786 from IIT-M placed as 1st phase of hiring ends

The highest offer was a Rs. 1.3-crore package from an international company

February 12, 2014 12:17 am | Updated May 18, 2016 07:31 am IST - CHENNAI:

Tech giant Cognizant came up with 27 offers — the maximum by a company — at the placement season of the Indian Institute of Technology-Madras (IIT-M), this year.

At the end of the first phase of the placement drive that began on December 1 last year, 906 offers were made by 231 companies that visited the campus. A total of 786 students have been placed so far.

The IITs have jointly decided to not reveal the names of the students with the highest offers.

However, the highest offer was a Rs. 1.3-crore per annum package. Eight students received offers worth more than Rs. 77 lakh per annum from international companies, mostly based in the United States.

The highest domestic offer this year was of Rs. 48.68 lakh per annum, and 35 students received offers above Rs. 20 lakh per annum.

Four companies gave more than 15 offers to the students and Cognizant topped the list with 27 offers. Samsung Research India, Bangalore, came up with 18 offers followed by Rajiv Gandhi University of Knowledge Technologies with 17 offers, and Epic with 16.

As many as 145 students of the mechanical department have been placed, topping the other departments at IIT-M. But, percentage wise, the computer science department was ranked first with 90 per cent placement in the first phase.

On the domestic placement front, Goldman Sachs (strategies group) topped the list of bunch offers with 10 offers of more than Rs. 20 lakh per annum. Samsung Research (six), E Bay Inc/Paypal India (four), Schlumberger Asia Services (three) and Intuit India Product Development Centre (three), came up with annual offers of more than Rs. 20 lakh.

Lt. Col. Jayakumar, deputy registrar of students and placements, IIT-M, said the placements would go on till the academic session and beyond.

“The modified strategy of inviting international companies offering international placements on day-one set the mood. As many as 25 international companies began recruitment on the first day in three shifts,” he said.

The second phase of placements is currently on.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.