministry of Human Resource Development, 67 per cent students were placed with private companies in 2016-17 as opposed to 80 per cent in 2015-16.
Also, in the last two years, the number of students going for jobs in Public Sector Undertakings (PSUs) has increased. The exact data regarding this is not available with the ministry as PSUs directly inform the candidates and not the placement cells.
According to official sources, however, 800-1,000 students have been opting for PSUs in the last two years, which is much higher than the previous years, when 300-400 students across IITs would go for a PSU job.
This shift in placement trends might have happened because of the lack of opportunities in private firms, many of which laid off their employees recently to protect their margins after the demonetisation drive.
But, at the same time, the Central government might also have been pushing for more participation by PSUs. The issue was discussed in recent …read more