<ul><li>IIT Delhi breaks its 10 years’ placement record, fetching over 1,000 placements during the current placement season. </li><li>Domains including electrical, chemical, civil and mechanical engineering bagged most offers in the technology sector. </li><li>The institute saw a 15% increase in the number of companies visiting the campus.</li></ul>With more Indian corporates looking to hire from top tier colleges, Indian Institute of Technology (IIT) Delhi has seen the <a href="https://economictimes.indiatimes.com/jobs/iit-delhi-placements-surpass-10-year-record/articleshow/68293058.cms">highest</a> number of placements in a decade. And the top-most core subjects — bagging over 32% of offers — included electrical, chemical, civil and mechanical engineering followed by information technology. IT graduates secured 20% of the total offers rolled out by the employers. While analytics, management, finance, consulting and research fields secure the highest and most placements from India’s B-schools, the category bagged rest of the offers during the current placement season at IIT. However, the IIT did not disclose the salary packages offered by employers, saying that may be "devaluing national placements over international placements as well as core jobs over finance and consulting jobs." Eyeing the global demand for skills in technology sectors and analytics, IT majors including Capgemini and Wipro have been stepping up hiring a large chunk of talent from Indian engineering campuses. Capgemini has <a href="https://www.businessinsider.in/capgemini-eyes-campus-placements-senior-hiring-in-india/articleshow/68177928.cms">reportedly</a> been planning to hire over 10,000 fresh graduates via campus placements, extending quarterly promotions to freshers. While the homegrown IT multinational Wipro is prioritising digital expertise at <a href="https://www.businessinsider.in/wipro-campus-placements-to-double/articleshow/67719782.cms">campus hirings </a>with a plan to double fresh hirings. Given high demand for AI skills, IITs are also <a href="https://www.businessinsider.in/iits-launch-courses-in-artificial-intelligence-and-machine-learning/articleshow/67850336.cms">rolling out</a> certificate courses and degrees in AI along with machine learning, starting next academic session. The rise in automation and related skills has led to increased demand in the Artificial Intelligence. Hence, to bridge the gap, IIT has also <a href="https://www.businessinsider.in/iits-launch-courses-in-artificial-intelligence-and-machine-learning/articleshow/67850336.cms">introduced</a> B.Tech in Artificial Intelligence along with other certification courses in machine learning, starting next academic session. Overall, as the IIT Delhi institute witnessed an upsurge of 15% in the number of companies visiting for campus placements, it scored over 1,000 offers from Indian as well as overseas employers. This included pre-placement offers allowing students to intern before going onboard with a company. The Delhi campus of Indian Institute of Technology has also been ranked among the top 100 institutions in the Global University Employability Ranking for the year 2018. See also: <a href="https://www.businessinsider.in/capgemini-eyes-campus-placements-senior-hiring-in-india/articleshow/68177928.cms">French IT major Capgemini wants to hire senior talent team from India for global markets, boost campus placements</a> <a href="https://www.businessinsider.in/campus-placements-at-iim-mdi-tiss-iift-see-salary-packages-above-2-million/articleshow/67898696.cms">India’s B-schools are seeing higher salary packages for graduates — and it’s not just IIMs</a> <a href="https://www.businessinsider.in/ai-cloud-computing-machine-learning-cyber-security-among-top-skills-for-higher-salary-increment-in-2019/articleshow/68281010.cms">These 5 sectors are the only ones projected to see double digit salary hikes this year</a>

These core subjects are the biggest winners in IIT-Delhi's record campus placement season

