Placements at IIT-Bombay started on 1st December, 2012. This year’s placements proved to be the best till date for BTech CSE batch.
I will be highlighting some important figures of the placements of BTech, CSE IIT-Bombay 2013 batch. More than 90% of the batch has already been placed since placements began.
Job locations offered
As compared with last year, a significantly higher number of software companies visited for campus placements, many of them for the first time ever. There were a lot of opportunities for overseas locations like USA, Japan, Middle-East etc. Following is the distribution of the students according to job locations offered:
|Distribution of job locations|
As compared with last year’s placements a substantially more number of students have been placed in firms offering job locations in USA. One thing that I observed was that the number of Day1 companies for CSE were too many and all of them had shortlisted from a fixed set of students. That is the same set of students were present in most of the shortlists. Due to this, many students ended up with multiple job offers from different companies. Many companies offering lucrative packages had to walk-away empty handed due to this anomaly.
Job profiles offered
|Distribution of job profiles|
As we see in the above chart, very few students opted for finance-based Quant Profiles. A huge number of students were placed in software engineer profiles. This is because of the numerous US-based companies arriving for placements this year. This resulted in many people opting for US-based software engineer profiles against India-based Quant Finance profiles. None of the students opted for other kind of profiles like Management Consultant, Financial Analyst etc.
Gross salary offered to BTech CSE students averaged out to be around 14.4 lpa (lakhs per annum) for India-based jobs. For US-based jobs, the average is around 100,000$ per annum.
For India-based software engineering jobs, the average is around 11.6 lpa. For India-based Quant profiles the average is around 26 lpa.
Around 15% of the batch had received and accepted pre-placement offers from companies where they interned. This proved to be a boon for rest of students in the batch because the PPO’ed people weren’t allowed to apply at all the companies arriving for campus placements, thus reducing competition.
- Software Engineering: Google, Microsoft, Facebook, Samsung, Twitter, LinkedIn, Rocketfuel, Mylikes, Epic Systems, Sony
- Quantitative Finance: Tower Research, Morgan Stanley, Goldman Sachs, WorldQuant
- General Finance: Optiver, Deutsche Bank, Citi, Credit Suisse, BlackStone, Jump Trading
- Management Consulting: Mckinsey, BCG, Booz & Co., Bain & Co., A.T.Kearney