Shower of US jobs for IIT-Delhi pupils; over 20 students get offers paying over $100,000 base pay
It’s raining international job offers at Indian Institute of Technology, Delhi this year, with most of the students choosing USA for their first job, after B.Tech.
According to the placement cell of IIT-D, last year only eight international job offers came to the campus, out of which four were rejected, this year the number of offers has gone up to 40 after the completion of the first phase.
“Last year there were eight international job offers but out of them four were rejected by students who chose Indian companies over international. This year, the number has gone up to 40, and out of those 40 offers, around 20 are from USA. Over 20 students have bagged offers paying over US $100,000 base pay. Other job offers are from countries like Japan, Singapore and Taiwan,” said a placement co-ordinator at IIT-D.
“Students who got international job offers chose US-based companies over other countries, for better growth opportunities in the beginning of their career. The companies are paying, over 60 lakh plus annual salaries to undergraduate students, mostly in core sectors like IT,” she added.
Around 60 per cent of the undergraduate students at IIT-D have already been placed with the completion of the first phase of placement that started on December 1. The second phase of placements is supposed to start from the first week of January.
As per the trends shared by the placement cell, around 73 per cent of students were placed in core jobs (since companies offering Information Technology profiles are core to many including Computer Science, Electrical Engineering and Mathematics). The number of start-ups coming to the campus drastically declined as compared to the last academic session. This was a common trend common at all IITs after the Flipkart hiring fiasco in the last session of placement at IITs. The Indian Institutes of Management (IIMs) had also shunned start-ups during their summer placements early this year.
Another trend which was common to all IITs this year was the return of the PSUs to campuses. Almost all major IITs had more than double the number of PSUs – both Maharatnas and Navratnas — who participated in the recruitment process.
IIT-D also saw PSUs coming to recruit undergraduate students. “Some PSU selection panels visited the campus in December. A few other PSU selection panels are expected to visit the campus in the second phase of placements resuming in January,” a statement from the placement cell read.
PSU OVER START-UP
The number of start-ups coming to the campus drastically declined as compared to the last academic session. Common at all IITs after the Flipkart hiring fiasco in the last placement session at IITs. The Indian Institutes of Management had also shunned start-ups during their summer placements early this year. However, Almost all major IITs had more than double the number of PSUs – both Maharatnas and Navratnas – who participated in the recruitment process.