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US technology company Intel was the top recruiter at the 2016-17 campus placement at IIT-Madras by hiring 29 students mostly with computer science domain, said Manu Santhanam, Advisor, Training and Placement, IIT-Madras.
The top salary offered this year was an annual package of $180,000 (about ₹1.15 crore), he said without divulging the company’s name. There was an increase in average and median salary by about 5 per cent, he said.
Citicorp (23 students), Samsung R&D (20), Cognizant Technology Solutions (19) and Eaton (19) were the other top recruiters, he told BusinessLine .
The number of start-ups that came for campus placement dropped to 53 from 139 in the previous year, he said.
“After several start-ups failed to keep their promises following the offers, students and placement office were a lot more cautious in inviting start-ups this year. This may be one of the reasons for the decline in the number of start-ups coming for campus placement. Those students who could not get into start-ups were given an opportunity this year during placement,” he said.
However, the lower number of start-ups was compensated by more hardcore technology companies such as Intel and public sector undertakings (PSUs) participating in large numbers.
Some of the top IT service companies, which are bulk recruiters, did not participate for the last couple of years, he said.
This year, eight PSUs, including ISRO, Coal India, HPCL and ONGC, selected a total of 39 students as against three PSUs and 19 students last year, he said.
Some of the companies were from sectors like analytic, consulting, education, finance and information technology, he said.
Santhanam said, while a majority of graduating students are placed through campus placement, some job opportunities come up through their respective department faculty via out-of-placement offers.
Exit data The exit data collected before 2016 convocation showed that the entire graduating class had either been placed, opted for higher studies or started their careers as entrepreneurs.
The current year’s exit data will be available in August, he said.
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