MUMBAI: The premier IITs began their placements on a quiet note on Friday. Day 1 saw the crore-plus packages coming in, but it left everyone with a question on whether this will be a happy season for all.
The number of participating companies at IIT-Bombay are almost the same as last year—around 350. The number of job announcement forms(JAFs), however, are fewer as compared to last year.These are forms filled by companies enlisting information regarding job profiles which they are looking for. While 450 JAFs have been filled, last year there were more than 500 JAFs, a source said.
The first day saw around 40 companies holding interviews in two slots. Compared to last year’s Day 1, 80% of the regular recruiters participated this year. Three PSUs —HPCL, C-DOT and ONGC —have already recruited students. The companies that participated on Friday for domestic profiles included Google, Apple and Microsoft.
Barclays is offering Rs 1 crore-plus offers for postings in Singapore. Qualcomm also offered high packages and came with multiple roles —salary packages ranged from Rs 40 lakh to Rs 60 lakh. Of the consultancy firms that descended on the campus in slot 1, some of the regulars that were missing included Bain, BCG, Morgan Stanley, Databricks.
Da Vinci Derivatives, Hudson River Trading, Quantbox Research, NK Securities and Graviton Research are some of the high-frequency trading firms offering crore-plus packages at the institute this season. Jane Streetwhich had made the top offer last year, was conspicuous by its absence.
The institute saw a marginal increase in the number of pre-placement offers (PPOs) accepted—from 194 last year to 200.
Ola CEO Bhavish Aggarwal on Thursday wrote on social media platform X, “Doing many day 0 campus interviews today at IITs. Such bright and energetic young people! Can’t be more excited about the future of our country!!…Will also be at IIT-B tomorrow morning 3am to hire day 0 from my college when I didn’t get a day 0 job myself.”
By the end of the first slot on Day 1 at 1pm, IIT-Roorkee had already secured three international offers and 358 domestic offers. Its statement mentioned that the institute had received the highest international salary as compared to last year. Some of the notable recruiters include Cohesity, Databricks, Flipkart, Google, Hilabs, HPCL, Indus Insights, Intel Technologies, Microsoft, Nvidia, Qualcomm among others.
IIT-Guwahati, till Friday evening, had around 11 offers above Rs 1 crore, as opposed to seven in 2022-23. Around 60 companies had made around 165 offers till 5.30pm on Friday. This was marginally higher than last year. The institute recorded 214 PPOs this year.
The number of participating companies at IIT-Bombay are almost the same as last year—around 350. The number of job announcement forms(JAFs), however, are fewer as compared to last year.These are forms filled by companies enlisting information regarding job profiles which they are looking for. While 450 JAFs have been filled, last year there were more than 500 JAFs, a source said.
The first day saw around 40 companies holding interviews in two slots. Compared to last year’s Day 1, 80% of the regular recruiters participated this year. Three PSUs —HPCL, C-DOT and ONGC —have already recruited students. The companies that participated on Friday for domestic profiles included Google, Apple and Microsoft.
Barclays is offering Rs 1 crore-plus offers for postings in Singapore. Qualcomm also offered high packages and came with multiple roles —salary packages ranged from Rs 40 lakh to Rs 60 lakh. Of the consultancy firms that descended on the campus in slot 1, some of the regulars that were missing included Bain, BCG, Morgan Stanley, Databricks.
Da Vinci Derivatives, Hudson River Trading, Quantbox Research, NK Securities and Graviton Research are some of the high-frequency trading firms offering crore-plus packages at the institute this season. Jane Streetwhich had made the top offer last year, was conspicuous by its absence.
The institute saw a marginal increase in the number of pre-placement offers (PPOs) accepted—from 194 last year to 200.
Ola CEO Bhavish Aggarwal on Thursday wrote on social media platform X, “Doing many day 0 campus interviews today at IITs. Such bright and energetic young people! Can’t be more excited about the future of our country!!…Will also be at IIT-B tomorrow morning 3am to hire day 0 from my college when I didn’t get a day 0 job myself.”
By the end of the first slot on Day 1 at 1pm, IIT-Roorkee had already secured three international offers and 358 domestic offers. Its statement mentioned that the institute had received the highest international salary as compared to last year. Some of the notable recruiters include Cohesity, Databricks, Flipkart, Google, Hilabs, HPCL, Indus Insights, Intel Technologies, Microsoft, Nvidia, Qualcomm among others.
IIT-Guwahati, till Friday evening, had around 11 offers above Rs 1 crore, as opposed to seven in 2022-23. Around 60 companies had made around 165 offers till 5.30pm on Friday. This was marginally higher than last year. The institute recorded 214 PPOs this year.