MUMBAI: Microsoft emerged as the leading recruiter for US jobs on Day One of placements across IITs on Friday.
The software giant is believed to have offered the highest package of Rs 1.4 crore, inclusive of bonuses and stock options, for profiles in their Redmond headquarters and picked about a dozen students from across campuses. At IIT-Bombay, Microsoft shortlisted four to five candidates from the computer science and engineering department, but the final list will be out only on Saturday.
At IITMadras and IIT-Kanpur, the firm picked four candidates each. Students from IIT-Delhi, IIT-Guwahati (2) and Roorkee, too, were hired for US profiles by Microsoft. The placement drive at IITDelhi started on a high note with a computer science student bagging the crore-plus offer from Microsoft. Though official data is not released, students claimed Microsoft (US) has been one of the highest paying firms this year.
Those placed with Microsoft India have been offered around Rs 34 lakh per annum. Other US jobs for graduates from the prestigious Indian Institutes of Technology came from Uber International, Indeed, a hiring portal, and first-time recruiter Rubrik (a cloud data management firm).
Uber, which has offered a package of Rs 99.8 lakh has picked one candidate each from the Mumbai and Chennai campuses. The transportation technology company visited other campuses too. Most US firms have offered an alternative backup option to students in their India offices, if students fail to get visas. At IIT-Kharagpur, first-time recruiter Apple picked five students from the department of computer science and engineering.
The positions offered are in the field of data analytics. “Artificial intelligence and data science have huge demand in the job market at the moment,” a source said. Some of the highest domestic packages have been offered by Tower Research, WorldQuant and Blackstone. Tower Research and World- Quant are said to have offered a package of around Rs 45 lakh.
At IIT-Bombay, Texas Instruments made five offers, eight came from Goldman Sachs, BCG picked seven students and Booz five. The Day One slot at the institute saw companies like ITC, Cairn, Morgan Stanley, Schlumberger, Blackstone, Microsoft, Indeed, Millennium, Proctor and Gamble, TSMC, Uber, ITC and Deutsche Bank. Later in the day, slot two was domina-ted by IT firms such as IBM, Sony Japan, Apple, Palantir, NEC Japan, Qualcomm, Paypal, Rubrik.
Around 1,700 students have registered for placements this year at the Powai campus and the institute is expecting over 225 companies to participate in the first phase. At IIT-Madras, a total of 93 offers were made in the first slot, including nine international offers. Apart from Microsoft and Uber, Rubrik and Indeed made the global offers. “There is not much difference salary package-wise if you compare this year’s placement with that of last year. But we have more offers. And more international offers,” said Manu Santhanam, advisor, (training and placement) at IIT-Madras.
At Roorkee, 195 offers (including PPOs) were made, of which four were international offers by Microsoft Redmond and Webstaff. A total of 240 companies have registered for placements this year with 48 start-up companies versus 25 last year and 4 PSU companies.