The first day of the placement season saw 81 students from VIT getting packages above Rs 25 lakhs per annum, with the highest salary touching Rs 75 lakhs per annum
Campus placements at Vellore Institute of Technology (VIT) commenced on July 15 for the 2022 graduating batch with VIT sharing the first slot with eight super dream companies such as Microsoft, Dyte, Amazon, PayPal, D.E. Shaw India Pvt Ltd, Morgan Stanley, Udaan and WorkIndia.
VIT adheres to a centralised placement process and this year too, the students from all the four campuses of VIT, Vellore, Chennai, Amaravati (AP) and Bhopal (MP) participated in all the campus recruitment processes. The entire process for all companies in the first slot, mainly pre-placement talk, online test, technical and HR interviews were conducted online as well as remotely.
Chancellor of VIT, Dr G Viswanathan announced the results of the campus placements by the companies in the first slot this week.
Microsoft selected 21 students for full-time vacancies. PayPal - 13 offers, Udaan - three offers, Dyte - six offers, WorkIndia – eight offers, D.E. Shaw India Pvt.Ltd - two offers, Morgan Stanley - 10 offers and Amazon – 13 offers. At present, the highest CTC is offered by Dyte with Rs 75 lakhs annual salary package to two students from the 2022 graduating batch in VIT.
Followed by first slot placements, companies like Wells Fargo, Texas Instruments, Walmart labs, Komprise and Societe Generale are in the pipeline for forthcoming slots.
129 students from the 2022 graduating batch received pre-placement offers (PPO) from companies during their summer internships. Pre-placement offers were made by D.E. Shaw India Pvt. Ltd (one offer), Fidelity investments (13 offers), HPE CTY (eight offers), JP Morgan (60 offers), Natwest (two offers), Wells Fargo (10 offers), Visa (10 offers), Morgan Stanley(five offers) ZS associates (seven offers) and Appointy (3 offers) to summer interns. The other PPO results of VIT students who did their summer internships with Optum, SKF, Kristal, and Adobe are expected soon.
“Overall, 195 placements in super dream companies and internship offers were rolled out to VITians by top companies within two weeks of the placement season. VIT's placement calendar is packed till the end of Augustâ€, said Dr Viswanathan.
He added that the other super dream companies like Walmart, Nielson, HealthRx, Thorogood, HyperVerge and Razor pay, which offer more than Rs 10 lakhs per annum as CTC will be conducting their recruitment in the coming weeks. Other Dream companies, core engineering companies and IT service companies are expected to hire VITians next month.
The PG internship placements which started in VIT in March is continuing simultaneously, 118 companies have already completed their remote hiring process and have selected 912 PG students from M Tech, MTech (Software Engineering), MCA and MSc courses of the 2022 graduating batch.
Intel, Qualcomm, NetApp, Nokia, Philips, Titan, PayPal, VMware, Media Tek and Danfoss are some of the prominent recruiters who hired interns from VIT this year. Intel and Nokia have hired more than 100 students for internships.
Dr Viswanathan congratulated all the students who got selected for internships and placements and wished the other students a great placement season. He also thanked all the companies that have accepted to conduct remote hiring in these challenging times.
