The US debt crisis and economic slowdown in Europe does not seem to have had any effect on the Indian recruitment scenario. The number of companies registered with the placement office of the IIT in Chennai has nearly doubled this year over last year from 70 to 126.


B. Nagarajan, deputy registrar (training and placement), IIT Madras, said that they had sent letters to more than 700 companies asking them to take part in the institute’s campus recruitment drive and 126 of these corporates had confirmed their participation.

"Last year, only about 70 to 80 companies had confirmed their registration. We keep our registration open till November every year to allow more companies to take part in the recruitment drive. All IITs in the country will start recruitment on December 1," he said.

Nagarajan was confident that the average salary per student would this year be more than the Rs 7.40 lakh per annum of last year. “This year, the highest salary ranges between $90,000 (Rs 44,10,000) to $125,000 (Rs 61,15,000) per annum,” he said. Among those who have registered with the institute’s placement office for campus recruitment are social networking website Facebook and FMCG giant Sony.

This year about 1,100 B.Tech, B.Tech (dual) and research scholars have registered with the placement office for taking part in recruitment drive. Last year of the 1,146 registered students, 82 per cent of B.Tech students got placed and 73 per cent of M.Tech were recruited by top companies.


Source: October 2, 2011, Deccan Chronicle