IIT placements: First phase sees surge in offers, most from Asian countries; rise in new recruiters

Written by Neeti Nigam
| New Delhi |

Updated: December 20, 2020 5:07:39 pm

Most IITs have additionally witnessed a rise in home recruiters and a rise in compensation. Express picture by Sumit Malhotra/ Representational

Despite pandemic and a shrinking economic system, the variety of affords have remained unaffected on the Indian Institute of Technology (IITs) in the primary spherical of placements. The institutes say there was a surge of affords, particularly from Asian nations, with digital placements serving to bridge the hole between recruiters and college students’ placement cell.

IIT-Roorkee and Kanpur mentioned that the hybrid — on-line and offline — mannequin has labored for them and can seemingly stay a everlasting characteristic in campus placements. “We may go for mixed-mode, with more focus on the online mode. A small issue of connectivity or call-quality may be impeding the chances of hiring a deserving person. Nonetheless, the virtual mode will benefit firms, especially international firms, who otherwise may not plan to travel to the institute,” mentioned Dr Kantesh Balani, chairman, IIT-Kanpur scholar placement office.

Read | How IITs, IIMs managed to get jobs for his or her college students regardless of pandemic

Most IITs have additionally witnessed a rise in home recruiters and a rise in compensation. More than 753 affords have been made in the primary 10 days of the location at IIT Madras.

However, there was a decline in the variety of worldwide affords, mentioned each IIT-Madras and Kanpur. “Last year, 23 international profiles were offered, and this year 19 international offers were extended to the students,” mentioned IIT Kanpur’s chairman. For IIT-Roorkee, the variety of worldwide affords from Asian nations has pretty elevated. For IIT-Hyderabad, Japan and Taiwan had been distinguished recruiters.

Meanwhile, there was a rise in new recruiters. Over 50 new companies participated for the primary time in IIT-Kanpur’s placement, over 53 at IIT-Madras. These are primarily software-based start-ups. The most promising sector was coding/software companies adopted by core companies. “We are expecting educational institutions to participate in phase 2 placements,” mentioned Prof CS Shankar Ram from IIT-Madras.

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Some of the large recruiters are Microsoft, Texas Instruments, Bajaj Auto, ISRO amongst others. Tata Projects Ltd claims to have employed about 69 IIT college students of which most are from IIT Delhi (23) and IIT Bombay (21).

In a constructive pattern, the typical packages supplied by the home firms have additionally improved. IIT-Roorkee college students have bagged a fats wage supply of Rs 80 lakh as towards Rs 62.28 lakh final yr. Similarly, IIT-Kanpur’s college students have bagged the very best Rs 82 lakh CTC whereas it was Rs 62 lakh every year in 2019. However, the typical bundle supplied by the worldwide companies was identical as final yr.

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Apart from job affords, even the scholars choosing placement is greater than in the earlier years. IIT-Hyderabad has registered 550 college students as towards 490 in the final yr. Similarly, IIT-Madras has seen a spike in registration with 1450 college students collaborating as towards 1419 college students final yr.

Early this yr, a number of IITs complained that the main firms have withdrawn or deferred affords, nonetheless, the institutes are constructive that it’s “not expected this time as all the organisations are gearing up for a post-COVID scenario.”

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