Institutes witness record placement despite pandemic

Institutes witness record placement despite pandemic

The placement drive for the final year graduates have begun at most institutes for students who will pass out in 2021. Despite the pandemic and the subsequent economic slowdown, the universities and institutes are not experiencing any decline in the number of recruiters or package.

IIT Madras set the record for the highest number of placements on the first day of campus recruitment. A total of 123 offers were made by 22 companies during the first session of the placement as against 102 offers made by 20 companies at the end of the first session in 2019-20.

“The hiring this year has been the highest in any of the preceding academic years, says CS Shankar Ram, advisor, Training and Placement, IIT Madras. The big recruiters of this year’s first session include Microsoft, Texas Instruments, Bajaj Auto, ISRO, Alphonso, and Qualcomm.

At IIT Roorkee, the CTC has magnificently exceeded from the previous academic years. The highest domestic CTC was Rs 60 lakh in the previous session while it is Rs 80 lakh this year. Around 107 companies including Accenture Japan, Axis Bank, Dgraph, Eaton, HiLabs, Icertis, Navi, Oil India Ltd have participated in the process so far.

“The institutes are receiving increased offers this year despite the pandemic as there are several sectors that are growing and are trying to revamp, says Vinay Sharma, professor in-charge, Placement and Internship, IIT Roorkee. Best human resource is required in both cases alongwith skilled manpower to function and devise strategies for better growth during trying times. Students of IIT have been consistently performing well and are regarded as a human resource par excellence, he adds.

At IIT BHU, 30 companies have visited the campus for recruitment so far offering 217 jobs with annual CTC ranging from Rs 64,26,578 to Rs 11,50,000 per annum. Last year the CTC was Rs 58.21 lakh to Rs 10 lakh per annum.

Private engineering colleges witnessed a rise in hiring in the technology sector and students from Computer Science, Software Engineering, Cloud Computing, Data Analytics and Electronic Engineering are in demand.

“The pandemic has affected everybody including most businesses and several companies have kept their hiring plans on hold or have cancelled it. But there are also several companies, especially on the technology front, where the hiring requirement has increased. The combined average package so far for MBA is Rs 7.32 lakhs at JK Lakshmipat University (JKLU). While, that for engineering is Rs 4.5 lakhs,” says RL Raina, vice chancellor, JKLU, Jaipur.
Students with specialisation in Cloud Computing, Cyber Security, AI and ML, Robotics Process Automation, Data Science especially healthcare analytics are getting better starting salaries this year,” says Saravanan Balasubrahmanyam, head, Placements, Sona college of Technology.
There is hardly any impact on the placements due to pandemic and economic slowdown, says ST Jothi Basu, manager, Placement Career Development Centre, SSN College of Engineering, Chennai.
Placement at SSN has seen phenomenal growth during this pandemic period. More than 150 companies including a few core companies have completed virtual placement drives and about 20% of the eligible students at SSN have received offers of Rs 10 lakhs and above during this period,” he adds. The highest package stands at Rs 64 lakhs per annum and the average salary is Rs 7.5 lakhs per annum during the first phase of virtual placement season.

Source From : Times Of India

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