1 in four IIT-B grads wants to be entrepreneur in 5 years: Survey

One in four students from IIT-Bombay's graduating batch of 2014 sees himself as an entrepreneur five years down the line, says a survey. While that may be on expected lines, 10% of the respondents said they want to work in the government or even join politics, in perhaps an indication that the perception among IITians about these fields—traditionally considered not very attractive—may be changing for the better.

In another surprise, considering the general perception that IITians are a highly focused lot, 15% of the students surveyed said that they were clueless about what they want to do five years after graduation. The survey, conducted by the students' media body for their in-house publication, Insight, also found that about a fifth of the students want to get into research.

The survey revealed that 40% of the students wished to move to the US after graduating, while 35% wanted to work in India. While the US was their top destination to work after graduation, only 8.5% actually want to settle there. On the contrary, 71% want to settle down in India .
But only 21% of the students managed to get opportunities in the US. Mumbai is the preferred work city of choice in India, followed by Bangalore and Delhi.


When the batch graduated last year—the time the survey was done—less than 5% had their own entrepreneurial venture; 25% was into higher education/research and an equal number was employed in technology firms. The findings showed that while not many students who initially chose research, finance and consultancy wish to continue in the same line, the number of those looking to set up their own businesses or wanting to join government sector rose. More than half (60%) of the graduates surveyed said that they would have picked jobs in core sectors, or the traditional engineering fields of civic and mechanical, if there had been enough opportunities.

Mohak Mehta, who graduated this year and was the placement manager last year, said entrepreneurship is the current flavour, which is why it is at the top of everybody's mind. "When you look at the resumes of IIT-B students and, to some extent, even IIT-Delhi, you will notice that at least one in five or one in six have either worked on their own start-up ideas or have worked in a start-up during their stay on the campus. The students are well-connected with their seniors and alumni and their ideas influence the current students to a great extent."

While around 35% students said that they just wanted to get a decent CPI (cumulative performance index) in their academics, 45% said they were disappointed about their expectations from the department while entering IIT-B. "The conducted survey of the outgoing seniors has yielded a lot of information. The results have given us an insight into various aspects of their lives during their stay here, including academics, beliefs, habits, relationships and internships, not to mention their hopes for the future," said Niranjan Thakurdesai, one of the chief editors of the media body. Mihir Kulkarni, also from Insight, said, "Some common beliefs were validated, and some misconceptions were dispelled in the findings."

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