IIT placements jump up by 30%; more than 900 offers received by IIT Kharagpur in first 6 days

Things are looking great for IIT students as around 50-60 per cent of students have already been placed within a week since placements began. Placements for some of the older IITs are, in fact, up by 30 per cent from last year. It must be mentioned here that 2016-2017 was a slow year for placements.

Economic Times quoted Debasis Deb, Chairman of the career development centre at IIT Kharagpur that last year placements had slowed down but this year they are back to 75 per cent. Although around 75-79 per cent students across IITs usually get placed during the annual recruitments, but last year the average had dipped to 66 per cent of overall students. This year the numbers are catching up with the general trend.

Leading the IITs is IIT Kharagpur that has bagged more than 900 offers in the first six days itself. Debasis Deb mentions that it is an all-time record and that placements have jumped by 27 per cent from the same period last year. Things are similarly upbeat at IIT Madras where 144 companies have offered 540 jobs to its students. According to the Economic Times report, more than 53 per cent of students at IIT Guwahati have also landed jobs.

Placements at IIT Roorkee and IIT (BHU) Varanasi have also shot up by 30 per cent. At IIT BHU 527 students out of 1,055 students - that is 50 per cent - have already been placed.  IIT Roorkee too has received 600 offers, a significant hike from last year's 500 offers in the same period.

"Recruiters are hiring in big numbers this year as most companies are building teams for innovation and research," said NP Padhy, professor-in-charge, training and placement, IIT Roorkee, as mentioned in Economic Times.

Companies like Goldman Sachs, Samsung, Citi, and Microsoft have all gone to IIT campuses this year. This year Apple Inc., Nasdaq and Rubrik have also debuted. A host of Asian companies from Japan, Taiwan, South Korea and Singapore have made their way into recruitments as well.

Out of the companies, Microsoft is offering the fattest paycheck of Rs 1.39 crore across campuses.

This is only the first phase of the final placements and will continue till mid-December. Placements will resume in January and continue till March-April after a short break.