The placement season at the Indian Institutes of Technology (IITs) this year brought good news. An overall increase was seen in the number of students getting placed in world’s top companies, with more number of students finding a place in the R&D, electrical, mechanical and computer science sectors.
In the first four days of first placement session, the companies made as many as 3000 job offers, including pre placement offers (PPO) in all the 23 IITs. As compared to 2017, there has been an increase of 30% placements. “This indicates an overall growth in various sectors. The economy is growing and it is reflected in the increasing job opportunities for the students,” said V Ramgopal Rao, IIT Delhi Director.
IITs have become quite aggressive in terms of industry outreach in the last two years, which eventually has helped the institutes to study the industry demands and prepare students for the market.
“We are trying to bridge the gap between the curriculum and the industry demands. For instance, this year Industry Day at IIT Delhi had over 300 companies reaching out to students. So, it is a reflection of how we are reaching out to the industry and connecting with closely, which in turn is getting churning out more employment opportunities,” he says.
According to reports, a US based company offered a package of Rs 1.52 crore to four IIT BHU students. Microsoft hired atleast six students from IIT Roorkee and Kanpur, on an annual package of Rs 1.5 crore. While the officials were reluctant to divulge the details, but they confirmed the high salary offer and good placements were positive indications.
The decision to not reveal the details of the students, says Rao, has been made to avoid undue pressure on the rest of the students.
“By talking about pay packages, we tend to put unnecessary pressure on the students, who wish to pursue careers in other sectors or want to go in for Masters and research,” says Rao.Around 70% students opted for core sectors as against IT, which is an optimistic trend seen this year. “Not all sectors offer similar kind of pay packages. The students must understand that an electrical engineering company will not pay as Google does,” adds the director.
“The good news is that 50% job offers made in the first session, were from the core sector. This indicates that the core sectors are seeing a substantial growth.” Other than Microsoft, companies such as Optum (SDE), Axtria, Honetwell, Indshine, Tata Communications, Tata Steel, HCL, ZS Associates, Novarites, IVP and Smart Cube, L&T ECC, Amazon, Microsoft, Assanjob have hired students across IITs in this placement session.