Renowned American private equity firm — Blackstone — reportedly made one of the best offers with an annual package of Rs 44 lakh.
On its first day of placements on Friday, the high-profile Indian Institute of Technology Bombay (IIT-B) attracted a large numbers of companies — two of the biggest being Microsoft and Uber. Both the companies reportedly offered nearly Rs 1 crore annual packages, although the institute did not confirm the reports.
However, even as the numbers on the package were lucrative, there were concerns over the issues surrounding international visas. Last year, several students who had managed to bag top international offers were later offered positions in the national branches of the companies due to visa issues.
Some of the other prominent recruiters in the first slot, which ended on Friday evening, also included P&G, Goldman Sachs, BCG, Texas Instruments, GE and Schlumberger, amongst others.
Renowned American private equity firm — Blackstone — reportedly made one of the best offers with an annual package of Rs 44 lakh.
Day 1 was dominated by software, consultancy, and engineering firms; start-ups did not make an appearance on Friday. This year, around 1,700 students have registered for the campus placements and the institute expects more than 225 companies to participate. The institute has seen a rise in the number of PPOs as compared to the last few years, with 137 companies having made their offers before the placements kickstarted.
For the first time, Public Service Undertakings (PSUs) also conducted interviews at the IIT-B campus before the beginning of the first phase of placements. Some of the prominent PSUs that conducted interviews in the campus include Indian Space Research organisation (ISRO) and Bharat Petroleum Corporation Limited (BPCL).
"The overall selections on the first day have been great and we are hoping that the numbers will be better in the next few days" said a member of the placement committee.
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