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The Ongoing IIT Bombay Placement Scenario till Day 3

Dec 4, 2013 17:35 IST

    Indian Institute of Technology-Bombay on the third day of its placement program witnessed highest international offer of this season as MEC Japan has offered jobs to 5 students at an annual salary of 5 million yen, which is around 30 lakh in INR.

    The native recruiters came to offer jobs comprised of power management company Eaton, Intel, MorganStanley tech division, Ernst & Young and Cadbury.
    Avijit Chatterjee, placement faculty in charge, informed that on day 2 approximately 331 offers were made and this year the institute is doing a bit better than the previous placement season.

    On Monday, Epic, was the highest international recruiter which is a healthcare software firm. Epic offered job opportunities to 18 graduates from IIT-Bombay, 20 from IIT-Kanpur whereas picked 12 students from IIT-Kharagpur. The basic yearly salary offered by Epic is about $ 90,000, though other allowance when added to the basic salary made it $1, 10,000.

    At $80,000, an American analytics company, Idea S hired2 students. Other software firms, Samsung India and Xerox also hired many students. This year’s average salary is noted as Rs 17 lakh, as informed by a placement committee member.

    Companies ranging from financial sectors such as American Express, Nomura, Axis Securities and Capital One also hired students from the IIT-Powai campus with an average annual salary offer of Rs12.5 lakh.

    Flipkart also had 26 offers for IIT-Kharagpur, noted as the highest across any IIT. American Express, Citi Corp Services, Housing, VMWare and Nomura were also the chief recruiters.

    Domestic firms were in lead with offers at IIT-Kharagpur on Day 2. All In all, total of 71 offers by the end of 2nd day were noticed, paying an average salary of Rs20 lakh.

    At placement session, recruiters were deeply considering and taking time to select their future employees. The Interviews went beyond deadlines and so did the results since result of day 2 wasannounced on day 3 at most IITs.

    Huge firms such as Flipkart, Oracle, Tata Motors, Amazon, Cisco, Deloitte, Strand Life Sciences, Freescale Semiconductor and Infosys, etc.with having multiple profiles to offer went to IIT-Madras. On day 3 there were 18 profiles,informed Lt Col (Retd) Jayakumar, deputy registrar (students & placement) at IIT-Madras. This year, IIT-Madras planned on holding placements on first two days itself, although in multiple sessions, told Jayakumar.

    By now, offered salaries by International firms went up as high as $2, 10,000 per annum while highest offer made by a domestic company is Rs.48, 68,000 per annum at the IIT-Bombay.

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