Placement season: At IITs, startups score advantage points
Placements have started at the old IITs on December 1, also known as Day 1, with a good line-up of startups.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Digital TransformationVisitMITMIT Technology Leadership and InnovationVisitThe coming days will also see a good number of startups, a large chunk of them first-timers, coming for recruitment, placement officials at IITs told ET.
“We are considering this as a special year as it is hit by the global slowdown. As a strategy, we are giving many new companies, including potential startups, early slots…these are emerging and have immense potential and just not any startups,” Rajib Maity, chairperson, career development centre, IIT Kharagpur told ET.
An early slot means access to the best students at the Indian Institutes of Technology with high CGPA scores.
IITs like Kanpur and BHU are seeing about a 30-40% jump in the number of startups compared to last year, placement sources told ET.
Agnikul, an aerospace manufacturing startup based at IIT Madras, is visiting IIT Delhi and IIT Madras for post graduate students,
Srinath Ravichandran, its chief executive told ET. “We are offering flexible packages according to the skill set of the candidate which may go up to Rs 20 lakh per annum,” he said.
The IITs are doing their part by vetting the startups. “We are inviting those startups, especially in the financial and software domain, that have sound funding and are offering challenging roles as well as competitive salaries,” said Lalit Pandey, head of centre for career development at IIT Guwahati.
With offers per recruiter expected to come down, IITs are
