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IIT-B placement offers at 4-yr low

In the midst of the pandemic, IIT Bombay saw international offers in the first phase of campus placements drop to 58 this year from 156 last year. At IIT-Kharagpur , the number dropped to 30 from 43 and IIT-Madras to 14 from 33 in the first phase last year.

Last year, the Powai institute had seen a 75% rise in international offers from 89 in 2018.

Including pre-placement offers, in the first phase this year, IIT-B got a total of 1,128 offers —down from last year’s 1,319. The number is the lowest in four years. At IIT- Madras, it dropped to 945 from 1,045 and IIT-Kharagpur to 1,100 from 1,275. At IITKanpur, 232 recruiters made 821 offers, including pre-placement. It has received 19 international offers so far. IIT-Roorkee had 770 offers from 206 firms, of which nine were for international roles.

Despite the pandemic as well as the economic slowdown, placement cells at most IITs have managed to retain the total number of firms that visited the campuses by aggressively reaching out to newer companies. The number of recruiters visiting IIT-B therefore was at an alltime high this year.

However, the number of offers made by many of the firms dropped this year, bringing down the overall offers made in the first phase of placements, which ended this week.

Officials from most IITs, though, said comparison with previous years would be unfair, considering the economy, travel and logistical challenges in the pandemic. They said the placements, in fact, have been robust despite the challenges.

“Companies have become very choosy this year. Instead of the usual four or five students, many have picked one or two. Many probably would want to wait and see how the pandemic progresses,” said a student from a placement cell. Several IITs will continue to recruit in the coming days and the second phase will start in January.

At IIT-Bombay, a UAE-based manufacturing firm, Halcon, which had picked 37 students for international roles last year, did not visit this time. Several firms may not be keen to hire students from overseas, added a representative. Many IITs received offers from Japanese and Taiwanese firms. At IIT-Kharapur, the offers from these countries are higher than in 2018. At IIT-B, international offers came from Japan, UAE, Singapore, Hong Kong, Taiwan, Netherlands and one from the US.

The average package this year was Rs 18.4 lakh per annum at IIT-B in the first phase— a drop from last year’s Rs 20.3 lakh. While the average package in IT and software increased to Rs 22.35 lakh from Rs 21 lakh, there was as a drop in the average package in engineering and technology to Rs 16 lakh from Rs 21 lakh, and research and development to Rs 22 lakh from Rs 27 lakh.