Engineering

Engineering

IITs witness 20-30% rise in job offers in phase 1 of placements

PUBLISH DATE 10th December 2017

The first phase of placements at the Indian Institutes of Technology (IITs) this year is already turning out to be better than last year. A week into the first phase, most IITs have seen a 20-30% rise in jobs offered to students compared to 2016.

At IIT-Madras, close to 65% of the 1,100 students who registered for placements have already received job offers. Last year, just about 45% students had bagged job offers in the first week. Similarly, of the over 1,300 students (undergraduate and post graduate) who had registered for placements at IIT-Roorkee this year, more than 50% students have already been placed in the first week itself.

The institute has received 681 offers, including 13 international offers, which is 21% higher than 562 offers received by the institute in the first week last year.

“Our strategy was to seriously cater to core companies, and this has made a big difference to the overall placements,” said N P Padhy, placement in-charge, IITRoorkee.

Numbers of international job offers have been on a rise at IITs across the country this year. At IIT-Delhi, close to 20 students were offered jobs from international companies on the first day itself. These offers have mainly come from companies in the US, Hong Kong, Amsterdam and Japan among others.

“In the first three days itself, we received over 47 international offers and that combined with pre placement offers took the total count of international offers to 60. This was a rise by almost 20% compared to last year,” said a member from the placement team at IIT-Bombay.

IIT-B has also witnessed a 20% rise in the number of international job offers received by their students this year.

“Not only has the highest salary package increased by almost 40% this year, even the average salary offered across the batch has been much better than 2016,” said a senior professor from IITBombay.

Microsoft offered the highest salary package of ~1.39 crores per annum to an IIT-B student this year, followed by Uber with an annual salary package of ~99.87 lakh. Last year, the highest salary package stood at ~1 crore.

The first phase of IIT placements, which stared on December 1, will go on till December 15 this year. The second phase will begin in January 2018 and last till June 2018.

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