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 | KOLKATA: Nine students of IIT Kanpur were offered annual packages of Rs 22 lakh on Day One of the placement season on Tuesday, as multinational and local heavyweights gave a vote of confidence in the ongoing economic recovery and showed their hunger for top-drawer talent.

Royal Dutch/Shell, BCG, Morgan Stanley, Deutsche Bank, Tower Research, ITC, HUL, British Gas were among the big guns to visit the campuses of the premier tech institute in the country on Day One. Tower Research is one of the firms believed to be behind the Rs 22 lakh package in Kanpur. The identities of the other companies is not known.

Incidentally, this figure matched the highest overall package for Kanpur last year, and indicates that companies are not shy of quoting a high number on the first day of the placement season.

Other IITs across the country also saw high participation, but details about individual offers were not available. “We are quite upbeat about the process this year. We already have confirmations from over 160 companies,” said Ravi Sinha, IIT Bombay’s placement chairperson. Day One at IIT Bombay saw 21 companies participating across two slots, the second of which continued till as late as 2 am. The companies included Morgan Stanley, McKinsey & Co, BCG, Shell, Technology, Sony Corporation and Deutsche Bank.

At IIT-K, seven of the total of 90 companies, which confirmed for the process, visited on Day One. Each of these companies are expected to pick up 3-5 students each. At IIT Delhi, which has over 1,000 students to place this year, 150 companies have already confirmed participation, and its Day One placement itself notched up Read more…

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