In a first, the Indian Institute of Technology, Bombay (IIT-B) has managed to place more than 500 students in the first three days of the placement season, a 25% rise compared to last year. In the same time frame last year, about 375 students were placed.
The number of offers made by the companies has seen a rise, lifting the spirits of students and placement committee alike. “The offers have been more than usual this year. Even on day one, a larger number of students were placed as compared to last year, which indicates a good placement season ahead,” Avijeet Chatterjee, professor-in-charge of placements at IIT B said.
Recruiters say that the growing economy demands fresh untapped talent, which has prompted them to invest in IITians. The largest recruiters so far have been global firms like Microsoft, Visa Inc. and Intel with more than 20 offers each.
While Software and IT majors picked up talent on the first two days, almost 50% of the companies that visited campus on day three were core and manufacturing firms like Toyo, Rolls-Royce, Tensilica, Cypress and GlobalFoundries, among others.
On an average, all companies offered five to six students jobs, mostly for domestic positions. In all, 88 students were offered jobs in the first slot on Wednesday, where the much –awaited e-commerce firm, Flipkart made offers to 15 people for a package between Rs8 to 10 lakh. Ola Cabs, another start-up recruited 20, emerging as the largest recruiter on day three.
Among international offers, GulfTalent, based in Dubai has made offers of Rs32 lakh per annum to 4 students, the highest on day three. However, some companies did not recruit any student from campus owing to internal issues, like the Pune based company Silverleaf and Bangalore’s Codenation.
Companies on day one:
Google, Microsoft, Facebook, General Electric, Airbus, Samsung, Sony, Mckinsey, Shell, IBM, Goldman Sachs
Companies on day 2:
Yahoo Japan, Flowtraders, Samsung R&D, Housing.com, Abbot, Intel, Citi, BayerCrop, Amazon, NEC Japan
Companies on day 3:
Flipkart, Ola cabs, GulfTalent, KPMG, Morgan Stanley, Cypress, Target, Ernst&Young, Uhuru