Published: Sun, December 03, 2017
Economy | By Shawn Conner

B campus recruitment: 150 students placed on day 1

B campus recruitment: 150 students placed on day 1

Falguni Banerjee, public relations officer at IIT Bombay, said that global offers came from Microsoft, Goldman Sachs, P&G, Schlumberger, GE, Texas Instruments and Uber while a number of big recruiters from India had also lined up to hire students at fat pay packages. "For domestic roles, the most offers were made by Goldman Sachs, Qualcomm, IBM, Microsoft, Boston Consulting Group, Cairn, McKinsey Knowledge Centre and Tata Steel", stated the placement cell.

The software giant Microsoft, one of the regular recruiters at IIT Madras, has increased its pay package up to 40% compared to a year ago for the students selected at the campus placements on day one here. ISRO had already gave six offers, thereby taking the total tally to 99, according to a release from IIT-Madras.

The sessions began on a good note with 22 more job offers than previous year.

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For the first time this year, the IIT-M dispensed with the graveyard shift that begins at midnight and ends at 6 a.m., done usually to accommodate worldwide firms that work from elsewhere.

Day one saw about 20 global offers from companies like Uber, Microsoft, Optiver, NEC Japan, Rubric.

At IIT Roorkee, three sessions were scheduled on day one for companies to recruit students from the campus.

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The first session concluded at 2 pm and witnessed the participation of 16 companies covering 24 job profiles. Both the companies reportedly offered almost Rs 1 crore annual packages, although the institute did not confirm the reports. Compensation-wise, the highest packages came from Blackstone (Rs 45 lakh), WorldQuant (Rs 39.6 lakh) and Microsoft (Rs 39.02 lakh). In the preliminary round, as reported by Hindustan Times, Microsoft has offered 1.4 Crore to one of the students in the placement session held on Friday.

In addition to the four public sector companies registered this year, around 48 start-up companies have registered for the placement process, compared to only 25 last year. Around 33 companies, including global firms, have made a total of 195 offers on December 1, 2017.

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