It's raining Rs 1 crore offers at IIT-Delhi

Sixty such offers have been made on Day 1 of the placement drive.

After the first day of its placement drive, the Indian Institute of Technology, Delhi, has reason to celebrate.

Sources say that around 60 offers above Rs 1 crore were made to its students.

Over 350 national and international organisations offering above 750 job profiles across multiple sectors have already registered for the placement drive, they added.

According to officials, there has been an over 45 per cent increase in the number of offers received by the campus, with over a 35 per cent increase in the indicative compensation offered by companies visiting on December 2 in comparison to last year.

‘IIT-Delhi students bagged over 400 placement offers, including pre-placement offers. This is the highest number – compared to the past five years -- at the end of the first day of the placement season on December 1. Many students have also bagged multiple placement offers.

‘Around 180 PPOs have been received as of now and seven students have opted for deferred placements. The deferred placement facility is available to students who wish to set up a start-up after their graduation,’ the institute said in a statement.

The students choosing the deferred placement option can avail placement services once within two years after availing this option.

Anishya Obhrai Madan, head, office of career services, IIT-Delhi said, “We are confident that, given the new ways of recruiting and our scheduling paradigm, companies will be able to make good hiring decisions. We look forward to this positive hiring trend continuing for the rest of the season.”

Top recruiters on the campus included Bain, Boston Consulting Group, Goldman Sachs, Graviton, Intel, Microsoft, NK Securities and Texas Instruments.

 “For the first time, few organisations have indicated that their salaries in India may be higher than those paid by organisations recruiting for international profiles,” Obhrai said.