As per the figures released by the institute, a total of 1011 job offers were rolled out to the students at the institute during the first phase
Keeping its earlier clout in campus placements intact, the Indian Institute of Technology, Bombay (IIT-B), recorded the highest number of offers amongst all IITs in the first phase of placements held between December 1 and December 16, 2017.
As per the figures released by the institute, a total of 1011 job offers (including a 100 pre placement offers) were rolled out to the students at the institute during the first phase. Of this, 911 offers were accepted. With this, IIT-B leaps ahead of other IITs with more offers in its kitty. "IIT Bombay has been consistently preferred as the top destination amongst the recruiters. The rise in the number of International offers and the PPOs were some of the highlights of the phase-1 of placements.Phase-2 is expected to add in some more numbers" said the spokesperson at the institute.
IIT-Kanpur also saw a very successful phase I with 890 offers including pre-placement offers (PPOs) in the first phase. At IIT Madras, a total of 877 students were placed in the first phase that ended on December 10. IIT Roorkee saw 843 offers made by 205 companies that visited the campus until December 15.
The average cost-to-company (CTC) for the domestic offers at IIT Bombay is 13.60 lakhs per annum while the gross salary is 11.50 lakhs per annum. For International offers, the CTC offered was 43.5 lakhs per annum while the gross salary was 40 lakhs per annum.This year, over 65 international offers came in the first few days at IIT B with some of the prominent companies being- Uber, Microsoft-Redmond, Samsung and Goldman Sachs.
More PSU offers
Most IITs saw a great number of Public sector undertaking companies like ONGC, ISRO, UIDAI coming to hire in the first phase. At IIT B, a total of 21 offers were made by three PSUs in the first phase. IIT Roorkee also saw the participation of 5 PSUs in the first phase. "This time, the number of PSUs hiring at the institute have gone up considerably as compared to the last time. The profiles and packages offered are also better than last year" said Prof Tom Matthew, Professor in charge of placements at IITB.
Start-ups on a roll
A good number of start-ups came to IIT campuses this year, after the ban was lifted this year. A total of 32 start-ups made 85 offers to IIT Madras students. Most of the start-ups were looking to recruit for the Analytics / IT job profiles. At IIT Roorkee, 37 startups came to the campus in the first phase. Several prominent start-ups like Zomato and Pay U visited IIT Kanpur this placement season.
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The average cost-to-company (CTC) for the domestic offers at IIT Bombay is 13.60 lakhs per annum while the gross salary is 11.50 lakhs per annum. For International offers, the CTC offered was 43.5 lakhs per annum while the gross salary was 40 lakhs per annum.This year, over 65 international offers came in the first few days at IIT B with some of the prominent companies being- Uber, Microsoft-Redmond, Samsung and Goldman Sachs.
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