NEW DELHI/KOLKATA: For campus recruitment at the premier engineering institutes, the IITs, the news is getting better by the day. By the end of seventh day across seven campuses, on an average 200 students were placed, an increase of around 100 per cent compared to same time last year.

If IIT-Bombay has placed 250 students(that’s one-and-half times more than last year), IIT-Kanpur has placed 200 students in 30 companies, IIT-Roorkee’s 150 students got job offers this season compared to just 70 students in 2008 while IIT-Madras has placed 170 students compared to 130 in the corresponding period last year.

The major recruiters from these campuses were Deloitte Touche Tohmatsu which recruited an average of 20 students from across the different IITs, Oracle and Credit Suisse, 15 and 13 students respectively and Indian Oil Corporation signed on around 10 students.

Till now highest payer has been Tower Research Capital which recruited nine students and has paid a CTC of Rs 22 lakh (this can go up to Rs 43 lakh if performance bonus is added). Schlumberger which has been the highest paymaster till last year (Rs 36 lakh CTC) is yet to come on campus.

At IIT Kharagpur, which has gone into placements with some 1,341 students across undergraduate and post graduate streams, over 200 students have been made job offers so far. Of these, 103 have been bagged by B.Tech and B.Arch students.

“Over 25 per cent of them have been placed so far,” says IIT Kharagpur prof-in-charge training and placements SK Srivastava. In 2008 when the market was going through a slowdown phase, all these institutes were able to place around 70-80 per cent students by the end of the placement process which ran into June this year(2009) despite being among the best technology schools in the country.

“Last year, when companies were cutting down on jobs, despite faring the best amongst other institutes we were able to place one-and-half times less the number of students placed this year till now,” says Prof Ravi Sinha, chairperson, placement, IIT-Bombay.

IIT-Madras has seen 40 companies visiting and a major recruiter has been Credit Suisse. The highest package offered till now at IIT-Madras is Rs 26 lakh and the lowest Rs 7 lakh which is higher than last year’s average package of Rs 5 lakh.

This year a new profile that students are interested in is clean energy and efficient technology and hence companies like NTPC and Modile Thermal are expected to get good response when they visit Read more…

Jobs Editor CMDN Hot Jobs, CMDNHotJobs.com, Career Career, career planning, CMDN Hot Jobs, cmdnhotjobs, IIT, IIT offers, Increased hiring, IT firms, IT industry, job hiring, job intervew, job seekers

NEW DELHI: The geeks of Indian Institutes of Technology (IITs) are in a much better mood than last year ahead of the placement season that kicks off in December, as offers are already raining in the country’s premium engineering colleges.

All the seven IITs have seen a jump in pre-placement offers (PPOs), or job offers made to students after summer internships and before campus placements, this year, as Indian corporates have started hiring in big numbers buoyed by a revival in the economy.

“Things are better this year and we even see a 10-20% increase in average salaries,” says Prof PK Jain who is taking care of campus placements at IIT-Roorkee.

Graduates can expect a 10-20% hike in salaries from last year when the average offers saw a 30% drop to around Rs 6 lakh as the global recession and a slowing economy forced many recruiters to shelve expansion plans and cut expenses.
But the bad days look over. This year, a number of companies have already drawn up plans to recruit from the top tech schools.

State-owned National Thermal Power Corporation (NTPC) plans to hire 300 students from across IITs and the National Institutes of Technology (NITs), according to R C Srivastava, the state-run power company’s director for human resources. The salary on offer will increase also around 70% to Rs10 lakh on the back of revised pay scales on 6th Pay Commission recommendations.

While many state-owned companies, particularly in the core sector, have shown interest, IITs also expect big recruiters such as Larsen & Toubro, Gas Authority of India, Tata Motors, Oracle, JP Morgan and Tata Consultancy Services (TCS), who pick up 10-15 students, to return this placement season.

Multinational hiring in the last placement season from IITs went down to 1,606 from 3,031 in 2007-08, according to the Ministry of Human Resource and Development.

This year, tech company IBM and consultants KPMG, McKinsey, BCG and Ersnt&Young among others are expected back.
Schlumberger, the world’s largest oilfield-services provider that gave the highest package of $100,000 last year, is also expected.

Adobe Systems, a US-based software company, will recruit Read more…

Jobs Editor CMDN Hot Jobs, CMDNHotJobs.com, Career cmdnhotjobs, IIT offers, Increased hiring, IT industry