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HR & Payroll
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Nine students of IIT Kanpur were offered annual packages of Rs 22 lakh on Day One of the placement season on Tuesday, as multinational and local heavyweights gave a vote of confidence in the ongoing economic recovery and showed their hunger for top-drawer talent.
Royal Dutch/Shell, BCG, Morgan Stanley, Deutsche Bank, Tower Research, ITC, HUL, British Gas were among the big guns to visit the campuses of the premier tech institute in the country on Day One. Tower Research is one of the firms believed to be behind the Rs 22 lakh package in Kanpur. The identities of the other companies is not known.
Incidentally, this figure matched the highest overall package for Kanpur last year, and indicates that companies are not shy of quoting a high number on the first day of the placement season.
Other IITs across the country also saw high participation, but details about individual offers were not available. “We are quite upbeat about the process this year. We already have confirmations from over 160 companies,” said Ravi Sinha, IIT Bombay’s placement chairperson. Day One at IIT Bombay saw 21 companies participating across two slots, the second of which continued till as late as 2 am. The companies included Morgan Stanley, McKinsey & Co, BCG, Shell, Technology, Sony Corporation and Deutsche Bank.
At IIT-K, seven of the total of 90 companies, which confirmed for the process, visited on Day One. Each of these companies are expected to pick up 3-5 students each. At IIT Delhi, which has over 1,000 students to place this year, 150 companies have already confirmed participation, and its Day One placement itself notched up some international postings, students said.
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Source : T I
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