<ul><li>Capgemini is looking to expand its senior talent in India for technology operations. </li><li>According to industry watchdog, the hirings in tech in India will double in 2019. </li><li>Overall, the company has made nearly 11,000 promotions for its employees in last nine months.</li></ul>Eyeing global markets, Capgemini is set to strengthen its senior talent pool by hiring from India. The French IT major Capgemini told ET that its senior team <a href="https://m.economictimes.com/tech/ites/capgemini-to-strengthen-global-senior-talent-pool-from-india/articleshow/68177381.cms?utm_source=ETTopNews&amp;utm_medium=HP&amp;utm_campaign=TN&amp;utm_content=23">expansion</a> is one of its three key priorities as of now, adding that the plan is to nourish a startup culture across its 100,000 employees from India. The company is <a href="https://www.peoplematters.in/news/hiring/capgemini-taps-into-indias-senior-talent-pool-20972">reportedly</a> planning to hire over 10,000 fresh graduates via campus placements this year. On a larger scale, it also aims to get nearly 25,000 employees onboard in India — including the senior positions. It will look for senior officials with exposure in the technology and startup sectors. Recently, it added Nisheeth Srivastava as Chief technology and innovation officer. In fact, last year, to boost the senior level players, the IT major also initiated quarterly appraisals for its employees in India. The quarterly promotion cycles had been a trend for freshers in the company before it decided to extend it to senior hires, Ashwin Yardi, CEO, Capgemini India <a href="https://wap.business-standard.com/article/companies/capgemini-india-starts-appraisals-across-job-roles-promotes-11-000-119022200030_1.html">reportedly said</a>. Overall, the company has made nearly 11,000 promotions for its employees, he added. In the recent Global Business Summit in Delhi, Paul Hermalin, Chairman Capgemini said that digital — including cloud-based services — <a href="https://economictimes.indiatimes.com/markets/expert-view/india-has-the-most-impressive-reservoir-of-talents-on-the-planet-paul-hermelin-capgemini/articleshow/68114111.cms">account for 45%</a> of the company’s revenue adding that the number will reach to 50% soon, ET reported. According to analysts, the company has hired quality talent from India such as Aruna Jayanthi, Srinivas Kandula among others for senior positions across the globe. For instance, Kandula will be heading the Global Human Resource Initiatives for the company. In addition to Capgemini, many technology companies have geared up for hiring talent in the technology sector with artificial intelligence, robotics and analytics as the emerging roles. Tech hirings are expected to <a href="https://m.economictimes.com/jobs/hiring-for-tech-talent-to-double-in-2019/articleshow/67134612.cms">double</a> this year to meet growing demands. See also: <a href="https://www.businessinsider.in/executive-recruitment-in-india-set-to-rise/articleshow/68073404.cms">Amid job crisis, India’s C-suite hiring set to grow significantly this year, say recruitment experts</a> <a href="https://www.businessinsider.in/wipro-campus-placements-to-double/articleshow/67719782.cms">Indian IT major Wipro is on a hiring spree, plans to double campus offers and hike pay</a> <a href="https://www.businessinsider.in/accenture-bcg-dominate-campus-placements-at-business-schools-in-india/articleshow/68045145.cms">Consulting firms Accenture, BCG dominate campus placements at India’s B-schools this year</a>

French IT major Capgemini wants to hire senior talent team from India for global markets, boost campus placements

<ul><li><keyword id="63618" type="COMPANY" weightage="20" keywordseo="Indian-Institute-of-Management">Indian Institute of Management</keyword> (IIM) Shillong witnessed a whopping 73% jump in the highest salary offer received this placement season — at ₹ 48.5 lakh per annum. </li><li>The top 50% of the cohort bagged offers above ₹23 lakh. </li><li>As many as 60 companies visited the campus this year, including Cognizant, Capgemini, BirlaSoft, HSBC Bank and Thomson Reuters. </li><li>Consulting and Strategy was the most sought after domain this year, accounting for 29% of the total offers. </li></ul>Indian Institute of Management (IIM) Shillong witnessed a <a href="https://economictimes.indiatimes.com/industry/services/education/iim-shillong-finishes-final-placements-for-the-batch-of-2018-20/articleshow/74876595.cms">whopping 73% jump in the highest</a> salary offer received this placement season — at ₹ 48.5 lakh per annum. The institute said that the top 50% of the cohort bagged offers above ₹23 lakh. In fact, the average compensation also increased to ₹18.7 lakh, up by 11% as compared to last year. As many as 60 companies visited the campus this year, including Cognizant, Capgemini, BirlaSoft, HSBC Bank and Thomson Reuters among others. The list also includes first time recruiters — Aditya Birla Capital, ByteDance, FIITJEE, Mahindra &amp; Mahindra and international employers like ShopUp, and Tillomed Laboratories, hiring for operations and consulting profiles. Consulting &amp; Strategy accounts for almost a third of the total job offers As expected, consulting and strategy was the most sought after domain this year, accounting for 29% of the total offers. The sector offered the highest salary packages at an average remuneration of ₹24 lakh per annum. This includes roles like investment banking, supply chain management, advisory, analytics and corporate strategy. Other job offers came from sectors such as finance, analytics, general management, Human Resources, IT, operations, sales and marketing. The maximum number of job offers came from top multinationals like — ByteDance, Cognizant, Deloitte, JP Morgan and TATA Steel. Highest stipend at ₹3 lakh during summer placements The growing trend of summer placements and pre-placement offers too might have had an effect on the increased interest of recruiters. The graduates also secured pre-placement offers from Goldman Sachs, DE Shaw, Emami Group, Titan and more. During the summer placements too, the institute saw a 17% surge in the average stipend offered to the interns — <a href="https://www.business-standard.com/article/current-affairs/average-stipend-for-summer-internships-at-iim-shillong-jumps-17-120030601223_1.html">from ₹1.1 lakh to ₹1.3 lakh for two months</a>. The highest stipend secured by the students stood at ₹3 lakh. General management roles witnessed an increase in the number of offers as well as the stipend. On the other hand, sales and marketing was the most sought after sector during summer internships, accounting for 33% of the offers, followed by consulting profiles. See also: <a href="https://www.businessinsider.in/careers/news/iim-visakhapatnam-places-all-its-students-at-an-average-salary-of-13-lakh-highest-package-stood-at-27-lakh/articleshow/74803421.cms">IIM Visakhapatnam places all its students at an average salary of ₹13 lakh; highest package stood at ₹27 lakh</a> <a href="https://www.businessinsider.in/careers/news/these-are-the-starting-salaries-offered-to-b-school-students-in-india/articleshow/74168696.cms">These are the starting salaries offered to B-school students in India</a>

