Samsung tops IIT hirings with Rs 78L pay
Hemali Chhapia
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Mumbai:
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Uber Int'l Follows With Rs 75L
Day One of placements at IITs started off on a tough note this year. Uber International was the big buyer with its massive annual compensation of $1.1 lakh or around Rs 75 lakh (base salary) at IIT-Madras.But it was Samsung, which took the pre-placement offer (PPO) route and picked around 10 IITians, including five from IIT-Bombay and a couple from IIT-Delhi and IIT-Kanpur, that offered the largest compensation of $1.15 lakh (Rs 78 lakh) as base salary .Much before the on-campus placements kicked off at Powai, the pool of computer science graduates had shrunk, with 20-25 students accepting various preplacement offers of the 125 overall that had come in. By 10pm on Day 1, 60 offers were made at IIT-B by companies from across the world.
The offers were similar at other IITs, but companies picked fewer students this time. Top organizations hired an average of three to four candidates, down from the eight to nine average the previous year.
At IIT-Bombay , 18 com panies, including Google, Microsoft, Deutsche Bank, Goldman Sachs, Boston Consulting, Bain, WorldQuant, A T Kearney , P&G and ITC, spent the day hunting for talent.
In the second session, IIT-Bombay had students vying for openings in 11 companies, including PwC, Diac, Schlumberger, Flow Traders, Opera Consulting, IBM, Xerox, Uber International, NEC Corp, Sysmex and Murata Manufacturing from Japan.
At IIT-Madras, 57 offers were made at the end of two sessions on Day One.
At IIT-Kharagpur, 63 offers were made by 25 companies, said sources. A student at IIT-Roorkee was offered a job at Microsoft.Placement head N P Padhy said, “We gave space in Slot One to a PSU and to a central government organization. We were surprised at how aggressive they were.One PSU was equivalent to five IT companies.“
(With inputs from Vi nayashree Jagadeesh in Chennai, Shreya Roy Chowdhury in Delhi & Jhimli Pandey in Kolkata)
Source: Times of India, 2-12-2016
The offers were similar at other IITs, but companies picked fewer students this time. Top organizations hired an average of three to four candidates, down from the eight to nine average the previous year.
At IIT-Bombay , 18 com panies, including Google, Microsoft, Deutsche Bank, Goldman Sachs, Boston Consulting, Bain, WorldQuant, A T Kearney , P&G and ITC, spent the day hunting for talent.
In the second session, IIT-Bombay had students vying for openings in 11 companies, including PwC, Diac, Schlumberger, Flow Traders, Opera Consulting, IBM, Xerox, Uber International, NEC Corp, Sysmex and Murata Manufacturing from Japan.
At IIT-Madras, 57 offers were made at the end of two sessions on Day One.
At IIT-Kharagpur, 63 offers were made by 25 companies, said sources. A student at IIT-Roorkee was offered a job at Microsoft.Placement head N P Padhy said, “We gave space in Slot One to a PSU and to a central government organization. We were surprised at how aggressive they were.One PSU was equivalent to five IT companies.“
(With inputs from Vi nayashree Jagadeesh in Chennai, Shreya Roy Chowdhury in Delhi & Jhimli Pandey in Kolkata)
Source: Times of India, 2-12-2016
