It’s just their second year on the placement scene but the new Indian Institutes of Technology at Ropar, Patna, Hyderabad, Bhubaneswar and Gandhinagar, among others, are already nipping at the heels of their much-older and more established counterparts.
Big-ticket recruiters like Microsoft, Amazon and Google have descended on these campuses and average salaries have shot up by 15-20%. In comparison, the older IITs – Madras, Roorkee, Kharagpur, Bombay, Delhi and Guwahati – have recorded a 5-10% increase in salaries at the final placement offers. Also, more companies are visiting the newer IITs this year and pre-placement offers (PPOs) have increased. Top salaries have also gone up. IT services company Epic Systems, for example, offered $105,000 ( 57 lakh) to two students at IIT Ropar. It had offered $80,000 ( 43.6 lakh) last year.
Stress on PPOs has worked in favour of new IITs. Students have been encouraged to give their best shot during summer internships, which has led to a significant increase in the number of PPOs.
In IIT Ropar and IIT Patna, the number of PPOs this time have gone up to 10 and 3, respectively, from just a single PPO each last year.
Also, IITs in Bhubaneswar, Gandhinagar, Patna and Ropar started their placements in as early as end-September to get an early-mover advantage.
“We started contacting companies much earlier. Already 30 companies have visited our campus this year compared to last year’s 21 and more are expected,” said Prabh Sharan Singh, training and placement officer at IIT Ropar. IIT Gandhinagar’s student coordinators arranged interactions with HR heads of companies to ensure they do not skip this institute.
Choosen excerpts by Job Market Monitor from
via Placements: Microsoft, Google hiring from new IIT campuses, salaries up 15-20% – The Times of India.
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