Campus Placements: IIT-B in demand, 305 firms make 1,114 job offers to students
In a clear pointer to the increased demand for the IIT-Bombay graduates among the top recruiters, as many as 305 companies — including the ones from countries like Japan, Taiwan and Singapore — participated in the latest campus recruitment process and made 1,114 job offers to students, involving an average gross salary of Rs 11.41 lakh per annum.
A couple of new trends that the IIT-B witnessed the placement season for the academic year 2016-17 that ended on June 30 were the increase in organisations hiring fresh graduates in the R&D sector and international companies making Pre-Placement Offers (PPOs) to its students. For, as many as 32 R &D organisations offered 118 positions this year. The IIT-Bombay observed an increase in organisations hiring fresh graduates in the R&D sector, while 67 International companies and 59 Pre-Placement Offers were accepted by students during the recently-ended season.
“With the economy increasingly striving for high-end products and services, a large number of companies now strive to develop products in the forefront of technology,” IIT-Bombay spokesperson Falguni Banerjee Naha said.
“Despite the challenging market situation this year, IIT Bombay managed to maintain good interest amongst the recruiting firms in the job market. Over the years there has been a gradual increase in the number of companies visiting the campus,” the spokesperson said.
The initial part of the season was dominated by a variety of industry leaders from sectors like engineering and manufacturing, computer software and hardware, data analytics, management consulting, finance, banking and FMCG.
The prominent recruiters that participated and made offers to the students during this year’s campus recruitment process were: Airbus Group (6), Bain & Company (4), Boston Consulting Group (4), Google (5), Goldman Sachs (15), Intel (28), Microsoft (19), ONGC (8), Procter & Gamble (6), Samsung R&D (26), Texas Instruments (11), Tata Steel (9), Qualcomm (13). Some of the international recruiters were Murata Group Japan (7), NEC Japan (6) and Schlumberger Asia Services (7). Companies from countries like Japan, Taiwan and Singapore were amongst the top international recruiters.
The IIT-Bombay saw an excellent response from the recruiters during the Internship Season 2016 – 17, which witnessed 1107 offers made by over 650 organisations.
“Over the past few years, internships have become a major aspect in IIT Bombay students’ personal growth and development. Internships give students tremendous understanding about various roles within a particular industry and helped them to select a well-informed career choice,” the spokesperson said.
Meanwhile, the Placement Season 2017-18 has begun in July, 2017 and IIT Bombay is currently in the process of inviting companies for campus recruitment. “As on today, 110 students have received Pre-Placement Offers. Interviews for Phase 1 of campus placements will be conducted from December 1 onwards,” Mrs Naha said.
Similarly, the Internship Season 2017-18 hiring began at IIT Bombay from the first week of August, "The top global and national organisations are participating for the recruitment of summer and winter interns. International companies, especially Japanese companies have shown increased interest in participation every year for regular internship hiring," the spokesperson said.
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