IIT-B recruitments: Students placed may cross 1,000 in 1st phase | mumbai | Hindustan Times
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IIT-B recruitments: Students placed may cross 1,000 in 1st phase

With the first phase of placements at the IIT-B nearing an end, the total number of students expected to be placed could reach the 1,000 mark, a rise of more than 10% compared to last year.

mumbai Updated: Dec 18, 2014 22:37 IST
Omkar Gokhale

With the first phase of placements at the Indian Institute of Technology-Bombay (IIT-B) nearing an end, the total number of students expected to be placed could reach the 1,000 mark, a rise of more than 10% compared to last year.

Mohak Mehta, placement manager, IIT-B, said, “By Thursday, 998 students have been recruited. And with some more firms conducting interviews on Thursday, the number of students to be placed could cross the 1,000 mark. Last year, more than 890 students were placed at the end of the first phase.”

“Also, there will be an increase in average salaries offered - it is likely to cross Rs9 lakh per annum compared to last year’s average salary offered Rs 8.3 lakh per annum,” Mehta added.

Last year, IIT-Kharagpur set a record among all IITs with 1,010 students securing jobs in the first phase of campus placements. The second week of first phase of placements at IIT-B saw a good mix of core engineering firms, start-ups and financial consultancies picking up students in double digits.

These companies include Shapoorji & Pallonji Engineering & Construction, Amana, Dar Al, Thornton Tomassetti, Mahindra & Mahindra, Tata Steel and Larsen & Toubro among others. Also, companies such as Meru Cabs and financial consultancy firms, including Price Waterhouse Coopers and Deloitte, have recruited students in double digits.

Avijit Chatterjee, professor in charge for placements, IIT-B said, “With the increased hiring by start-ups, e-commerce and manufacturing sectors, there is a rise in number of jobs offered by more than 10% compared to last year. At IIT- B, as many as 100 new companies, including e-commerce and start-ups, have registered for placements this year.”

Around 700 students were hired at the end of the first week of placements which started on December 1. Last week, most multinational companies hired in two digits. Start-ups such as Ola Cabs hired around 50 students and Flipkart picked 20 students from the campus.

Around 1,600 students graduating from various academic programmes had registered for placements this year.