 "'Make in India' now finds place in IIT placements")
Prime Minister Narendra Modi’s Make in India campaign has found resonance at the Indian Institutes of Technology (IITs), which are willing to push manufacturing firms up to Day-1 slots during the final placements process.
IIT-Bombay has decided to offer Day-1 placement slots to manufacturing companies alongside consulting and financial firms. The IITs’ final placements process is set to begin on December 1.
“Manufacturing has had a raw deal so far. In keeping with the government's policy to give it a fillip, we have invited manufacturing and engineering companies on day one,” said Avijit Chatterjee, in charge of placements at IIT-Bombay.
Usually, Day-1 slots are reserved for industries like consulting, finance and information technology, which offer the most lucrative jobs. Manufacturing and engineering companies normally find a later slot at IITs because the packages they offer are not as attractive.
Recruiters from the manufacturing sector, too feel there is a need for change in strategy during placements at IITs. “When manufacturing companies are going to the campus, they need to change their strategies to attract the best talent. If the Make in India campaign happens, industry will have to shift from somehow managed manufacturing to excellence and you need to give high wage for the high talent coming in from IITs. There was a perception so far that manufacturing was not quite rewarding but this whole thing will change,” says Ratish Jha, senior vice-president — human resources, Raychem RPG.
Jha anticipates a 10-15 per cent rise in wages from the manufacturing sector this year during placements.
The IITs said they expected more students to choose manufacturing jobs this year.
The institutes are confident the core sectors, including manufacturing, will resurge in placements. According to placement committee members at IIT-Madras, the core sectors look promising this year.
The number of recruiters is also projected to rise. At IIT-Guwahati, besides marquee recruiters such as Google, Microsoft and Oracle, first-timers, Walmart and LinkedIn have confirmed their participation in final placements. Against 120-130 recruiters last year, IIT-Guwahati is expecting 200 this year.
Buoyancy seems to be returning to the placements process with high anticipation of increased international offers. IIT-Madras expected more international offers this year, the institute said, adding that 243 companies had registered so far. The other IITs were yet to respond to queries at the time of going to press.
The IITs said they saw a surge in job offers. Salary packages have so far increased between 10 per cent and 20 per cent. Apart from better average compensation, the institutes hope for a repeat of the Rs 1-crore-plus packages seen last year. To make offers more attractive, even stock options were doled out. Google had made Rs 1.5-crore offers across IITs in 2013.
In a sign of an improved placement scenario, pre-placement offers have come in at IIT-Madras from Hindustan Unilever, LinkedIn, Qualcomm, Samsung, Tata Steel, Wipro, Sony, Goldman Sachs and Reliance Industries, among others.
IIT-Bombay has decided to offer Day-1 placement slots to manufacturing companies alongside consulting and financial firms. The IITs’ final placements process is set to begin on December 1.
“Manufacturing has had a raw deal so far. In keeping with the government's policy to give it a fillip, we have invited manufacturing and engineering companies on day one,” said Avijit Chatterjee, in charge of placements at IIT-Bombay.
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Usually, Day-1 slots are reserved for industries like consulting, finance and information technology, which offer the most lucrative jobs. Manufacturing and engineering companies normally find a later slot at IITs because the packages they offer are not as attractive.
Recruiters from the manufacturing sector, too feel there is a need for change in strategy during placements at IITs. “When manufacturing companies are going to the campus, they need to change their strategies to attract the best talent. If the Make in India campaign happens, industry will have to shift from somehow managed manufacturing to excellence and you need to give high wage for the high talent coming in from IITs. There was a perception so far that manufacturing was not quite rewarding but this whole thing will change,” says Ratish Jha, senior vice-president — human resources, Raychem RPG.
Jha anticipates a 10-15 per cent rise in wages from the manufacturing sector this year during placements.
The IITs said they expected more students to choose manufacturing jobs this year.
The institutes are confident the core sectors, including manufacturing, will resurge in placements. According to placement committee members at IIT-Madras, the core sectors look promising this year.
The number of recruiters is also projected to rise. At IIT-Guwahati, besides marquee recruiters such as Google, Microsoft and Oracle, first-timers, Walmart and LinkedIn have confirmed their participation in final placements. Against 120-130 recruiters last year, IIT-Guwahati is expecting 200 this year.
Buoyancy seems to be returning to the placements process with high anticipation of increased international offers. IIT-Madras expected more international offers this year, the institute said, adding that 243 companies had registered so far. The other IITs were yet to respond to queries at the time of going to press.
The IITs said they saw a surge in job offers. Salary packages have so far increased between 10 per cent and 20 per cent. Apart from better average compensation, the institutes hope for a repeat of the Rs 1-crore-plus packages seen last year. To make offers more attractive, even stock options were doled out. Google had made Rs 1.5-crore offers across IITs in 2013.
In a sign of an improved placement scenario, pre-placement offers have come in at IIT-Madras from Hindustan Unilever, LinkedIn, Qualcomm, Samsung, Tata Steel, Wipro, Sony, Goldman Sachs and Reliance Industries, among others.