IITs' push to broaden job profiles pays dividends with diverse offers

Hedge funds and trading firms outpace start-ups in placement drives

The Indian Institutes of Technology (IITs) are witnessing a surge of interest from hedge funds, proprietary and algorithmic trading firms, and investment companies during the initial days of their placement drives, which began on December 1. Students are getting offers ranging from ₹90 lakh to ₹3 crore, according to people aware of the matter.

 

This comes after several IITs have been pushing for a diversification of job profiles as roles move beyond just tech companies and start-ups, particularly with the advent of artificial intelligence (AI). For instance, IIT Roorkee received recruitment offers from hedge fund company DE Shaw