Mumbai: On its first day of placements on
Friday, the high-profile Indian Institute of Technology Bombay (IIT-B)
attracted a large numbers of companies — two of the biggest being Microsoft and
Uber. Both the companies reportedly offered nearly Rs 1 crore annual packages,
although the institute did not confirm the reports.
However, even as the
numbers on the package were lucrative, there were concerns over the issues
surrounding international visas. Last year, several students who had managed to
bag top international offers were later offered positions in the national
branches of the companies due to visa issues.
Some of the other
prominent recruiters in the first slot, which ended on Friday evening, also
included P&G, Goldman Sachs, BCG, Texas Instruments, GE and Schlumberger,
amongst others.
Renowned American private
equity firm — Blackstone — reportedly made one of the best offers with an
annual package of Rs 44 lakh.
Day 1 was dominated by
software, consultancy, and engineering firms; start-ups did not make an
appearance on Friday. This year, around 1,700 students have registered for the
campus placements and the institute expects more than 225 companies to
participate. The institute has seen a rise in the number of PPOs as compared to
the last few years, with 137 companies having made their offers before the
placements kickstarted.
For the first time, Public
Service Undertakings (PSUs) also conducted interviews at the IIT-B campus
before the beginning of the first phase of placements. Some of the prominent
PSUs that conducted interviews in the campus include Indian Space Research
organisation (ISRO) and Bharat Petroleum Corporation Limited (BPCL)Bharat
Petroleum Corporation Limited (BPCL).
“The overall selections on
the first day have been great and we are hoping that the numbers will be better
in the next few days” said a member of the placement committee.
Source: DNA-2nd December,2017
