Bulk hiring has made a comeback at the campuses of engineering colleges in the country this year. Top Information Technology (IT) firms such as Infosys, Accenture, Wipro, Cognizant, etc. have hired in four digits. In certain cases, such firms have extended multiple offers to a single student. Unlike previous years, this year the engineering institutes have not earmarked Day 1 of placements for specific IT firms, so that they are able to place more students.
At SRM University in Chennai, 4,000 offers were extended on the very first day of placements, out of which 3,700 came from Infosys, Cognizant and Wipro, which made 1,105, 1,502 and 1,082 job offers respectively. Japanese firm Works Applications Company has offered the top salary of Rs 33 lakh. As per university officials, around 100 firms are expected to participate in the placement session of the engineering section alone.
At Chennai-based Vellore Institute of Technology (VIT), 5,828 offers came from four firms to the over 4,000 students. The offers were made by Cognizant, Wipro Technology, Infosys and Accenture during a single slot of placements, which began on Monday, September 1, 2014. According to institute officials, 3,200 students have found placements till now this year, up from 2,600 last year. The top annual package of Rs 24 lakh was offered by Code Nation. The average annual salary offered was Rs 4.5 lakh.
According to VIT officials, the institute places around 90 to 95% of its students each year and expects to place 100% students in the coming year. This is a tremendous feat since as per data from the National Association of Software and Services Companies (NASSCOM) on employability, a mere 20% of engineering graduates is employable.
During the first phase of placements at VIT, which began in July and is still on, 95 firms have visited the campus, up from 60 to 65 last year. Moreover, the firms dealing with IT product, core engineering and automobiles have offered 20% higher salaries.
The Slot-1 placement at the institute was shared by Accenture, Infosys, Cognizant and Wipro. The undergraduate (UG) and postgraduate (PG) students of VIT, graduating in 2015, received 5,828 offers from four Slot-I multinational companies (MNCs), which is a whopping 90% increase from last year. Last year 3,934 offers were extended to the students. Cognizant extended 1,911 offers, Infosys made 1,452 offers, Accenture made 1,324 and Wipro extended 1,141 job offers during the recently held mass recruitment process at VIT. The highlight was 1,911 offers from Cognizant, which surpassed its own record of hiring the most number of students from one particular institute, this year at VIT. The firm had extended offers to 1,820 students in 2012.
Other firms hiring from VIT included eBay and DeShaw. Moreover, Flipkart hired 15, Deloitte 67, Code Nation 1 and Schneider Electric extended offers to 31 students.
Campus placements of the 2015 graduating batch kicked off with the Master of Technology (M Tech) internship placements on Tuesday, June 17, 2014, during which Intel hired 38 students with a Rs 22,000 monthly stipend. Other prominent firms were NetApp, VmWare, GE, Cummins, Altiux, Trimble, Continental, Robert & Bosch, Ingersoll Rand, Alcatel Lucent, Athena Health, DEP, etc. Altogether 235 students gained internships. Core Engineering firms such as Maruti, L&T Constructions, ITC and Ford are expected to visit the campus for placement sessions starting in January.
At Veermata Jijabai Technological Institute (VJTI), Mumbai, Japan-based Rakuten has hired students, extending the highest offer of Rs 40 lakh. One more Japanese company IBJ Group has extended offers to three students of Rs 20 lakh each. According to institute officials, VJTI is expecting participation by mass recruiters on the campus shortly. This year, the institute needs to place around 500 students. Firms such as IBM, Accenture and Infosys are scheduled to visit the campus in the coming days to extend bulk placement offers.
Engineering institutes based in Pune have also seen a rise in placements this year. Around 700 out of the total 900 students from the College of Engineering, Pune, have bagged placements so far, compared to last year’s figure of less than 400.
This year, engineering colleges across the country have seen increased placement offers and more firms making such offers, according to reports. The surge in placements includes the Indian Institutes of Technology (IITs) as well as the non-IIT engineering colleges.
Source: Business Standard