IIT Placements: No slowdown blues for IIT students
The students of Indian Institute of Technology have a good reason to smile as the placement season for IITs have started. The leading engineering institutes are off to notice good final placements with IIT Bombay student bagged the highest job offer so far from Microsoft for more than Rs. 52 Lakh ($ 100,000) for a position at the company's head office in Washington.
IITBombay students are very much aware of the offers, "The students are gung-ho about the placements this year. There is no sign of any slowdown. We have received a good number of offers from international companies including some good startups. Microsoft has toppled Facebook by offering the highest salary at $1,00,000. Facebook offered $90,000, similar to last year."
The IITs has begun their final placements which will last till month of June, 2012. IIT Bombay placement chairperson, Ravi Sinha said, "The interest among companies for IIT students remains very strong. We are very satisfied with the response we have received from companies. We see anywhere between a 10-20 per cent increase in salary levels for students."
At IIT Bombay, there are over 1,300 students will participate in the placement where 200 companies will participate in the placement session. At IIT Roorkee, the highest offer so far is Rs. 32 lakh from Schlumberger, an international supplier of technology, integrated project management and information solutions to energy companies. IIT-Roorkee has received confirmation from more than 140 companies which will be on campus to recruit more than 1,200 students.
IITRoorkee placement chairperson said, "Response from companies have been very good. Though salary levels more or less remain the same as last year, more number of companies are participating on campus this year."
IIT Delhi has confirmed the participation of 300 companies so far. There are around 1,200 institutes in IIT Delhi which will participate in the placement process. Kushal Sen, placement chairperson at IIT Delhi, "Response from companies is very good. But we do not see any drastic change in the salary levels. While it may not decrease, a slight increase could be a possibility."
At IIT Madras, some foreign companies from Korea and Japan will also participate in final placement session. There are almost 1,200 students who will participate in the placement session. Placement advisor said there are no sign of a slowdown visible in the placement session. Placement officers of IIT-Kanpur and IIT-Kharagpur declined to give any kind of information at this point .