New Delhi: Students at the Indian Institute of Technology (IITs) have bagged over 4000 jobs in last two days with companies hiring in large numbers for core engineering profiles.

Most of the older IITs have received between 350 to 500 job offers each in the first two days of the placement and authorities in charge of the placements say that the trend is encouraging as more companies are now willing to pay higher compensation and recruit for core profiles.

IIT Kharagpur, where half a dozen students have bagged 1 crore plus annual salary, said that 57 students received annual salary of over 30 lakh each and the number could well go past 100 by end of Tuesday. In the first two days, IIT Kharagpur has bagged around 500 offers and along with the pre-placement the number is 715.

IIT Delhi said, placement season at their campus is showing sparks in core sector followed by information technology and finance. IIT Delhi director V. Ramgopal Rao said he has decided not to disclose high value international offers and added that the his students accepting more domestic offers as against international offers . “We are happy to see a large number of IIT Delhi students preferring domestic careers over international placements. Another interesting aspect is students choosing careers in core sectors…it augurs well for the country," he said.

Companies like Microsoft, Sony Japan, Netherland based financial firm Optiver, taxi aggregator Uber, Accenture Japan, Google, Qualcom, Intel, and Samsung R&D were among the top recruiters across companies. At IIT Delhi Microsoft has made 30 offers, followed by Intel (27 offers). At IIT D, there is a jump 25% jump in IT job offers. At the Kharagpur school, while EXL has made 25 offers, Barclays has made 20 offers and Samsung Research 19 offers.

At IIT Mumbai, IIT Roorkee said the situation is robust this year. At IIT Bombay other than Microsoft and Optiver, companies like Honda R&D and Sony Japan offered top compensations. IIT placement season started 1 Dec with a strong note negating economic slowdown, Mint reported on Sunday. Several studies in recent months have showed increasing unemployment in the country. In September quarter, the gross domestic product of India grew at 4.5%, a six year low.

The placement season will continue till April end but the first phase of the season will end by 15 December.


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