IIT-B placements Day 1: 29 companies, 130 jobs | mumbai | Hindustan Times
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IIT-B placements Day 1: 29 companies, 130 jobs

When placement interviews ended at the Indian Institute of Technology-Bombay at 2am on Friday morning, around 130 job offers had been made in all from 29 companies who visited on Day 1.

mumbai Updated: Dec 03, 2011 02:03 IST
Bhavya Dore

When placement interviews ended at the Indian Institute of Technology-Bombay at 2am on Friday morning, around 130 job offers had been made in all from 29 companies who visited on Day 1.

The number of offers made on the first day this year exceeded the 119 job offers made on Day 1 last year. The increase in the number of offers comes despite the uncertain global economic conditions.

Placement interviews proceeded briskly on Friday, the second day of interviews, with around 29 companies visiting to interview students. Friday will also see the process last until 2am. Unconfirmed reports said that 60 offers had been made in the first slot.

“It’s been going well so far, and Day 2 has also been good,” said Ravi Sinha, professor in charge of placements at the institute.

Sinha did not divulge which companies had made offers and what kind of packages they were offering. “These things are immaterial, we want to de-emphasise this aspect,” said Sinha.

However, buzz on campus suggests that the higher offers came from Facebook, Google, both tech giants, and Optiver, a financial trading company and new recruiter on campus. The pay packet on offer reportedly crossed Rs50 lakh per annum.

Companies that visited on day two of placements included American Express, Adobe, Morgan Stanley and Amazon. Around 25 companies are expected to come to campus on Saturday and Sunday.