IIT placements 2018 packages: Best ever season for young IITs; top salary even doubled
IIT placements 2018 packages: With 90-99% placements almost done, the Indian Institute of Technology Gandhinagar, Mandi, Hyderabad, Bhubaneswar, and Ropar are enjoying the best season ever. This time, the students from the newer IITs have gained the confidence of the recruiters, and it has also attracted higher salaries and bigger brands compared to the established IITs.
Some of the companies that have completed their recruitment in the newer IITs are Samsung, Amazon, Capgemini, Goldman Sachs, Reliance Jio Infocomm and Maruti Suzuki. While Deloitte, Publicis, Sapient and Mahindra & Mahindra, reported Economic Times.
The report also mentions that around 40% of engineering graduates at Mahindra now come from new IITs, compared with 15% until recently. Samsung hired nearly 60 students from new IITs this year. They have been hired for the roles in Internet of Things, artificial intelligence, machine learning, big data, and biometrics.
This year students are also getting higher salaries compared to the last year. This year the top salary in IIT -Gandhinagar has doubled from last year. There has been an increase of 18% in the average salaries at Mandi and Gandhinagar compared to the last year.
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IIT Mandi has seen a rise in the number of visiting companies from 31 last year to 58 this year. Due to which 90% of the students have already been placed. On the other hand, IIT-Ropar has also had also completed the placement of 90% of the students, by now.
IIT-Indore has experienced an exceptional placement season this year with 99% place already completed by now with 100 offers. 52 companies have visited the campus this year compared to 45 last year.
With 268 offers and 100 companies visiting the campus, IIT-Hyderabad has got the highest domestic offers this year by Qualcomm and Goldman Sachs. From 18, pre-placement offers have jumped to 47 this year.