33 lakh package bagged by NIT Jamshedpur Student

JAMSHEDPUR: The placement drive at the National Institute of Technology (NIT), Jamshedpur saw the Samsung Group of companies offer jobs to 44 students for an annual package of Rs 8 lakh.

The college has claimed that for the first time in its history, a single group of company has offered such a high number of jobs to the students.

Of the 44 successful candidates, 43 belong to B Tech (42 computer science and one electronics engineering) while another is from the MCA stream, said the college authorities.

So far 73 companies have visited the institute and 466 job offers have been made to B Tech and MCA students in the ongoing placement season that commenced in October last year.

The highest annual package of around Rs 33 lakh was offered by Work Application of Japan to two computer science students earlier in the year when placement drive kicked off. Piyush Golani and Lokesh Khandelwal of computer science stream of the college were the lucky ones to bag the plum offer.

Public sector company Power Grid Corporation of India Limited along with leading private entities namely Tata Motors, Honda R&D, Tata Telcon, Trident and Rancore Technologies, are among the few that have visited the government engineering college so far.

IIT Madras highest offer is Rs. 1.3-crore

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.