Tuesday, July 23, 2024

A Package of Rs. 1.5 Crores at IIT Placement?

Even though the pandemic has affected employment opportunities, and almost everyone has had a salary cut, software engineers and IT professionals have sailed through pretty well. Students who have passed out from IIT institutes have always had an upper edge in placements and have always had hard-to-resist offers. This time as well, domestic packages offered at some of the premier IITs have not shown any dip. A package of Rs. 80 lakh has been offered by more than one firm on some campuses.

Several international firms conducted virtual interviews this year owing to the global pandemic. Among them, US IT giant Cohesity has offered the highest package of $200,000, which is a whooping Rs. 1.5 Crores. IIT Bombay also witnessed several selections made by Optiver for role of trading, software and Quant research. These positions are for their Amsterdam and Sydney offices.

As reported by Times Of India, domestic recruiters like Qualcomm picked 11 graduates from IIT Bombay and 8 from IIT Madras. The telecom major offered the highest package of Rs. 46.4 lakhs, which was followed by Rs. 39.7 lakh offered by WorldQuant, Rs. 37.2 lakh by Morgan Stanley and Rs. 35.3 lakh by Uber.

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IIT Placement

Also Read: Wise App by IIT-B Students Facilitate Digital Education In J&K

Around 18 companies were a part of the first session, and the highest offers were made by Microsoft, Google, Texas Instruments, Qualcomm, Boston Consulting Group. Apple, and Bain & Co at IIT-Bombay. A total of 153 pre-placement offers (PPOs) were made to the graduating class of 2021 from the institute.

IIT Kanpur witnessed a total of 226 offers on the very first day. Graviton Trading recruited 3 students at a package of Rs. 82 lakh and QuantBox offered a package of Rs 80 lakh to one student. Students at all campuses were quite happy as with the number of roles happened even during the pandemic situation. Optiver even conducted second slot of interviews to hire graduates of 2021 for exciting profiles.

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Sakshi Sood
Sakshi Sood
Sood is the social media guru we depend on for all crisis situations. How to get the right message, when to get it, she knows it all! The quietest of ‘em all, she love to travel with hubby dear

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