IITs beat pandemic blues in placement drives with record job offers, high salary packages

By: PTI | New Delhi |

Updated: December 3, 2020 2:37:35 pm

With a record high in pre-placement gives, many college students have already bagged gives as high as Rs 1.54 crore from worldwide firms. Representational picture/ file

Indian Institutes of Technology (IITs) throughout the nation have kicked off their placement drives with record job gives and high salary packages, beating COVID-19 pandemic blues. IIT-Delhi college students bagged over 300 placement gives, together with pre-placement gives (PPOs), by the top of the primary day of the primary part of the placement season.

“Given the situation this year, a new company scheduling paradigm has been conceptualised for a smooth placement process. This is to create an optimum environment for both the recruiters and the students for a seamless selection process. Given the fact that all selection processes are being conducted in a virtual mode this year, the entire interview process would span a single day instead of multiple shifts unlike past years and many other campuses,” an IIT-Delhi official mentioned.

“What this translates into is that the spread of companies will be more across days. This process will give ample time to recruiters to make selection judgements to facilitate the right fitment both for students and recruiting organisations?” the official added.

With a record high in pre-placement gives, many college students have already bagged gives as high as Rs 1.54 crore from worldwide firms. The packages for home firms have additionally seen a pointy rise to about Rs 80 lakh this 12 months for all prime IITs, together with IIT-Madras, Bombay, Roorkee and Guwahati. In IIT-BHU, 217 college students have bagged jobs with annual CTC starting from Rs 11.5 lakh to 64.27 lakh. Last 12 months, it was Rs 10 lakh to Rs 58.21 lakh.In IIT-Madras, a complete of 123 gives have been made by 222 firms throughout day one’s session, larger in any of the previous years.

“The year 2020 has seen the placement process happening online and the number of recruiters joining the virtual placement has been very encouraging despite the pandemic and we are thankful to all the recruiters. The students of IIT-Guwahati who are appearing for the placement from across the country are very determined and are likely to benefit from this online process due the equal opportunity provided to them as other institutes and we expect an upward trend in placement this year at IIT-Guwahati,” TG Shriram, Director, IIT-Guwahati.

At IIT-Bombay, there have been 18 firms who participated in the placement drive on December 1. According to an announcement from the institute, for home jobs, the best variety of gives got here from Microsoft, Google, Texas Instruments, Qualcomm, Boston Consulting Group, and Apple. Amsterdam-based proprietary buying and selling agency Optiver, in the meantime, made profitable worldwide gives.

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