IIT, IIM students a big hit with e-commerce firms
His love for online shopping helped Sachin Chandra get a job with a leading e-retailer. A computer science student of IIT Bombay, he is among the few engineering and management students who have got placed in e-commerce firms. He will be joining Flipkart as a software development engineer.education Updated: Dec 24, 2014 12:19 IST
His love for online shopping helped Sachin Chandra get a job with a leading e-retailer. A computer science student of IIT Bombay, he is among the few engineering and management students who have got placed in e-commerce firms. He will be joining Flipkart as a software development engineer.
E-commerce firms are definitely on a hiring spree this year. With Flipkart announcing the filing of an application with Singapore-based companies’ regulator ACRA to become a public company after raising $700 million for long-term strategic investments in India, e-commerce is set to grow further with internet penetration and consumerism.
“This may be because most of the e-commerce sites were started four to five years back and they need people who are smart and innovative. People who have experience in databases and all the topics related to e-commerce have a better idea about the problems that could arise and also have ideas to improvise the overall site experience. This is why they are hiring IIT students too. The average package would be somewhere around Rs. 12 lakh to Rs. 18 lakh per annum for software engineers, which includes employee stock option schemes,” says Chandra.
Students are being selected in areas such as online and offline marketing, brand management, technology development and analytics. From e-commerce majors like Flipkart and Amazon to start-ups like Housing.com and Urbanladder, a good number of IIT and IIM students are going for e-commerce jobs over other sectors. Reshmi S, a final-year BTech student in aerospace engineering at IIT Madras, got placed in Housing.com as assistant manager operations recently. “I chose Housing mostly because it was a start-up and the role seemed interesting. When I did some research about Housing, I got good reviews about the work culture and the company in general. Housing has seen tremendous growth. Even companies such as Flipkart and Ola have grown very fast,” she says.
Dhanesh Kumar, a student of IIT Bombay, did an internship with a major e-commerce company and feels he gained a lot from it. “I had an internship at Amazon this summer and received a full-time job offer from them in recognition of my performance during the internship. I will be joining my team as a software developer. The work culture was very productive, the team helpful, the work engrossing,” says Kumar, who has got a package of more than Rs. 25 lakh.
IITans were hired in good numbers by all e-commerce companies, says Kumar, adding that a technical background engineer can squeeze the last bit of performance out of an e-commerce portal, leading to better user experience. Also, there is lot of technical knowledge that goes in developing this kind of platform with many issues pertaining to server loads, millions of users and security.
IIM students too, are getting plum offers. Tanuj Madan, studying at IIM Calcutta, says “I did my summer internship with the operations department of Amazon and was awarded a pre-placement offer. The company set aside a commitment of $2 billion for its Indian operations in July. My internship in Amazon provided me with a great opportunity to learn. Amazon embodies an energetic and dynamic work culture. I was able to work with the finest minds in the industry learning the operational nuances of e-retail,” says Madan.
Amazon and Flipkart made 19 and 10 offers, respectively, during the recent placement process at IIM Bangalore
E-commerce major Amazon emerged as the top recruiter by making 22 offers in the summer placements for the 2014-16 batch of students at IIM Calcutta
Ola Cabs and Flipkart offered placements to 32 and 18 students respectively at IIT Madras
Ola Cabs hired about 40 students at IIT Bombay