The new year has brought a glint of cheer and hope on Kolkata campuses, with several students getting placed in companies that have resumed campus recruitment drives after a freeze for most of 2020, because of the pandemic.
At institutions like Jadavpur University (JU), big names like Amazon, Airbus, Tata Steel and Citibank have already hired. Almost all engineering graduates have got placed, with economics also in demand by headhunters. At JD Birla Institute, 12 BCom final-year students and one MCom student have been placed at Deloitte with an annual package of Rs 5,50,000 and Rs 5,94,000 res-pectively.
Several college principals, who interacted with representatives of the companies during the campus drives, said many companies wanted to replace their mid-level positions with junior-level employees, which has led to a surge in campus hiring. Many other companies are hiring freshers for financial reasons.
Samita Bhattacharya, officer on special duty of the placement and training cell, JU, said big names have already started hiring students from the campus. Companies like Airbus and Tata Steel have hired from core engineering departments, while Amazon, DE Shaw and Company and other brands are hiring from the IT pool. Citibank and other financial institutions have hired economics students. Goldman Sachs is expected to hold interviews later this week.
The university will release the final data in the middle of the year.
“Several very big names have started hiring and Covid does not seem to be impacting the process,” said Bhattacharya.
At JD Birla Institute, Deloitte has already hired, while Wipro is in the process of finalising offers. “An M Com and 12 B Com final-year students have been selected by Deloitte after the campus drive with a CTC of Rs 5,94,000 for MCom and Rs 5,50,000 for BCom, respectively. Wipro, which has finalised several of our students, is in the process of hiring,” said Deepali Singhee, the principal.
Companies like DE Shaw (multinational investment management firm) and Wipro have wrapped up online assessment at Goenka College of Commerce and Business administration. “Several outgoing students have cleared online assessment and will be appearing for the technical round on January 12,” said a senior official of the college’s placement cell.
Miraj D Shah, vice-chairman of The Bhawanipur Education Society College, said most students who had expressed desire for campus recruitment were placed successfully. “We have companies like Indigo, Vodafone, Deloitte and KPMG doing campus drives. Almost all the students who wished to get placed did it successfully. We were fearing that the pandemic might jeopardise the chances of our students but, thankfully, were proven wrong,” said Shah.
At Seth Anandaram Jaipuria College, a private bank and a private insurance company have hired fresh graduates. “It is a very encouraging trend that companies are not freezing their campus recruitment drives even when the pandemic has caused so much damage,” said Ashok Mukhopadhyay, the principal.
Headhunters say companies don’t want their competition to hire up the best talents, which would give them an edge when the economy revives. “Most companies are hiring fresh graduates because it doesn’t impact the financial budget much. Later-stage hiring is happening only if it’s an emergency,” said the HR head of a company with interests in shipping, tea and hospitality.