IIT placements: Premier institutes see a surge in international offers

MUMBAI: The premier IITs saw a surge in the numbers of coveted international offers received on day one of the placements this year. At IIT-Bombay, almost 20% of the total offers received on Day One were from international firms. With US and Japanese firms queuing up at IITs to pick the best of Indian talent, the institutes are expecting their total count of international offers to go up this year.

Honda R&D (Japan), NEC (Japan), Sony (Japan), Taiwan Semiconductor Manufacturing Company, Optiver (Amsterdam) and Microsoft (Japan) offered most international positions at the Powai campus. While Microsoft offered the highest package of Rs 1.54 crore, Honda, Sony Japan, too, offered packages of 82 lakhs Japanese Yen/annum and 78.63 Lakhs JPY/annum. Among other US firms, Uber International and Cohesity, also offered crore-plus packages at the institute. The first slot on the second day also saw Japanese firms such as visiting Sysmex Corporation and Murata offering attractive packages to students.

At IIT-Kharagpur, international offers received on day one went up from 12 last year to 17 this year. So far, including the first slot on Day 2, the total number of international offers have touched 36, said an official. In Guwahati, Rakhesh Singh, head, Career Development Centre, said, “…the number of international offers has already surpassed double the last year’s total on day 2 alone”. At Roorkee, total 20 global positions were offered by the end of second slot on day two.

However, the total offers received on day one, saw a marginal drop at institutes. At IIT-Bombay, 184 students accepted their offers on day one last year, this year the numbers dropped to 177. However, the day one acceptance is second best in the last four years. The highest numbers of offers were made by Qualcomm, Microsoft, Google, Boston Consulting Group and Texas Instruments. At IIT-Kharagpur, too, the numbers dropped from 177 in 2018 to 170 this year. Prominent Day One firms, such as WorldQuant, Tower Research and JP Morgan did not visit IITs for their campus placements this year.


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Updated: December 3, 2019 — 3:38 am

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