Uber, Mastercard, P&G and PayPal among new entrants to IITB placements | mumbai news | Hindustan Times
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Uber, Mastercard, P&G and PayPal among new entrants to IITB placements

The list of companies for the first two days of the placements — when most of the coveted offers are made — is similar to the last year.

mumbai Updated: Dec 01, 2016 10:30 IST
Musab Qazi
This year marks the re-entry of Public Sector Units (PSUs) with six companies already registered for phase one of placements.
This year marks the re-entry of Public Sector Units (PSUs) with six companies already registered for phase one of placements. (HT Photo)

The first phase of placements at Indian Institute of Technology Bombay (IIT-B) will be led by financial services firm Visa and IT giants Microsoft and Google. They are scheduled to conduct interviews and make offers on Thursday — the first day of the placements.

While the list of companies for the first two days of the placements — when most of the coveted offers are made — is similar to the last year. There are some notable additions such as app-based aggregator Uber, fast moving consumer goods (FMCG) company Procter and Gamble. They are both slated for day one. Other companies such as financial services’ firm Mastercard and e-wallet firm Paypal - would visit the campus on the second day, claimed sources.

This year marks the re-entry of Public Sector Units (PSUs) with six companies already registered for phase one of placements. Companies like Oil and Natural Gas Corporation (ONGC), Bharat Petroleum Corporation Ltd (BPCL and Bharat Electronics Limited (BEL) will be visiting the premier institute for the first time. While ONGC will be conducting interviews on day one, the Indian Space Research Organisation (ISRO), which was part of the second phase of placements at IIT-B last year, will be conducting interviews on the second day. E-commerce giant Flipkart, which had made seven offers on the second day of placements last year, is absent from the list of companies scheduled for placements on first two days this year.

Last year, Visa had offered the highest base salary of $115,000 per annum while Google, Microsoft and Oracle, reportedly, offered around $1,00,000 a year as base salaries to a few students who were selected for US profiles. According to placement coordinators, about three companies may offer US profiles this year, although they refused to divulge their names. “Usually, the Japanese companies offer the highest number of foreign profiles,” said a placement coordinator.

The first phase of IIT-B placements will continue till December 15 and will be attended by more than 300 companies this year. Interviews will be conducted in two slots—8am to 4pm and 6pm to 2am. Close to 1,500 have registered for placements and deferred placements have been offered to six students this year. Officials from IIT-B confirmed that till date, 125 pre-placement offers (PPO) have been made to students on campus and the highest registrations are in the core engineering sector.