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. “We will consider international offers depending on how the Covid-19 situation evolves and impacts mobility (travel/relocation),” an Uber spokesperson told ET in an emailed response.

The publication quoted as saying Anil Kumar Agrawal, training & placement officer, IIT-(BHU) Varanasi, “This year, due to the pandemic, there is a likelihood of a drastic reduction in international offers.”  At IIT-Kharagpur, a placement team member said Microsoft, Uber and BNY Mellon would not be hiring for US roles as of now but would be visiting for India profiles. Brewery giant AB InBev would be looking to fill a global role.

Last year, Microsoft, Uber and Salesforce along with Cohesity, had visited the IITs for US roles. Among all the roles offered at the IITs, the US roles attract the highest pay packages, and getting fewer of them would heavily impact the number of crore-plus offers. Most students receive international offers in the first week of the placement season itself. Placement officials at other older IITs also did not rule out the possibility of the companies selecting some students to be moved to the US later, when the Covid-19 situation improves. “We are hopeful of getting companies for US roles this placement season. Though, as of now we have only a few firms that have confirmed for international locations,” a student at IIT-Roorkee’s placement cell told the business daily.

The list of companies likely to make international offers this year at IIT-Madras include Cohesity, Accenture Japan, Taiwan Semiconductor Company and Dynamic Technology Lab, according to CS Shankar Ram, adviser (training and placement). At IIT-Guwahati, companies like Alphonso, SOU Japan, Accenture Japan, TSMC and Hilabs are likely to make international offers, the publication mentioned citing Abhishek Kumar, head of the Centre for Career Development.

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