IIT placements begin, Microsoft offers highest salary at 1.5 crore

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Come December and the season of placements begin for various campuses of the Indian Institute of Technology across India. The placements began from December 1 for the 2018-2019 placements and like every year, top notch companies from India and abroad came to recruit their future employees.

Students seem to be interested in the start-up offers as they are likely to help in the growth of their career trajectory. They are giving importance to the job profile rather than just the company name.

At the Indian Institute of Technology Bombay (IIT-B), app-based cab aggregator Uber is expected to offer an annual gross salary of Rs 1.04 crore.

However, at Rs 1.5 crore, sources claim that Microsoft is still offering the highest salary package.

Last year too, Microsoft had offered the highest package of ($2,14,600), which annually amounted to Rs 1.39 crore. This was followed by Uber which had offered a student Rs 99.87 lakh ($1,55,000) at IIT-B.

 

Here are some of the details of Placements for different IIT campuses. Take a look:

IIT Roorkee placements:

Phase 1 of IIT Roorkee placements on campus: December 1 to December 15, 2018.

No. of students registered for placements: 1354

Job offers received (midnight slot on December 1): 215 offers from 10 companies (including 150 pre-placement offers from other companies, and 7 international offers)

Highest salary: INR 47 lakhs (Domestic) and INR 1.5 crore (international package)

More about the companies at IIT Roorkee placements:

  • Participant companies for midnight slot include AppDynamics India Pvt. Ltd., AQR Capital Management, DE Shaw India Pvt Ltd, Goldman Sachs Services Private Ltd, Google, JPMorgan Chase & Co – Quantitative Research, Microsoft, Nutanix Technologies, Tower Research Capital India Pvt Ltd, Uber India Systems Private Limited
  • Microsoft gave the highest number of offers at the IIT Roorkee placements at 31 — 22 offers including 3 international offers, and 9 PPOs

IIT Kharagpur placements:

No. of companies registered: More than 362

No. of job profiles being hired for: More than 618

Job offers received (till 9 pm on December 1): Close to 400 (256 PPOs and close to 150 fresh offers)

More about the companies who came for IIT Kharagpur placements:

  • Qualcomm and Microsoft made the highest number of offers standing at 21
  • 12 international offers were received including 6 from Mercury Japan and 4 from Microsoft
  • 33 start-up businesses participated in the IIT Kharagpur placements, including Zomato, Ola , Oyo, Flipkart and Innovacer
  • More than sixteen new companies such as ARPWood Capital, AB InBev, Blackrock, Bidgely, MasterCard, and Bizreach Japan are participating in the first few days

IIT Madras placements:

No. of companies registered: Nearly 326

No. of job profiles being hired for: More than 490

No. of students registered for placements: More than 1300

IIT Madras placements Phase 1: December 1 to December 8, 2018

Companies recruiting on Day 1: Microsoft, Google, Apple, Airbus, McKinsey and others

More about the IIT Madras placements:

  • The top recruiters in the first session were Microsoft, Google and Apple
  • Bain and Company and Nutanix Technologies were among first-time recruiters
  • IIT Madras is the only educational institute in India which had all the top three global consulting majors McKinsey, The Boston Consulting Group and Bain & Co. recruiting on campus they accounted for 13 offers in Session 1.1
  • The Indian Space Research Organization (ISRO) and Oil and Natural Gas Corporation (ONGC) have already recruited four and three candidates
  • Microsoft gave the highest number of offers 25 for three profiles. The other recruiters with large selections were Goldman Sachs (7) and Apple (8)
  • 29 offers were made by finance/analytics firms in the first slot
  • Airbus, Shell, JP Morgan, Star India, Intel, Qualcomm and General Electric participated in the second slot (4 pm to 11 pm) of IIT Madras placements on Day 1
  • The Phase I of Placements at IIT Madras began at 7 am and concluded at 2 pm today (1st December 2018)
  • Day 1 of IIT Madras placements Phase 1 saw 92 offers by 19 companies covering 32 job profiles, including 6 international offers
  • Companies recruiting from IIT Madras on the first day included McKinsey, Microsoft, Google, Uber, Rubrik, The Boston Consulting Group, Texas Instruments, Goldman Sachs, ITC Ltd, Auctus Advisors and Qualcomm
  • In the second slot of IIT Madras Placements that is held between 4 pm and 11 pm, 23 companies with 48 profiles are scheduled to participate

IIT Hyderabad placements:

No. of companies registered for Phase 1: 130

No. of students registered for placements: 418

IIT Hyderabad placements Phase 1: December 1 to December 22, 2018

IIT Hyderabad placement sessions: three sessions are being conducted (starting from 7 am to 12 midnight)

Companies coming for IIT Hyderabad placements: Traditional recruiters such as Flipkart, Amazon, Samsung, Xilinx, Qualcomm, Maruti, ISRO, GE, TCS; first time companies such as Softbank, Mercari, Toyota Research, Toshiba INC, TSMC (Taiwan semicondcutors), Yokogawa electric corporation, Annotation Inc., Denso Barclays, Oppo

More about the IIT Hyderabad placements:

  • 14 offers were received from 3 companies during Session 1.1, made to students of Electrical, Computer Science and Design Departments
  • 4 international offers were received from companies like Works applications , SMS datatech , Softbank, Mercari, Toyota Research , Toshiba INC. TSMC (Taiwan semicondcutors), Yokogawa electric corporation, Annotation Inc, Denso
  • 20 pre-placement offers were made by companies like Amazon, Microsoft, Schlumberger, Qualcomm, Goldmansachs, Swiggy, Electronic Arts, and DeShaw
  • The faculty-in-charge of IIT Hyderabad placements said that the institute was seeing increased participation from Japanese companies as a result of the collaboration with Japan and their institutes

(with inputs from India Today)

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