Placement Report of IIT is always the talk of town. The country’s premium technology school campuses are already in a cheerful mood with 50-65% students getting job offers. Offer numbers in leading older Indian Institutes of Technology (IITs) where placement batch sizes range from 900-1,900 per campus are up to 30% higher than the same period in 2016-17 which was a difficult year for campus placements.
Indian Institute of Technology, Madras (IIT-M) has seen an increase in placement of postgraduate students and research scholars during 2017-18 academic year compared to previous years.
As the placement session concluded for the academic year, around 36 per cent of Ph.D. research scholars were placed in various companies, an increase from previous years-2016-17, 23 per cent and 2015-16, 17 per cent.
Last year, hiring at the IITs had slowed down, but according to early trends, this time around IITs are headed back to at least 75% placement numbers.
The first phase of final placements will continue till mid-December when the institutes will take a break. It will then resume in January and continue till March-April.
Typically, 75-79% of students of top IITs get placed every year. This year the institutes seem headed for those kind of numbers, if not better.
As employers look for quality talent, engineering graduates from top IITs are fetching 137 per cent higher salary package than an average engineer.
All IIT Placement Committee (AIPC) has revoked the ban on 30 companies from participating in the placement process at the IIT campuses. Most are startups in the list that includes names like Zomato, Grofers, Peppertap, Stayzilla, etc. Also a few of these startups that are now allowed to participate in recruitment process at IIT campuses have ceased to exist.
The other companies in the list are Zettata, Nowfloats, ConsultLane, Zimply, Portea Medical, Babajobs, GPSK, Hopscotch, SmartTrak Solar Systems Pvt. Ltd., Glow Homes Technologies Pvt. Ltd., Tescra Software Pvt. Ltd., etc.
Public sector units and other state-run organizations have responded enthusiastically to invitations from Indian Institutes of Technology (IITs) to visit their campuses ahead of private companies this placement season. The Indian Space Research Organization (ISRO), Oil & Natural Gas Corp, Bharat Petroleum Corporation and several other government establishments have already picked up a number of students, with even the brightest at the nation’s most prestigious engineering institution.
Placement officials said they expected top performers, students with high CGPA or cumulative grade points average to give a miss to government jobs and wait for multinationals and new-age companies that are known to make jaw-dropping offers to the best talent.
IITs Roorkee and IIT (BHU) Varanasi, too saw job offers over the first six days shoot up by almost 30% over last year. At IIT BHU, 527 students of the total 1,055 students enlisted for placement this year or 50%, have received offers already. Compare that with overall placement of 65% out of 1,103 students in the whole of last year.
Intel India, the chipmaker made 63 offers at IIT Kanpur of which 59 were accepted. Intel has also made 32 offers at IIT Delhi, up from 20 last year.
Employers face many challenges during campus placement drives. From early erosion to inability to retain candidates even after rolling out lucrative offer letters, companies face a major challenge that needs to be resolved in order to build loyal future leaders.