Five students of the Indian Institute of Technology, Kharagpur, have each received offers in excess of Rs 1 crore in the first five days of the ongoing final placements. Also, the number of international offers has shot up by 50% with Japanese firms leading the recruitment drive, followed by American companies.
Of the 2,005 students who have appeared for the placements, 50% have already received job offers and these include 280 pre-placement offers, officials said. As many as 144 companies had visited the premier tech campus for recruitment till Thursday.
American giants Microsoft, Uber and PayPal are the firms that have offered the fattest pay cheques this year.
Altogether, 44 offers have come from international firms against 26 each last year and in 2017. The bulk of the international offers — 28 — has come from just two Japanese tech giants.
Human resources experts aren’t surprised by the hiring spree or the fat offers in what has been a depressed market scenario with layoffs making headlines in recent times. The relative lack of impact of the economic slowdown on top-rung job offers is primarily because most of the hiring is being done by foreign multinationals, they say.
“Amid economic slowdown, new job creations get stuck. But India is currently witnessing a revolution in e-commerce, retail, hospitality and healthcare sectors. US-based investment and consultant outfits always offer a big sum to hire the best from tech and business schools,” said Genius Consultants founder R P Yadav.
Some of the leading recruiters this year are Honeywell, which has made 36 offers, followed by Exel that is keen to hire 25. Software giant Microsoft and Barclays have made offers to 24 and 20 students respectively. Tech giant Accenture Japan is another big recruiter with 19 offers.
The first phase of the placements will continue till December 11. It will resume after the Christmas and New Year break in the first week of January and continue till mid-April, 2020. In all, 220 companies have registered for recruitment in the phase 1.
“This has been the fastest 1,000 placements till date. We have a 20-member strong students’ team managing the placements right from interacting and inviting companies to conducting the placement activities. They are being led by a group of faculty members and Career Development Centre (CDC) officials. All team members along with the staff of CDC have been working relentlessly since last month to ensure the best experience for recruiters and students,” a CDC official said.
“Till now we have had an average presence of 28 companies per day. All major companies across sectors — software, hardware, consulting, core engineering , banking and finance — visited the campus. At least 60% of the firms deal in software and analytics, 30% represent the core sector and 10% are banking and finance companies,” said a student.
Though traditional sectors like housing, steel, coal, cement, manufacturing and infrastructure are facing a slump, HR specialists pointed to the continued growth in consulting, BFSI, conglomerates, FMCG, energy, logistics, pharma, fintech and IT to justify the success of the first phase of the placements.
Source: Times of India