JOIN USMore IITians are showing interest in R&D this year
There has been a dramatic increase in the number of IITians who opted for Research and Development (R&D) at the placement campus here this year.
IIT-Madras concluded the first phase of placement on Friday with 880 students being placed from interviews conducted on campus from December 1. “There was an increase of 13 per cent in the number of students who have opted for R&D compared to previous year’s figure of mere two per cent,” Viswanathan, Professor, Mechanical Engineering and Advisor, Training and Placement said.
Stating that this year’s trend was towards start-up and e-commerce companies, many of which visited campuses all over the country, he said placements in start-ups have accounted for 13 per cent of the total number of students placed from IIT-Madras.In 2014, a total of 880 IITians being offered jobs by 295 companies and of the total, who were placed, 16 per cent were girl students. In 2013, a total of 905 students who were placed in 263 companies.
According to the professor, the highest domestic salary was Rs 34 lakh for which two offers were made, and the highest foreign salary is $1,29,500 for which three offers were made. “Numbers for this phase have almost matched last year’s numbers even though this year’s season is only half way through,” Viswanathan said.
He said there has been a five to ten per cent increase in the number of companies that have come on campus this year and a ten to 12 per cent increase in the salaries offered, even in core companies.
Cognizant Technology stood first among the recruiting companies to give 36 offers to the students followed by Ola cabs, which recruited 29 IITians.
MBA students had the highest percentage of placement of 92 per cent compared to previous year’s figure of 82 per cent.