195 job offers on first day of placement season at IIT-M

195 job offers on first day of placement season at IIT-M

Citing a policy decision of IIT Madras, the placement officials have refused to reveal the pay package details.

According to the institute's placement cell authorities, about 250 companies have enrolled for this year's placement sessions at the institute, which is expected to cross 300-mark in the coming days.

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. In comparison, the number of offers at the same time previous year was 71.

The placement season for 2017-18 began at the Indian Institute of Technology, Bombay (IIT-B) on Friday, with Microsoft and Uber making offers for oversees jobs. As per reports, it is said that Microsoft offered United States dollars 2,14,600 to a student, while Uber was ready with USD 1,55,000.

This year, the institute has seen 114 pre-placement offers being handed out to the students by companies, including Microsoft, Qualcomm and Goldman Sachs, as against 73 in the previous academic year. This year, around 1,700 students have registered for the campus placements and the institute expects more than 225 companies to participate. He however did not divulge the highest pay package offered at the institute so far. "Moreover many more students are receiving global offers", he said.

Goldman Sachs, Qualcomm, IBM, Microsoft, BCG, Cairn, McKinsey Knowledge Centre & Tata Steel gave the highest number of domestic offers during Day 1 of IIT Bombay placements while the maximum worldwide offers were made by NEC Japan, Microsoft, Optiver, Rubrik & Uber. IIT Madras received 195 offers by the end of the first day.

N P Padhy, professor in charge of placement at IIT-Roorkee, too, said that the "response shown by the companies this year has been robust". The internships for students are facilitated through a coordinated process.

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