NEW DELHI: The recently concluded placement phase at the Indian Institutes of Technologies across the country saw a dominance of big firms and multinational corporations while the job offers received from start-ups saw a dip of over 40 per cent, figures from India’s most premier engineering institutes show.
Authorities at placement sections at some of the top IITs said that there had been about 20 per cent rise in job offers received this year, as compared to last year and over 90 per cent offers were either international or large companies in the country.
“There were definitely some start-ups and e-commerce companies which hired students but their number was low,” a senior official in the placement division at IIT, Delhi told this newspaper. “We had not encouraged many of them to participate in this year’s recruitment process due to experience of delayed offers and offer revokes.”
A senior functionary with the placement division at IIT-Kharagpur, too, said that out of over 1800 job offers received at the institute, about 1750 offers came from multi-national firms from India and abroad.
“Hiring by start-ups has not been very high this year,” he said.
Bucking the trend, IIT-Madras also beat up IIT-Bombay, traditionally known for receiving highest job offers, in overall job offers received, according to available data.
A total of 763 offers were made in Phase I at IIT Madras. A total of 877 students were placed after adding 114 pre-placement offers to the total number of offers. In comparison, by end of Day 5, IIT-Bombay had placed 663 students out 733 offers that were made.
For IIT-Bombay, the high point was 60 international placement offers. International offers went up from 10 to 22 for IIT-Madras as well.
IIT-Roorkee witnessed one of the best placement seasons this year with over 843 offers handed out to students in first phase of placements with 205 participating companies.
Out of the total 843 offers, 295 were from core sector and 548 were non-core sector offers.
Microsoft, Webstaff, Mercari, Goldman Sachs, Tower Research, Uber, Samsung, Directi, Walmart, Texas Instruments, Accenture, ITC, Schlumberger, J.P. Morgan, Flipkart, Qualcomm, Oracle, Bain, Citicorp Services India Pvt. Ltd., Maruti, Tata Motors, Tata Steel, Bajaj Auto, Hero and Mahindra & Mahindra were some of the companies which came to the campus for hiring in the first week.
At IIT Kharagpur too, several MNCs participated in the recruitment process for the first time including Apple—which offered jobs to five students for its India office.
Sources across IITs said that there was 15-25 per cent rise in total number of companies taking part in the recruitment process in the first phase of final placements, that ended mid-December, and there has been a remarkable rise in international offers.
As the first round of the placements conclude, a second phase will recommence in January and go on till May, 2018.