The first phase of placements at the Indian Institute of Technology has seen students junking international offers to work for domestic companies at a lower pay.
Since the placements began on December 1, four students who were offered jobs in foreign locations, out of the total eight, rejected them. The pay package ranged between $100,000 and $140,000 (Rs. 60,00,000- Rs.84,00,000) per annum. Instead, they opted for domestic offers where, according to the college, the pay was much lower. But, the college refused to reveal the figure.
“We have had eight international offers as of now and half of the students turned down these offers with fat pay packages. This signals a change among students who now prefer to stay in the country and work here. These are initial trends and we have to see how it turns out in coming days,” Anishya O Madan, industrial liaison officer at IIT, told HT.
So far, 275 students have accepted job offers, said Shashi Mathur, professor-in-charge of the Training and Placement Cell. “Some of them were preplacement offers given to students while they were interning,” he said.
Madan said the mix also included a good number of start-ups. “There are quite a few startup companies coming for placements at the IIT-D. We try to have a mix of companies from all kinds of sectors, including consulting firms, banking, coding and core companies,” Madan said.
Forty companies came for placement on the first day, while 38 each came on the second and third days, Mathur said.
The first phase of placement session will continue till December 19. The next phase will start in January and go on till June end. “In the ongoing session, we will have around 1,200 students sitting for placement,” he said.