iNDICA NEWS BUREAU-
IIT Bombay is the first target for the US-based IT firm, Cohesity, and first-time recruiter Glean, who are looking forward to enticing students to grab the highly anticipated “US placements” on day one of the placement season.
Cohesity is expected to offer the highest package of Rs 1.46 crore (or 1,95,000 USD), followed by Glean, which has a package of Rs 1.12 crore (or 1,50,000 USD) on offer. These packages also include incentives and other stock options.
The annual placement season will kick-off virtually at all the major IITs on December 1. After a slow season last year in the pandemic, students are expecting this year’s placements to start on a good note.
While cloud data management company, Rubrik, too will be offering a US role for a package of Rs 75 lakh (or 1,00,000 USD), HiLabs is yet to confirm.
Most of the top software roles are usually taken by students from computer science and engineering, followed by electronic students.
A couple of firms offering US roles are also planning to recruit from the campus. Microsoft, which usually picks students for international profiles, has confirmed only domestic ones for this year’s placements, said a final-year student.
“Direct US placements have anyway declined in the past few years, irrespective of the pandemic,” he added.
Of the international roles on offer, a large number will be from companies in Japan and Singapore.
Among the Japanese firms, offering attractive packages are Sony Japan, Hyundai (research & development) and Rakuten.
Some international profiles, which are not located in the US, will be paying in USD too, said a student.
Other IT majors such as Apple, Google, Oracle, Uber, will be visiting the campus (virtually) only with domestic roles. Regular recruiters from the consulting and investment banking sectors such as the BCG, Bain, McKinsey, Blackstone, will be among the day one recruiter.