Its placement season and there is good news for the IITians. The first phase of placements is ongoing at the various Indian Institute of Technology campuses and a jump of more than 30% (as compared to the previous year), is already witnessed by the topmost institutes. This comes as a huge relief after the previous year’s slack in terms of placements. The placement offers are coming from around the globe.
IIT Kharagpur is leading the race with a whopping number of 900 candidates with job offers; and IIT Roorkee comes a not-so-close second with 644 offers. IIT Madras has reached the 65% mark for placements and IIT Delhi has close to 500 offers. The first week of placements has already seen 50-65% placement offers through all the institutes.
The reigning companies in the market such as Microsoft, Uber, Goldman Sachs, Samsung, Rubrik, Hitachi Seisakusho are some of the biggest names lining up to hire from the IITs. Amongst all, Microsoft is one company which is wooing the candidates with most sumptuous offers. Rumors are that packages upward of 1 crore have been offered to a few candidates.
The candidates are being offered various positions in top notch offices across the globe, most notably USA, Japan, Taiwan, and Singapore as well as some of the best offices in India.
This year has seen a remarkable growth of the IT industry and most of the offers have been to secure the technical talent from the IITs. A Times of India report mentioned that ‘Intel has picked up an entire class size of 59 from IIT Kanpur and another 32 from IIT Delhi. IIT Bombay has also seen a massive uptake of technology-related jobs with Samsung bringing in the maximum offers of 45. Microsoft has picked up 23 students from IIT Roorkee apart from others from IIT Bombay and IIT Delhi.’
NP Padhy, Placement Head at IIT Roorkee said, “I am seeing a growth in core and IT field.
The bulk recruiters are very cautious. When they are getting good slots and meeting our nine-pointers with an
internship experience abroad and carrying a resume with an idea, they cannot stop themselves from recruiting them.”
On an average, the IITs see around 75% placement offers. This has been the trend for the past many years, excepting the last year. However, the first week of December 2017 has rebuild the re-assurance that the IITs are back on track with the placement offers. “Last year, hiring at the IITs had slowed down. But according to early trends, this time around we are headed back to at least 75% placement numbers.” says Debasis Deb, Chairman, Career Development Center at IIT Kharagpur.
The first phase of placements at IIT will conclude by 15th December 2017 and the second phase of placements would begin in January 2018. Most IITs are hopeful of reaching an all-time-high number of placements this year as the first week has been promising and the offers are expected to continue.
This year, it has not been only about the number of offers, but the amount of package offered as well. The general trend has been a 10-15% rise in the base packages as compared to the previous years. The international jobs are offering way more moolah than their domestic counterparts, for example: Rubrik, US-based cloud data management company, is offering Rs. 74 lakh or $115,000 for the US-based jobs. The same company, however, is offering a package of Rs. 30 lakh for domestic job offers.
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