Networking sites such as Twitter and LinkedIn and private equity firm Blackstone were among the new recruiters on day one of the placement season at the Indian Institute of Technology Bombay (IITB) on Saturday.
In all, 35 companies visited on day one with interviews scheduled to last until 2am on Sunday. Among the first day offers were those from Microsoft, Google, IBM, Samsung and McKinsey. IITB does not reveal the top salary offer, but said that salaries had gone up by up to 10% over last year, despite overall concern about the economic slowdown.
“It looks good, it’s better than last year,” said Avijit Chatterjee, professor in charge of placements.
Last year 34 companies had visited on the first day. The unconfirmed top offer last time was Rs. 63 lakh per annum.
In all, 1,300 students have registered for placements this time. Among the companies offering international positions are Samsung, Microsoft and Google, Facebook, Sony. Job profiles on offer include a mix of core engineering jobs, consultancy, banking, non-profit as well as teaching jobs.
Last year, when placements finally ended in June, 262 companies had made 1,060 offers to the entire batch of students.
The first phase of placements this time will end on December 18 and then resume in January next year. Around 200 students will not be participating in the placement process, said Chatterjee, largely on account of the fact that they have applied for further studies.
Public sector companies which had visited the campus last time will not be here this time as there is a pending court case.