Placements reach pre-pandemic levels

MUMBAI: Placements across various sectors and institutes have been hitting pre-pandemic levels and city engineering institutes are no different.

At least three final year Btech students from two different city institutes have been offered a job with a multinational e-commerce company offering them an annual remuneration of ₹1.17 crore to ₹1.22 crore. The average salary too has witnessed an increase this year, said experts.

At NMIMS deemed-to-be-university, two Btech students of the Mukesh Patel School of Technology, Management and Engineering (MPSTME) have been offered a job each with Amazon UK. “The placement season of our engineering batch has witnessed better results compared to pre-pandemic days, with two students bagging attractive international offers of ₹1.22 crore per annum. Our Btech programmes this year saw 85% of the students being placed with 193 companies visiting the campus,” said Meena Chintamaneni, pro-vice chancellor, NMIMS.

At Bandra’s Thadomal Shahani Engineering College, one final year Btech student was offered ₹1.17 crore (includes CTC, bonus plus stocks in the company) by Amazon UK.

This year, the premier Indian Institutes of Technology (IITS) boasted of placement season firsts, where not only did the highest package offered topped ₹2 crore per annum, but the average salary also went up by nearly 40-50% across institutes. The pandemic pushed several sectors towards digitisation at a faster rate and hiring experts have touted this as one of the main reasons for increase in hiring of fresh talent.

“We have noticed unprecedented demands for Information Technology graduates especially from e-commerce enterprises,” said Gopakumaran Thampi, principal of a college.