IT, analytics firms mark presence on day 2 of IIT placements

The second day of final placements at the Indian Institutes of Technology (IITs) saw the IT, analytics and consulting sectors taking over, even as an overall number of offers trickled down marginally as compared to last year.

According to IITs, the early trends of the first slot before the end of the day showed the number of offers as well as international packages falling marginally by 5-7% on the second day, also called as 'Day 1', since the first day of placements is termed as Day Zero. Details for the second slot were awaited.

"So far, the first slot shows that the number of offers is lower by 5-7% as compared to last time. While domestic packages have grown by 5-6%, international packages have seen a decline in some cases. More or less all sectors participated including core sector, IT, analytics and banking. However, we are seeing a jump in a number of analytics firms," said Debasis Deb, chairman, Career Development Centre, IIT Kharagpur.

Deb added that gradually the trend has been moving towards IT and analytics as the day's progress. "However, initially we are trying to balance the sectors," he added. The second day saw in all 25 firms confirming participation. The first day saw IIT Kharagpur bagging 127 offers, taking the total offers to 307 including pre-placement offers (PPOs).

At IIT Madras too, most of the firms on the second day represented IT, analytics and consulting sectors. "Today, we are expecting 45-50 firms across both the slots. Most of the companies are from IT, analytics, and consulting sectors," Manu Santhanam, Advisor, Training & Placement, IIT Madras told Business Standard.

Companies that visited IIT Madras on second day included the likes of VMWare, Schlumberger, PayPal, Rolls Royce, Cisco, Amazon, Directi, HSBC, CleanMax Solar, McKinsey Gurgaon Knowledge Centre, Eaton, Code Nation, Squarepoint Capital, Analog Devices, Airbus, ANI Technologies, Rivigo Services, PayTM, and Vedanta, among others, making 89 offers. Of these, Squarepoint Capital made an international offer.

Day-1 of the placements at IIT Madras had earlier seen more than 25 companies comprising top recruiters such as Microsoft, Goldman Sachs, JP Morgan, Intel and Samsung R&D, making more than 130 offers.

The Day-1 of campus placement season 2016-17 at IIT Bombay saw the participation of core companies, consulting firms, and PSUs among others. According to the institute, major recruiters included Goldman Sachs Services, ONGC, Texas Instruments India, Microsoft, GE India, Airbus Group India, Cairn India, NEC Japan, Murata Group Japan, Qualcomm, Schlumberger Asia Services Ltd., Tata Steel, and Xerox Research Center.

IIT Bombay saw more than 150 offers with the participation of over 32 companies on the first day of placements, of which more than 20 were international job offers. This year, the placement season at IIT Bombay is expected to see more than about 225 companies visiting the campus.