Tech placements at leading engineering colleges across India have rebounded from last year’s slowdown.
Institutions like BITS Pilani, Vellore Institute of Technology (VIT), NIT Patna, Dr BR Ambedkar National Institute of Technology Jalandhar, and MNIT Jaipur are reporting significant improvements.
These included placement rates, average salaries, and the number of participating companies for the Class of 2025.
Tech Hiring: Positive Start to the Placement Season
The placement season for the academic year 2024-25 has started on a positive note, with technology and IT services firms leading the recruitment drive.
This marks a recovery from the previous year’s downturn, which saw a drastic drop in hiring numbers due to a turbulent global job market and a tech slowdown.
Companies such as Google, Amazon, Microsoft, Uber, Atlassian, SKF, Honeywell, JSW, Exxon Mobil, Caterpillar, Applied Materials, Eaton, Qualcomm, Micron, Western Digital, IBM, and Texas Instruments have made offers to students.
Top offers at various institutions have risen significantly.
VIT has seen the highest salary offer of Rs 1.02 crore made to two students, a nearly 16% jump from Rs 88 lakh last year.
Similarly, the highest offer at Dr BR Ambedkar NIT Jalandhar rose 40% to Rs 52 lakh from Rs 37 lakh last year.
For BITS Pilani, the median salary as of early December stood at Rs 24.7 lakh, up nearly 17% from Rs 21.17 lakh last year.
The number of participating companies has also increased, with both regular recruiters and first-time companies showing interest in hiring fresh graduates.
This year, IT services companies have doubled their hiring numbers at some institutes like VIT, with over 5,000 offers made so far.
Global capability centres (GCCs) are also recruiting aggressively, with new ones lined up to join the second phase of placements starting in January.
Insights from Placement Officers
Placement officers at various institutions have noted the marked improvement in the placement scenario this year.
Balasubramanian Gurumurthy, chief placement officer – India & UAE at BITS Pilani, mentioned that the placement cycle has started on a positive note, with a surge in electronics firms’ requirements in both hardware and firmware roles.
High-frequency trading firms such as Tower Research Capital, IMC Trading, Trexquant, and Quadeye have recruited students for full-time and internship roles.
The improved placement scenario has brought relief and optimism to students, who faced a challenging job market last year.
The rise in average salaries and the number of offers has boosted their confidence and prospects for the future.
The increased participation from top-tier companies and the aggressive recruitment by GCCs indicate a positive outlook for engineering graduates in the coming years.
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