IT the crowd-puller at IIT-D, startups most favoured option
The Information technology (IT) sector is the most popular sector as witnessed from the first four days of placements at IIT-Delhi.
Over 40 per cent of the placements have taken place in this sector, followed by recruitments in consulting and core technical departments at 21 per cent. The minimum placement has been seen in analytics sector at 4 per cent as of now.
The number of job profiles provided by organisations saw an increase by 10 per cent, with the total number of job offers excluding the preferred provider organisation (PPO) in the first four days crossing 400.
An average base package pay of $100,000 per annum has been set by most of the technology companies.
As most of the technology companies are US based, many international positions are being offered to students in the USA.
However, many Japanese companies have provided placements in India itself with an average increase in the overall package at 10-20 per cent.
Startups, too, have made their presence felt at the placements in the premier engineering institute as many students, despite getting very high packages from reputed companies, have turned down the offers and expressed their desire to work with startups.
“There can be two reasons as to why most of my friends are opting for working in startups. First, most international companies are offering jobs outside India. Secondly, working in a startup provides us with more opportunities to hone our entrepreneurial skills,” said a student, requesting anonymity.