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IIT placements: 3000 job offers made in three days

Thursday, December 6th, 2018

India’s prestigious Indian Institute of Technology (IITs) have recorded positive hiring activity this year. Companies hiring at the IITs have offered jobs to 3,000 young graduates within the first three days of this year’s placement season. IIT Madras recorded 30% growth in number of jobs offers from last year. 

According to the numbers reported by IIT Madras, 680 students received job offers in the first three days. The number of offers along with pre-placement offers at IIT-Madras now stands at 816. Last year, 106 companies had hired 526 students at the end of third day of placement season. Majority of the job offers were for roles in emerging technologies such as artificial intelligence, data science, blockchain. 

Intel India made job offer to 26 IIT Madras students. Microsoft offered 25 jobs, Citibank made 22 offers, and Qualcomm made 21 offers. The institute recorded13 international job offers, 4 of which were from Microsoft. Companies in analytics, consulting, and finance sector are hiring more graduates this year. 

IIT Delhi recorded 30% growth as compared to last year. Companies made over 500 offers to IIT Delhi students in the first three days. The hiring activity is expected to gain momentum over the next two weeks. At IIT Delhi, 45% of job offers were from companies in core engineering sector, 24% offers are from IT, and 11% are from consulting firms. IIT Madras accounted for 37% job offers from the R&D sector followed by 33% from analytics, consulting, and finance. 

Leading international companies are offering salaries in the range of Rs 45 lakh to Rs 1.5 crore per annum. According to IIT Bombay, many students have received job offers with annual package of Rs 25 lakh or higher. 

Consulting firms including McKinsey, Boston Consulting Group, Microsoft, Google, Intel, and Qualcomm are the top recruiters at IIT Campuses. International firms like Rubix, CBS Techno, and SMS Datatech have made good offers across IIT campuses this year.


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