The Indian institute of Technology, Bombay (IIT-B) has seen only a few placement offers in the US this year. Read on to know more!
On the onset of placement season this year, all the IITs witnessed some top-notch companies registering them for recruiting young talents from the campus. However, talking about the international offers, this year has been disappointing. The Indian Institute of Technology, Bombay (IIT-B) has seen a similar pattern of less placement offers, specifically in the US this placement season. While the number of companies from US visiting the campus has remained same as past few years, there has been no offer made for any position yet. More than five international offers were made in IIT-B, all of which were from Japan-based companies.
However, Oracle is said to have made one offer at the Bombay Campus. While, Oracle made an offer of $125000 along with a signing bonus of $10000 and stock options of $1000 in IIT Kharagpur and Guwahati campuses, the package in Bombay campus is not known.
The major reason of US based companies not hiring is the difficulty in obtaining work visas, therefore, big companies as Facebook has taken a step back in this placement process. Another reason includes culmination of ambiguity on US economic policies following the recent elections. With the new government coming in, US can see a lot many changes in the economic and foreign policies.
Unaffected by any of this, Japanese and Taiwanese companies have been active recruiters. Some of the companies including Yahoo Japan, Konica Minolta and NTT Communications and many others made way for the IITians. Many Public sector undertakings (PSUs) have lined up for recruitments this year. ISRO picked up four students and ONGC made around eight offers and more are expected in the coming weeks.