Samsung is the highest paying international recruiter this year leaving behind Uber International

Samsung has offered the highest compensation this year at the IITs with $1.15 lakh or Rs 78 base salary. The global recruiter had given its offers through the mode of pre-placement and selected 10 candidates from IITs that included five students from Bombay IIT and two from Delhi IIT and Kanpur IIT.

 

Uber International was at the second place by offering a yearly salary of $1.1 lakh or Rs 75 lakh base salary. It had given this offer at the premier engineering institute of Madras IIT. The strength of graduates from the Computer science stream was reduced even before the campus placements commenced at Powai. More than 25 students had accepted diverse offers of pre-placement out of the total 125 students. By the end of the first day of placements at IIT -Bombay, around sixty offers were made by international companies. The similar were given to other IITs but there were lesser students selected this time compared to last year.

 

Top corporate firms hired on an average of four students while compared to the average of nine students last year. The eighteen international firms that participated in offering placements at IIT Bombay include Goldman Sachs, Deutsche Bank, Boston Consulting, Google, P&G, ITC, WorldQuant, Bain, Microsoft and AT Kearney. Two candidates were picked by the super rich Hedge Fund Millennium.

 

The students at IIT Bombay will be competing in the second session for receiving offers from eleven global giants that include NEC Corp, IBM, Sysmex, Xerox, Flow Traders, Uber International, Opera Consulting, PwC, Diac, Murata Manufacturing, and Schlumberger. On the conclusion of both the sessions for day one at IIT of Madras, around 57 placements were offered, as quoted by the Economic Times. These included three global offers from Uber International, Oracle, and Microsoft that were offered at the midnight shift from 12 to 6 am.

 

The firms that participated in offering placements at the morning session at IIT Madras included Samsung R&D Bangalore, Goldman Sachs, Dalberg Global Development Advisers, IBM Research, Texas Instruments, Microsoft India, Auctus Advisors, Boston Consulting Group, Uber India, Xerox Research Centre, Oracle India, VISA Inc, ITC Ltd, and Nutanix Technologies. The firms that offered placements more than four at IIT Madras were Goldman Sachs, VISA, ITC, Microsoft Oracle, and Samsung R&D. As of now the commencement of the placement session witnessed registration of 308 firms. The total number of students registered for securing placements from these firms is 1,327 that include 206 female scholars.

 

IIT Kharagpur witnessed 63 offers spread across 25 firms. This IIT has the policy of one offer for one- student. Around one-third of the total companies that offered placements at Kharagpur were international firms that offered overseas jobs. Among the participants in the placement session, some of the Banks from South East Asia were also present. The firms that participated in the placement session at IIT Delhi included platforms managing social media such as Parthenon, QuadEye, Tower Research, and Sprinklr. The common global consulting and IT companies were also among the firms present for offering placements.

 

The second half of the campus placement session witnessed participation from firms such as IBM Research, quant trader Open Futures Rocket Fuel, Finmechanics, and Kepler Cannon. Microsoft offered placement to a student at IIT of Roorkee. Mr. Padhy, the placement head said that on the first session a public sector undertaking and an organization of the central government were also given slots. It was surprising that these participant firms were quite aggressive in recruitment as the offer given by one public sector undertaking were equal to offers given by five IT firms, he added.