M hiring:99 offers, 9 global, so far

A total of 195 job offers have been made on the first day of the placement season at the Indian Institute of Technology Madras with a majority from the analytics finance and consulting sectors

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Last year, the highest salary package offered at the institute was ₹95 lakh, which too was by Microsoft.

The package, which is highest in the history of the institute, have been offered to two computer science engineering and an electronics branch students, whose identity has not been disclosed. "Though it's still too early and the data is yet to be collated, going by the early signs it looks like it's going to be a very good placement season", he added.

There is a surge in the number of companies and number of offers made during the first day of placement this year. After the first round the placements will recommence in January and go on till May, 2018.

Analytics, finance and consulting jobs dominated the first day of campus placement in the Indian Institute of Technology, Madras (IIT-M), followed by core sectors and research and development. "We can confirm that they made offers in the first session of day one", officials said.

Falguni Banerjee, public relations officer at IIT Bombay said that global offers came from Microsoft, Goldman Sachs, P & G, Schlumberger, GE, Texas Instruments and Uber while a number of big recruiters from India had also lined up to hire students at fat pay packages.

For past few years, domestic firms have been offering pay packages between ₹20 and ₹35 lakh.

The first session witnessed participation of 16 companies including Apple, Microsoft, The Boston Consulting Group, Texas Instruments, Goldman Sachs, Samsung Research and IBM Research.

A member of placement cell at IIT Kanpur claimed that firms are proposing Rs 20-25 Lakh each year for new IT jobs such as machine learning and AI, up from Rs 15-20 Lakh that a usual recruiter might provide for any IT job till 2016. As many as 18 students accepted the government offer past year. Accordingly, the roster of the participant companies is made. The internships for students are facilitated through a coordinated process.

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