Robust start at IIT placements points to pickup in job market
NEWDELHI: The job market seems to be looking up — after a fine summer placement season at top business schools, its the turn of elite engineering grads now.
All the older Indian Institutes of Technology (IITS) have seen a robust start to the two month-long final placement process with technology and core sector engineering emerging as preferred areas of hire.
At IIT Kharagpur, students bagged some 188 offers on the first day on Friday as against 134 offers on day one in 2016. By Monday, more than 400 jobs had been offered to its students. Even before the placement season began on December 1, its students had bagged some 250 pre-placement offers based on their previous internships. These are in addition to the campus hiring numbers.
“This is one of the best starts and we hope to capitalise on it. We have so far crossed the landmark figure of 400 within just two days and hope to reach other milestones in the first phase of placements itself,” said N P Padhy, professor and placement in-charge at IITRoorkee.
The response is strong at IIT Delhi, Madras, Mumbai, Kanpur and Guwahati too, from both domestic and international companies.
Among sectors, core engineering and information technology were the lead recruiters across IITS. For example, IITMadras said 32% of its day one offers were for core engineering and research and develop- ment roles, and 25% of offers were from IT firms.
At Iit-bombay, a sizable number of offers were from core engineering. As per day two data of the placement at the institute, more than 45% offers were for core engineering jobs. Intel with 25 job offers and Samsung Research Institute with 17 were the lead recruiters in core engineering at IITBombay.
“Placements have started on a very optimistic note this year. We hope that this trend continues for the rest of the placement season,” said I N Kar, the placement in-charge at Iit-delhi where over 400 students have got job offers so far.
IITS said lead recruiters in the initial few days included Microsoft, Samsung India, Oracle, taxi aggregator Uber, Mercari Japan Ltd, Vedanta Plc, Qualcomm, Indian Space Research organization and ONGC Ltd, Tata Steel, Bajaj Auto and financials like Goldman Sachs, JP Morgan, American Express, and consumer internet firms like Flipkart and Paytm.