Education

As placement begins, IIT Bombay student receives ₹2.05 crore per annum job offer

Mumbai: The first day of IIT campus placements started off well, with most institutes receiving more job offers than in previous academic years.

A student at the Indian Institute of Technology, Roorkee, has been offered a job of 2.15 crore a year by an international tech corporation. Similarly, Uber offered USD 2.74 lakh per year (roughly 2.05 crore) to one IIT Bombay student, and USD 2 crore per year to another IIT Guwahati student this year.

Last year, the US-based IT firm Cohesity awarded the biggest package to an IIT Bombay student: $ 200,000 (about Rs 1.54 crore).

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For domestic positions, IIT Roorkee students have received offers ranging from 1.3 crore to 1.8 crore, with three students receiving offers ranging from 1.3 crore to 1.8 crore.

Meanwhile, compared to the previous year, IIT Madras experienced a 46 percent rise in job offers on day one, with 176 job offers made in the first half of the day, which was more than any previous year. Similarly, IIT Guwahati received roughly 200 job offers on the first day, compared to 158 the previous year.

“We designed our strategy appropriately, partnering with the best of the organisations across areas such as AI, software, networks, finance, and manufacturing, among others,” said Vinay Sharma, professor in charge of IIT Roorkee’s Placement and Internship Cell. We also made sure the profiles were diverse, which resulted in more offers to students from companies that were relevant to their interests.”

This year’s top domestic recruiters included Microsoft, Qualcomm, Google, Boston Consulting Group, Airbus, Amazon, Apple, APT Portfolio Pvt. Ltd., and Bajaj Auto Limited, while the top overseas recruiters included Uber and Rubrik. Among the job titles available are Product Engineer, Research and Development, Software Engineer, Hardware Engineer, Business Analyst, Financial Analyst, Marketing Analyst, GET (Graduate Engineer Trainee), Consulting, Product Management, Data Science, and others.

The total number of chances available for domestic roles has increased this year at institutes. Multiple domestic offers of more than 1.1 crore have been offered to IIT Guwahati students, while the largest annual package for a domestic post at IIT Roorkee is 1.8 crores, up from 80 lakhs last year.

“On the first day of placements, 28 organisations participated, and we are anticipating confirmation from several more for the following sessions.” Regular recruiters have shown faith in the institute, and we expect more offers from these companies in the coming days,” said an official from IIT Bombay.

The first round of placements, which begins on December 1 and covers multiple IITs, lasts seven to fourteen days, depending on the total number of organisations that have registered.

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