Jobs are raining at Birla Institute of Technology (BIT) this placement season. Several students had the luxury to choose from more than one offer.
This is a huge jump, considering the 91 per cent placement in the previous year. A total of 269 job offers reached the 205 students of the institute this year.
The high percentage leaves BIT students at a much better position as compared to their counterparts of National Institute of Technology (NIT), Patna, that recorded a 75 per cent placement this season.
At NIT, Patna, 265 out of 345 students have received job offers. The institute is hopeful that the percentage would jump in the coming months with several companies planning to visit the campus.
As far as the salaries are concerned, NIT is ahead. While in BIT the highest salary offered was Rs 7.03 lakh per annum, at NIT it was Rs 9.57 lakh.
A number of public sector companies came to NIT to recruit its students, while at BIT mainly private sector companies turned up.
At NIT, the highest salary was offered by National Thermal Power Corporation (NTPC), one of the Maharatna companies of the country. NTPC offered jobs to five NIT students — three from the mechanical engineering department and two from the electrical engineering department.
After NTPC, the highest salary was offered by Indian Oil Corporation Limited (IOCL), which offered a package of Rs 9 lakh per annum to 15 students from the NIT.
“According to the rules of our institute, we do not entertain companies that offer an annual package of less than Rs 3 lakh,” said Sanjeev Sinha, the placement in-charge at NIT Patna, adding that if the rule was changed, the institute would have more companies. Meanwhile, most of the companies that have visited BIT, Patna, are from the IT sector. Infosys has picked up 90 students from various branches in the salary bracket of Rs 3.35 lakh.
Raj Kumar, the placement officer at BIT, Patna, said: “Around 11 companies from the IT sector, including Infosys Technologies and Cognizant, visited the institute this year. Even Cognizant has offered jobs to 81 students for a salary of Rs 3.01 lakh per annum.”
ZS Associates, another IT company, has offered Meghna Pathak a job with an annual pay package of Rs 7.03 lakh. Wipro Technologies, another IT sector company, has picked up four students at a salary of Rs 3.25 lakh per year.
Sweta Sanghai, a student of BIT, Patna, who has been offered a job by Aricent Technologies on an annual package of Rs 3.5 lakh, said: “Our institute is new and we are the second batch. In the coming years, the salary offered to the students will keep rising.”