Advertisement
Wednesday, Sep 22, 2021
Outlook.com
Outlook.com

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

IITs beat pandemic blues in placement drives with record job offers, high salary packages
outlookindia.com
1970-01-01T05:30:00+0530
(Eds: Adding word in intro)

New Delhi, Dec 2 (PTI) Indian Institutes of Technology (IITs) across the country have kicked off their placement drives with record job offers and high salary packages, beating COVID-19 pandemic blues.

IIT-Delhi students bagged over 300 placement offers, including pre-placement offers (PPOs), by the end of the first day of the first phase 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 said.

"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 offers, many students have already bagged offers as high as Rs 1.54 crore from international companies.

The packages for domestic companies have also seen a sharp rise to about Rs 80 lakh this year for all top IITs, including IIT-Madras, Bombay, Roorkee and Guwahati.

In IIT-BHU, 217 students have bagged jobs with annual CTC ranging from Rs 11.5 lakh to 64.27 lakh. Last year, it was Rs 10 lakh to Rs 58.21 lakh.

In IIT-Madras, a total of 123 offers were made by 222 companies during day one’s session, higher in any of the preceding 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 were 18 companies who participated in the placement drive on December 1.

According to a statement from the institute, for domestic jobs, the highest number of offers came from Microsoft, Google, Texas Instruments, Qualcomm, Boston Consulting Group, and Apple. Amsterdam-based proprietary trading firm Optiver, meanwhile, made lucrative international offers. PTI GJS SNE


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

More from Website

Asia’s First Officially Licensed Digital Collectibles Platform Colexion To Drop Unique Nfts

Asia’s First Officially Licensed Digital Collectibles Platform Colexion To Drop Unique Nfts

Colexion brings the best Content-driven Team on board. The NFTs at Colexion are spread into different types like Moment NFTs, Trump Cards, Museum, and a lot more. For the first time in NFT and digital art history, a platform creates NFT for the masses. Everyone can access the Colexion platform to buy their Favorite NFTs.

IPL 2021: RR’s Riyan Parag Hails Kartik Tyagi’s Final Over As ‘Number One’

IPL 2021: RR’s Riyan Parag Hails Kartik Tyagi’s Final Over As ‘Number One’

Tyagi bowled a sensational last over as RR pulled off an incredible two-run win over Punjab Kings in an IPL thriller.

WHO Chief Lauds India's Decision To Resume Export Of Covid-19 Vaccines

WHO Chief Lauds India's Decision To Resume Export Of Covid-19 Vaccines

The Indian Government discontinued vaccine exports under the 'Vaccine Maitri' programme when it was hit by the second wave of the Covid-19 pandemic.

More from Outlook Magazine

Crouching Tigers

Crouching Tigers

Ghee Bowman brings to light the forgotten story of an Indian force’s role in the Battle of France and their fighting withdrawal through Dunkirk. In this excerpt, individual units arrive in northern France and take their positions, awaiting the Wehrmacht onslaught.

Outlook-ICARE India’s Top Universities Rankings 2021: Top 21 Private Medical Universities

Outlook-ICARE India’s Top Universities Rankings 2021: Top 21 Private Medical Universities

Outlook's annual ranking of India’s top 21 Private Medical Universities in 2021 will help students make an informed choice.

Outlook-ICARE India’s Top Universities Rankings 2021: Top 15 Government Medical Universities

Outlook-ICARE India’s Top Universities Rankings 2021: Top 15 Government Medical Universities

Outlook's annual ranking of India’s top 15 Government Medical Universities in 2021 will help students make an informed choice.

Advertisement

Outlook Newsletters

Advertisement