Students of the prestigious Indian Institute of Technology-Bombay (IIT-B) have got a 10 per cent jump in offered salaries despite the global economic slowdown.

Last year, 65 firms offered salary packages of over Rs 9.5 lakh a year, 43 firms offered between Rs 8 lakh and Rs 9.5 lakh and 61 companies offered packages between Rs 5 lakh and Rs 6.5 lakh. This year , the salary packages offered have been higher, said S. K. Mehta, Assistant Placement Officer, IIT-B.

100 companies

“Recruiters have already made around 900 offers to about 880 students so far. Around 600 students have yet to get placed,” Mehta said.

More than 100 companies are expected to visit the campus in the ongoing second phase of placements at the IIT-B. The first phase that started on December 1 saw over 240 companies making job offers .

Analytics, consulting, education, engineering and processing, finance, FMCG, IT/Software have been the main industry verticals hiring students.

Boston Consulting Group, McKinsey, Deutsche Bank, Goldman Sachs, Schlumberger, Morgan Stanley, Samsung, Google, Sony, Credit Suisse, Amazon, Adobe, Oracle, Yahoo, LinkedIn, Twitter Inc and digital marketing company Rocket Fuel have hired students.

Some opt out

“While two companies in the engineering and technology sector offered maximum jobs, 10 in the finance sector have offered 90 jobs. Offers from the finance sector have also increased compared to last year,” Mehta added.

Around 25 per cent of the students did not sit for placements this year.

“A few of them may be looking to become entrepreneurs and starting their own ventures, some others may go for higher studies or may have other career plans,” said Mehta.

(This article was published on January 19, 2013)
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