The campus placements of Indian Institutes of Technology (IITs), which began on Friday looked promising, unlike the previous year, with pay packages above Rs 1 crore being offered to students. This year’s placement saw top companies like Apple and Nasdaq, making their debut at IITs, and IT giant Microsoft offering a handsome pay package of around $215,000 which is roughly equivalent to Rs 1.39 crore per annum. With this high package, Microsoft offered to hire three from Roorkee, in addition to that, two offshore offers, and eight domestic offers were made at IIT Guwahati. However, IIT Bombay and Madras refused to disclose details, as reported by The Indian Express. Besides, Tech giant, Apple, made offers of Rs 15 lakh per annum and is reported to have visited IIT Madras and Guwahati campuses.
In its debut, Nasdaq hired students from the IIT Madras campus. Meanwhile, Investment banking firm, Blackstone, made the highest offer of Rs 44 lakh for its domestic positions. The offer varied for different campuses with IIT Guwahati being offered Rs 35 lakh and Bombay being offered Rs 45 lakh. This year, the first day of placements have made students on the campus happy and hopeful as last year, saw a plunge in the offers being made. Speaking about this brilliant response, placement officials said that the first day of the placements looked promising unlike last year, which saw a slump in the number of offers. N P Padhy, professor-in-charge of training and placement said, “By the end of the first slot at 4 pm, 99 students were placed, up from last year’s 77.
At Guwahati, 100 students were placed by 8 pm and another 40 offers were in the pipeline. By 8 pm, around 263 offers had been rolled out at IIT Roorkee.” The students and the staff are hoping for the next session to carry on the same spirit, with more offers coming in and higher placements. The list of companies that visited the IIT Madras campus are: Apple, Microsoft, The Boston Consulting Group, Texas Instruments, Goldman Sachs, Samsung Research, IBM Research, ITC Ltd, Alvarez and Marsal, Auctus Advisors, Dalberg Advisors, Indeed India Operations, Uber, and Procter and Gamble. First-time recruiters Rubrik and Nasdaq. Meanwhile, startups also visited the campus but made fewer offers.