Quick View of the Placements at IITs in 2016

IIT Placements 2016 seem to have changed the landscape of on-campus hiring. With more than 30 startups and e-commerce firms banned, the institutes needed a serious backup strategy to maintain the placement graph. Despite calling the PSUs and other such organizations in the prime slots, IITs seem to be struggling with offers and packages.

There has been some serious depreciation in the number of domestic as well as international offers in 2016. Although some decent offers were rolled out, placements 2016 have seen major dips in packages.

Also Read: CSE Student of IIT-BHU Bags INR 1.20 Crore Offer from Oracle

Domestic Offers:

According to the statistics obtained regarding the IIT placements 2016, domestic offers have gone down by 15%. In 2016, highest salary offered by World Quant is Rs.25.20 lakh whereas the organization offered Rs.41.10 lakh (CTC) in 2015.

Check out the highest domestic offers of 2016 and 2015:

International Offers:

Students at the premier institutes have reported that this year’s placements have witnessed a fall in international offers. The reason behind the decline is the difference in Employee Stock Ownership Plans (ESOPs), bonus and other such factors. It has been estimated that international offers have fallen between 18% and 77%. Placement cell officials informed that only the base salary component is considered in this analysis.

Highest International offers in 2016:

An Indian Rupee equals 1.70 JPY.

Organizations that made it big in 2016:

The annual package did go up in 2016 but the domestic offers at IITs have gone done by a huge margin. Samsung, Microsoft and Oracle have been some of the most rigorous recruiters of 2016 that not only rolled out more opportunities but also offered great salaries. Other highest recruiters of 2016 were Yahoo, Uber and NEC Corporation. Following are some of the companies that have outshined the rest at IIT Placements 2016 with maximum offers:

The number of offers made by some organizations was less as compared to that in 2015. Last year Goldman Sachs hired 23 students, Dar Al Handasah Consultants recruited 19, Microsoft took 20 and Shiksha O Anusandhan University picked 17.

Also Read: IITs: Less Placement Offers in 2016

Close to 1500 students had registered for placements and around 850 have been recruited so far. IIT Placements 2016 did face a dip with some of the major startups and e-commerce companies such as Flipkart, etc. banned from the placement season. However, the premier Indian institutes seem to have come out of the season harmoniously without any major glitch.

Are you feeling lost and unsure about what career path to take after completing 12th standard?

Say goodbye to confusion and hello to a bright future!

Take The Free Test Now

Was this article helpful?

0 Upvotes

0 Downvotes