JAIPUR: Its that time of the year again when the creme-de-la-creme from one of Indias premier educational institutions- the Birla Institute of Technology and Science (BITS) are swooped up by some of the best, most successful companies from across the world.
At this years campus recruitment drive at BITS- Pilani, in Rajasthan, Technology and e-commerce players have reportedly taken the lead over companies in core industries.
In a clear indication that the job scenario is looking bright and beautiful this year, companies have increased their compensation offer by 5-25%. Google has offered an annual package of a whopping Rs 1.40 crore to students selected this year, and the institute is hoping to break its last years record of Rs 1.44 crore, offered to one of its students by Facebook.
Although, Facebook, which visited BITS for three consecutive years till last year and offered the highest package in 2013, is not scheduled to visit the campus this year, TOI reports that with companies such as Linkedln, Microsoft, Flipkart, Schlumberger, Goldman Sachs and Amazon visiting the campus, students are indeed eyeing big offers.
The BITS placement session for 2014 started off with Google, which conducted its first round (written) on August 18 at the Pilani campus. The company’s HR team is slated to visit India in the first week of September.
This year, 2,300 BITS students are eligible for campus placements – 53 were placed in two days, with the highest domestic package of Rs 23.5 lakh. Microsoft and Schlumberger have also shortlisted students. Both have offered more than Rs 70-lakh annual package to BITS students.
Overall, BITS has placed 150 students at its three centres – Pilani, Goa and Hyderabad. In Goa and Hyderabad, the placement session started on August 13.
G Balasubramanium, chief placement officer at BITS-Pilani, said A good number of students sat for the first round. We hope that a few of our students will make it to the final selection, he hoped.
The placement officer admitted that attracting these big companies wouldn’t have been possible without the support of the alumni who have a wide network among companies. The institute is confident that by the end of April 2015, 100% students will get placements. A few students have shown interest in public sector undertakings (PSUs) due to revised pay grades.
Balasubramanium said, many students have opted out of the placement session to open their own startups. Among those who opted out of placement sessions, 10 have already started their companies, mostly in IT and communication.
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