Saturday, 16 December, 2017

M hiring:99 offers, 9 global, so far

IIT Madras IIT Madras
Ben Pena | 02 December, 2017, 18:00

Given the fact that many students had withdrawn the job offers made in 2015, the institute did not allot any preferential slots to start-up firms.

"The student who has been offered the maximum package so far will join Microsoft's Redmond, Washington headquarters", a placement division official at IIT Delhi told this newspaper. The second day saw participation from companies like NVIDIA, American Express, Oracle India, are interviewing students.

Meantime, America's multinational private equity firm Blackstone is known to have made offer of Rs 44 lakh per annum for its domestic positions.

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Premature trends from pre-placement proposals at IITs (Indian Institutes of Technology) as well as concluding placements at other leading colleges of engineering represent that firms are providing nearly 60% higher wages as compared to past year in emerging techs such as machine learning, artificial intelligence (AI), robotics, and data science for niche IT profiles, as per placement cells at these organizations.

Analytics, finance and consulting jobs dominated the first day of campus placement in the Indian Institute of Technology, Madras (IIT-M), followed by core sectors and research and development. The institute expects more than 225 companies to participate in phase-1 of placements, which started on Friday simultaneously with other IITs and will continue till December 16. Also, attractive packages and perks are being offered to students of production and industrial engineering, master of computer applications, applied mathematics, geophysical technology, applied geology and geological technology. A number of Japanese companies will also be scouting for talent this year. IIT Madras received 195 offers by the end of the first day.

Among the leading global MNCs coming to the institute for recruitment are Microsoft, Uber, Goldman Sachs, Schlumberger and WebStaff. The internships for students are facilitated through a coordinated process.

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