Lack of start-up participation and absence of off-shore jobs seems to have affected the pay packages of students at the International Institute of Information Technology, Hyderabad (IIIT-H).
At a time when a student at IIT-Kanpur bagged a whopping Rs 1.5 crore per annum offer from Microsoft, the highest package the students offered here till date stands at Rs 32 lakh per annum. Even last year, two companies offered Rs 35 lakh packages to students.
“It is true that no startups have registered this year in the placement process, this is mainly because of disinvestment happening in new companies.Although some start ups were willing to hire our students, we decided not to invite them in the current economic condition,” said T V Devi Prasad, Head Placements, IIIT-H.
Giving an insight into the off shore offers, Prasad said, “As getting an H-1B visa has become bit difficult these days, the companies are mostly offering only domestic offers. Even some eligible candidates who had done their project in other countries could attract an off shore offer because of the same reason.”
The first phase of placements has commenced on December 1 with a wide array of significant recruiters coming on campus with domestic offers. Microsoft, Amazon, Walmart, Tower Research, Samsung, and Hike are among others, have started their process to identify and recruit for their Indian offices.