Higher pre-placement offers from top companies this year, IIT-Bombay set for robust hiring

Campus placements at IIT Bombay will begin on December 1.

As many as 96 offers have been made so far this year, while 88 were made last year. Placement season at IIT Bombay will begin on December 1.

With more pre-placement offers (PPOs) from top firms like Microsoft, DB(Deutsche bank), Facebook, Goldman Sachs, Samsung Korea and Sony Japan at IIT Bombay than last year, campus placements are expected to be robust this year. Experts said while intake had gone up across sectors, pay packages were also expected to be attractive. Campus placements at IIT Bombay will begin on December 1.

According to Avijit Chatterjee, IIT Bombay professor-in-charge of placement, 96 PPOs and nine pre-placement interviews (PPIs) had been made so far. Last year, the total number was 88. The other top firms that have made offers include ITC, Adobe, Amazon, Citi, Daikin, Shell, Tata Steel, Reliance, P&G and Mahindra and Mahindra. “These are students who have been tried and tested by the companies during their internship. The compensation packages are bound to be competitive,” said Chatterjee.

The institute’s placement team has also engaged three external agencies to gauge students, who have registered themselves for campus placements, on multiple parameters as well as their placement preparedness. Further, the deferred placement policy of IIT-Bombay, one of the few institutes in the country to have introduced such a scheme in 2012, has 11 students who have been selected this year for it, a massive increase from one last year and none in the first year. These students can come back and be part of the 2016-17 campus placements of the institute if their venture does not work out.

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The other IITs too, meanwhile, have seen a similar trend this year, with larger number of PPOs from big companies as compared to last year, indicating a better hiring season.

With multiple national and international offers, IIT-Kharagpur has received 109 PPOs and two PPIs. It expects the overall figure to increase by another 35-50 till November-end. In 2013, the institute got 126 offers in all. “Most offers have come from core engineering, IT and finance sectors. The companies include Google, Facebook, Microsoft, Schlumberger, Deutsch Bank, Amazon, Goldman Sachs, HUL, ITC, Samsung, Shell, Qualcomm, RIL and Credit Suisse, among others. The compensation amount is likely to be higher than last year,” said Sudhirkumar Barai, Chairman, Career Development Center (CDC), IIT-Kharagpur.

Similarly, the numbers have seen a massive jump at IIT-Kanpur from 48 last year to 101 till Diwali. As many as 62 PPOs have been made so far at IIT Madras as opposed to 68 in all last year.

With 51 PPOs expected to go up to 60, Manish Arora, general secretary, placement team at IIT-Guwahati said the expected averages were likely to go up at least for CSE and Mathematics and computing branches. In 2013, the institute got 49 PPOs.

mihika.basu@expressindia.com

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