The placement season in the IITs has begun on a positive note despite the contraction in the economy. According to media reports, companies, including international firms are not only hiring big times, the pay package being offered, on some campuses, is more than Rs 1 crore. Technology firms dominated the selection drive on day 1.
IIT Kharagpur:
At least five students have bagged Rs 1 crore offer per annum. Not only this, the institute saw a 50 per cent jump in international placement offers, dismissing contention of a weak placement season, hit by sliding GDP growth rate. Offers from the public sector, in fact, grew three-fold, said media reports.
IIT Bombay:
Microsoft has made an international offer of Rs 1.18 crore per annum to a soon-to-be-graduate engineer. Likewise, Optiver has offered Rs 1.03 crore and Uber Rs 1.02 crore per annum.
Qualcomm, on the other hand, has made a domestic offer of Rs 32.6 lakh per annum; Google Rs 32 lakh and Goldman Sachs Rs 31.5 lakh.
The recruitment began on Sunday and since then 18 companies have participated in domestic placements.
IIT Madras:
More offers have been made by both domestic and international companies than last year. Companies such as Cohesity, Microsoft, cloud software firm Salesforce and Uber and other firms made over 102 offers, media reports said.
IIT Hyderabad:
The institute also received six international offers from companies like TSMC, SMS DataTech and NTT-AT, said business portal MoneyControl. It said the campus received a total of 37 pre-placement offers this year, almost double that of last year’s figure of 19.
The positive vibe in the campuses would have come as a relief for the placement officers, who, till sometime back, were unsure about the recruitment drive, especially when the economy is going through a recessionary phase.
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