Mumbai: Placements at the Indian Institutes of Technology seem to have been insulated from the global economic slowdown. Companies like Facebook, Samsung, Google and other foreign majors began Day One across IIT campuses, offering about 5-10% higher salaries than last year.
It is projected that by the end of slot zero, 150 students on each campus will be hired. Average domestic salaries were in the
mid-Rs 20 lakh range on the first day.
But Facebook continued to be the most aggressive employer this year too, making its presence felt at IIT campuses from Bombay to Guwahati to Madras. It has offered $136,000 (Rs 75 lakh) per annum to a student from IIT-Guwahati — besides a plum relocation bonus and a one-time signing amount.
Twitter is not far behind with a gross salary offer of $110,000. Artificial advertising solutions provider Rocketfuel is close as well. Algorithmic trading firm Jump Trading is keen to hire staff for its UK office and offered £70,000 as gross salary.
“One of our mathematics and computing students has been hired by Facebook for its California office. Even by US standards, they are paying a good salary,” said IIT-Guwahati director Gautam Barua. At other campuses, interviews were still on at the time of writing.
But the top offer so far was an annual package of $150,000 (Rs 81.6 lakh) from South Korean conglomerate Samsung, which is at IIT-Bombay and IITMadras.
“The company is looking for computer science graduates for its operations in the US and in South Korea. In fact, even financial and consulting companies are looking to hire many more students this year,” said Bhaskar Ramamurthi, IIT-Madras director.
Sources said Google has offered $135,000 (Rs 73 lakh) in a pre-placement offer at IIT-Kharagpur. IIT-Bombay has 35 companies (up from last year’s 34) on slot zero with first timers
like LinkedIn, Twitter and Blackstone.
“Several companies offered international roles, including Samsung, Microsoft and Google. Several smaller firms too are offering high compensation packages,” said Avijit Chatterjee, professor-in-charge of placements at IIT-Bombay. While 1,300 students have registered for placements, about 200 have opted out.
Blue-chip recruiters on day one, which closes way past midnight, include Boston Consulting Group, Deutsche Bank, Goldman Sachs, IBM, ITC, Google, Sony (Japan), Schlumberger, Morgan Stanley, Microsoft, Oracle, Credit Suisse and Taiwan Semiconductor Manufacturing Company. In the next few days, companies like Michelin, Rolls-Royce, Mercedes-Benz Research, Toshiba Corporation, MyLikes, Flipkart, Walmart Global Technology Services, iGate, Procter & Gamble Hygiene will visit campuses. However, public sector companies stayed away, restrained from campus recruitments by a Madras high court case.
It is projected that by the end of slot zero, 150 students on each campus will be hired. Average domestic salaries were in the
mid-Rs 20 lakh range on the first day.
But Facebook continued to be the most aggressive employer this year too, making its presence felt at IIT campuses from Bombay to Guwahati to Madras. It has offered $136,000 (Rs 75 lakh) per annum to a student from IIT-Guwahati — besides a plum relocation bonus and a one-time signing amount.
Twitter is not far behind with a gross salary offer of $110,000. Artificial advertising solutions provider Rocketfuel is close as well. Algorithmic trading firm Jump Trading is keen to hire staff for its UK office and offered £70,000 as gross salary.
“One of our mathematics and computing students has been hired by Facebook for its California office. Even by US standards, they are paying a good salary,” said IIT-Guwahati director Gautam Barua. At other campuses, interviews were still on at the time of writing.
But the top offer so far was an annual package of $150,000 (Rs 81.6 lakh) from South Korean conglomerate Samsung, which is at IIT-Bombay and IITMadras.
“The company is looking for computer science graduates for its operations in the US and in South Korea. In fact, even financial and consulting companies are looking to hire many more students this year,” said Bhaskar Ramamurthi, IIT-Madras director.
Sources said Google has offered $135,000 (Rs 73 lakh) in a pre-placement offer at IIT-Kharagpur. IIT-Bombay has 35 companies (up from last year’s 34) on slot zero with first timers
like LinkedIn, Twitter and Blackstone.
“Several companies offered international roles, including Samsung, Microsoft and Google. Several smaller firms too are offering high compensation packages,” said Avijit Chatterjee, professor-in-charge of placements at IIT-Bombay. While 1,300 students have registered for placements, about 200 have opted out.
Blue-chip recruiters on day one, which closes way past midnight, include Boston Consulting Group, Deutsche Bank, Goldman Sachs, IBM, ITC, Google, Sony (Japan), Schlumberger, Morgan Stanley, Microsoft, Oracle, Credit Suisse and Taiwan Semiconductor Manufacturing Company. In the next few days, companies like Michelin, Rolls-Royce, Mercedes-Benz Research, Toshiba Corporation, MyLikes, Flipkart, Walmart Global Technology Services, iGate, Procter & Gamble Hygiene will visit campuses. However, public sector companies stayed away, restrained from campus recruitments by a Madras high court case.
No comments:
Post a Comment