B students get Rs 1 cr offer

B students get Rs 1 cr offer

B students get Rs 1 cr offer

Premature trends from pre-placement proposals at IITs (Indian Institutes of Technology) as well as concluding placements at other leading colleges of engineering represent that firms are providing nearly 60% higher wages as compared to previous year in emerging techs such as machine learning, artificial intelligence (AI), robotics, and data science for niche IT profiles, as per placement cells at these organizations.

Global offer salaries included NEC Japan - 45.70 lakh JPY/annum and Microsoft's Rs 1.39 crore package.

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A placement division official at IIT Bombay said that three students from the institute had also received pay packages of over 1 crore during first two days. "Though it's still too early and the data is yet to be collated, going by the early signs it looks like it's going to be a very good placement season", he added.

At IIT Bombay, PPOs (pre-placement offers), or job proposals given to candidates who at companies did internship, in IT segment outnumbered fiscal services PPOs in 2017. Sixteen companies participated in the first slot between 7am and 2pm, covering 24 job profiles. After the first round the placements will recommence in January and go on till May, 2018. More than 1,100 students, from different streams of study, registered for placement this year. "Scene is much better compared to a year ago", she said.

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A total of 93 offers were made in first slot. As per reports, it is said that Microsoft offered United States dollars 2,14,600 to a student, while Uber was ready with USD 1,55,000. He however did not divulge the highest pay package offered at the institute so far. ISRO had already gave six offers, thereby taking the total tally to 99, according to a release from IIT-Madras.

The first session witnessed participation of 16 companies including Apple, Microsoft, The Boston Consulting Group, Texas Instruments, Goldman Sachs, Samsung Research and IBM Research. Top Indian companies such as Oil and Natural Gas Corporation and Indian Space Research Organization are also among 50-odd companies and start-up ventures offering hefty packages to the IIT Roorkee students, said Prof NP Padhy, the placement in-charge.

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