New IITs are Facing Trouble to Get Attention from Recruiters

This placement season, many of the new Indian Institutes of Technology (IITs), are facing a stiff competition in getting enough attention from recruiters. They are playing hard to have their students get picked for a well-settled career.

Most institutes are letting the recruiters take their as much time as they need to select the desired students, despite having little space, insufficient resources and low scope of negotiations to make.

Though this ongoing third edition witnessed better placement scenario than previous ones, yet young IITs are struggling to attract firms to offer job prospects to them.

A placement officer from a newer IIT told that those companies who earlier have already come for placement but did not select any student have not looked back this season. All the while, the students who rejected companies offers in the earlier batch, refused to register again. Besides, the gloomy economy can also add up to the bleak job offer factors.

Faculty of IIT Patna told about the companies taking tests of students and most of them not turning up for the second interview round.

Placement in IIT-Jodhpur commenced on December 1 in sync with others, observing 5 companies - Morgan Stanley, Cognizant, Cisco, Samsung and Oracle offering jobs at their Indian offices. However, these many recruiters are still insufficient and students from mechanical engineering department still need to be picked. To accommodate recruiters the IIT-Jodhpur had to rent 3 blocks of the Jodhpur University.

Up till now Cognizant has selected 7 students from IIT-Jodhpur which makes it the largest recruiter and Morgan Stanley offered the highest salary of Rs 13 lakh per annum.

IIT-Gandhinagar with 44 M.Tech students in addition to 120 final year graduates is expecting 21 registered companies to arrive on its campus for placements, most of which were IT firms. Of the 21, 19 companies have visited and made 39 offers. The maximum students were picked by E-clerx i.e. 12 students.

No slowdown at placements, IIT-K students bag $210,000 pay package

No slowdown at placements, IIT-K students bag $210,000 pay package

Engineering graduates from the Indian Institutes of Technology (IITs) have been getting extremely lucrative job offers from MNCs as well as Indian companies despite the poor state of the economy. The number of companies visiting IIT campuses has gone up this year and several graduates have landed jobs with pay packages of several lakh rupees.

The highest pay package is as high as $210,000 per annum, which has been offered to three students of IIT-Kanpur by Oracle US, confirmed sources in the placement team.

Earlier, there were reports that two of them had declined the offer given by the Oracle US and instead took the Job at Google, but sources confirm that none of the students declined any such offer.

  

The highest domestic package at IIT-Kanpur is Rs 40 lakh per annum, which has been offered to three Computer Science graduates, according to sources. However, they declined to divulge any information about the company's name.

Meanwhile, amidst the good news a few students have been left disappointed as they were eyeing Facebook. However, the social networking firm is not visiting the campuses this year, placement co-ordinators said. Facebook had offered lucrative packages to students in the last few years.

Though, a student of IIT-Bombay managed to get a pre-placements offer (PPO) from Facebook.

Flipkart has picked 36 students while EXL Services has offered jobs to 34 students. At least 250 IIT-K students had accepted the job offers till now.

Google USA, Orcale USA, Linkedin USA, InMobi, EXL Services, Flipkart, Mitsubishi Japan and Sony Japan are some of the companies amongst others which are participating in the placement drive at IIT-Kanpur.

Over 80 companies have visited IIT-Kanpur till day 5th of the placements and a total of 250 domestic and international companies will participate while in IIT-Bombay 230 companies will visit the college.

The number of startups participating in the placement drive has also increased. "Many startups have requested to participate in the placement drive and students are also willing to join them. The packages they are offering are competitive and even some start-ups are paying higher than many big companies," said IIT-Bombay Assistant Placement officer SK Mehta.

To meet the demand of companies and with the large number of participants, IIT-Bombay college is conducting the interview at a separate 10 storey building for the first time. "We are using 10 storey building for conducting placement drive. More than 170 rooms are being used for the interviews," said Mehta. The placement interview generally goes on till 2 am in the initial days.

In four days, 123 domestic and international companies have participated and made 495 job offers. Samsung has picked 42 students, Goldman Sachs 16 students, Microsoft offered jobs to 9 students, ITC to 7 students, Microsoft Taiwan Semiconductor Manufacturing Conductor to 18 students, US-based Epic to 18 students.

First phase of placements at IITs have started on December 1 and will continue till December last second week. The number of companies visiting the campuses is between 200 and 250 in the top IITs.

Crore-plus packages back at IIT-M but Google not offering the highest

After a gap of three years, crore-plus salaries are once again back at the Indian Institute of Technology, Madras (IIT-M). Two B.Tech (final year-computer science engineering) students at the premier institute got offers of $210,000 (Rs 1.31 crore) each for international roles at a US-based company. 

The dollar package has risen 40 percent from $150,000, while domestic offer this year increased by nearly 70 percent to Rs 48.6 lakh a year against Rs 28.8 lakh last year, according to Lt Col (Retd.) Jayakumar, Deputy Registrar (Students and Placement), IIT-M. 

While Google offered packages of Rs 92 lakh to three students, a report in The Times of India said Oracle topped the list with the crore-plus packages. AFP Samsung Electronics, Epic, Microsoft India R&D, Oracle, LinkedIn, Deutsche Bank, ITC, and Google were some of the companies that visited the campus. 

About 100 students got placed in 25 multinational companies on day one of this year’s placement season which began Sunday. Last year, 22 companies recruited 95 students on Day One. As many as 1,366 students had registered for placement this year whereas it was 1,282 last year. According to a report in The Times of India Microsoft and Google are likely to unveil compensation packages of around $110,000 (Rs 68 lakh) to shortlisted candidates at IIT-Bombay. Google has offered $120,000 (Rs 74.8 lakh) at IIT-Guwahati. 

Google US also offered the highest pay of around Rs 93 lakh at IIT Kharagpur. Across IITs, the top offers have come in from the likes of Schlumberger, Mitsubishi, Apple and Oracle, and Indian start-ups such as Zomato.