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30% increase in job offers at IIT-Madras this year

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The Economic Times
05th December, 2018 11:21 IST

CHENNAI: Rush for talent in analytics, consulting and finance has propelled the ongoing placement session at IIT Madras, which at the half way stage has seen a 30% increase in number of job offers and a 25% increase in companies visiting the campus. A third of all job offers are in these sunrise categories.

Transnational corporations including Microsoft, Intel, Qualcomm, Citigroup participated in the placements, and 20 startups including Udaan, e-bike maker Ather Energy, fintech firm CureFit, picked up 78 students.

While Micron Tech and Intel issued offers for 26 students each, Microsoft and Citigroup offered jobs for 25 and 22 students. Among startups, Indus Insights & Analytical Services made 12 offers, the highest.

Prof Manu Santhanam, advisor (placements) at IIT-M, said the institute recorded a “great start” and hoped that the strong trends would continue over the remaining four days.

There were 13 international offers from Microsoft (for postings in the US), Uber (US), data enterprise Rubrik (US), and Micron Technology (Singapore) among others.

At the half-way mark, 133 companies made 680 job offers, and pre-placement offers (internships) offered earlier take the total number of jobs to 816. The previous academic year (2017-18) saw 106 companies make 526 offers (643 including PPOs) at the same point of time.

Among postgraduates, 374 received job offers by the end of day three. At the same stage last year, 307 post-graduates received offers.

Though core engineering and R&D jobs marginally dipped from same time last year, IIT-M said more core companies are scheduled to hire in the remaining days of placements. The current phase of placements ends on December 8.

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