Summary:
New Delhi: Students at Indian Institutes of Technology (IITs) are unlikely to land up with crore-plus pay packages in this year`s placement as last year`s three top paymasters- Microsoft, Uber and Salesforce - have yet to confirm offering US roles due to the COVID pandemic, the Economic Times mentioned in a report.
This year the entire placement process will be held virtually.
The final placements for the top old IITs will start next Tuesday.
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New Delhi: Students at Indian Institutes of Technology (IITs) are unlikely to land up with crore-plus pay packages in this year`s placement as last year`s three top paymasters- Microsoft, Uber and Salesforce - have yet to confirm offering US roles due to the COVID pandemic, the Economic Times mentioned in a report.
This year the entire placement process will be held virtually.
The final placements for the top old IITs will start next Tuesday.
Placement sources at six old IITs — Kharagpur, Kanpur, Roorkee, Madras, Bombay and BHU — told the business daily that these companies had not yet confirmed hiring for US roles and were as of now visiting for domestic roles.
They may hire and train IIT grads in India now and move them later abroad once the Covid-19 situation improves.
However, some of the sources said that California-based IT company Cohesity is likely to offer US roles.
Microsoft, Cohesity and Salesforce did not respond to ET’s emails seeking comment.