IITB Central Library 2.0 Service

IITians fancy core sectors in first week of placements

Posted on: December 10, 2010

by Hindubusiness Line

Recruiters and number of students placed have doubled from last year.

It is just the first week of placements at the Indian Institutes of Technology (IITs), and early indications show that traditional sectors such as manufacturing, mining, and oil and gas exploration seem to be gaining favour with students.

“The percentage of students opting for core companies is slightly more than those choosing the IT sector. Stagnancy in software (industry) and recession have also played some role in this shift,” IIT Guwahati’s training and placement in-charge, Dr Saurabh Basu, told Business Line.

So far, the highest offer at IIT Guwahati is Rs 22 lakh, by leading oilfield services provider, Schlumberger.

At IIT Madras, too, the highest offer so far, of Rs 28 lakh, has come from a multinational offshore drilling contractor, said placement advisor, Prof. N. Ramesh Babu.

Though Facebook has made an offer of Rs 38 lakh, the company’s recruitment process is not yet complete, said a student representative.

‘Special profiles’

“Though the pay package is still the main criterion and offers are evenly distributed across sectors, our students are opting more for jobs in analytics. Some companies are also offering special profiles for the students in their research and development centres,” said Prof. Babu.

IIT Roorkee received its highest pay package, of Rs 28.5 lakh, from Rio Tinto, a leading mining and exploration company.

However, students prefer jobs in India rather than abroad, said Dr P. K. Jain, placement in-charge, IIT Roorkee.

IIT Bombay said that recruiters coming to the college are from across sectors and streams. “Students prefer companies related to their primary area of specialisation,” said Prof Ravi Sinha, IIT Bombay.

Placements this year have started on a vibrant note in India’s top engineering colleges. The recruiters coming in have doubled from last year and so have the number of students placed so far. However, the packages are more or less similar to those offered last year.

“The number of companies has increased two-and-a-half times from last year. Close to 100 companies have visited our campus in the first six days and 130-140 students have been recruited already,” said Dr Basu of IIT Guwahati.

At IIT Madras more than 250 companies have come in so far and 250 students have been placed in the first week itself, said Prof. Babu.

IIT Bombay has seen a 50 per cent increase in the number of companies, and IIT Roorkee has seen 240 students placed so far, which is double that of last year.

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