IIM Shillong witnesses a whopping 73% increase in highest package at ₹48.5 lakh

<ul><li><keyword id="6354512" type="COMPANY" weightage="20" keywordseo="Infosys">Infosys</keyword> temporarily froze hiring, promotions and appraisals in view of the <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">Coronavirus</keyword> pandemic. </li><li>It will onboard all the campus and lateral hires to whom they made job offers. </li><li>However, Pravin Rao, COO at Infosys, did not hint of any furloughs or layoffs. </li><li>The company said that all the 6,000 trainees will now continue their training remotely. “There are assessments, certifications and other online training to facilitate remote programmes,” Rao added. </li><li>Rao said that the company is planning to make more than 35,000 offers in FY21.</li></ul>Infosys, in its latest earnings call, said that it has temporarily froze hiring, promotions and appraisals in view of the Coronavirus pandemic, calling it a ‘no regret’ move. For IT giants wages, employee costs and campus placement drives make up for over half of its operational costs. ‘We will honour all offers made — freshers and lateral hires’ Infosys however said that it will onboard all the campus hires. With this, it joins the likes of Accenture, Tata Consultancy Sevices (TCS) and other tech giants who will honour all the job offers made in the last financial year. A large number of companies have rescinded campus job offers forcing even IITs to hold a second placement drive in late July and August. “We are yet to onboard only a small percentage of campus hires we made offers to so far,” said Pravin Rao, COO at Infosys. The technology multinational made 18,000 job offers the last financial year. It said it will also onboard the lateral hires. “We will honour all the commitments made to campus hires — freshers as well as lateral. As far as onboarding timelines are concerned, we have already hired a few lateral employees, while in lockdown,” he said during its Q4 earnings call. Employee count decreases by over 1,000 <div type="image" title="infy employees" msid="75253862" hostid="261"></div> There has been a decrease in the employee headcount — by over 1,000. The employee count at Infosys stood at 243,454 during the third quarter ending in December 2019 — higher than 242,371 as of March 2020. “We should not read into the fall in employee count, it is not a secular trend,” Rao said. He did not hint any furloughs or layoffs, given the Coronavirus chaos. Going forward, Rao said that the company is planning to make more than 35,000 offers in FY21. “In the near term, there will be a demand-supply mismatch because we were already geared for high volume in the first quarter. We have to ensure that the utilisation rates go up,” said Nilanjan Roy, CFO at Infosys. Remote assessment for nearly 6,000 trainees Infosys claims to have a strong digital footprint. The company said that all the 6,000 trainees will now continue their training remotely. “There are assessments, certifications and other online training to facilitate remote programmes,” Rao added. In fact, as much as 93% of the employees at Infosys are now working from home, thanks to the lockdown. The focus is on employee safety. “We will revisit as the situation evolves, keeping the safety of employees a priority. We will also take initiatives like temperature check etc,” the company said. However, as a new normal emerges after the lockdown ends, just like TCS, Infosys also plans to retain work from home. See also: <a href="https://www.businessinsider.in/careers/news/tcs-cognizant-capgemini-and-other-top-giants-who-are-not-letting-go-of-their-new-hires/articleshow/75136446.cms">TCS, Cognizant, Capgemini and other top giants who are not letting go of their new hires </a> <a href="https://www.businessinsider.in/careers/news/capgemini-india-cognizant-and-others-who-are-giving-salary-hikes-in-times-of-coronavirus/articleshow/75151960.cms">Capgemini India, Cognizant and others who are giving salary hikes in times of Coronavirus</a>

Infosys has a new 'no regret' policy when it comes to employees

<ul><li>The highest job offer at the <keyword id="119622" type="ORGANIZATION" weightage="20" keywordseo="Indian-Institute-of-Foreign-Trade">Indian Institute of Foreign Trade</keyword> (<keyword id="6735361" type="UNKNOWN" weightage="20" keywordseo="iift">IIFT</keyword>) stood at a staggering ₹75 lakh per annum — one of the highest pay packets received so far across management institutes. </li><li>As many as 125 companies visited the campus and the average compensation stood at ₹20.48 lakh. </li><li>IIFT said that nearly 28% of its graduates received pre-placement offers.</li></ul>The Indian Institute of Foreign Trade (IIFT) beat Indian Institutes of Management (IIMs), Xaviers School of Management (XLRI) and Faculty of Management Studies (FMS) Delhi to bag the highest salary offer at ₹75 lakh per annum. The institute, which operates under the commerce ministry however saw only a marginal increase in average compensation to ₹20.5 lakh. As many as 125 companies visited the campus this year and over 40 first-time recruiters hired this year. This includes consulting and banking majors McKinsey &amp; Co, Reckitt Benckiser, RBL Bank and Axis Bank. “The largest ever batch of 2018-20 has been placed in various reputed organizations. The successful placement is a testament to the rigorous academic involvement and professional exposure IIFT provides to its students,” <a href="https://m.hindustantimes.com/brand-post/iift-final-placements-sees-the-record-of-recruiters-attending-the-campus/story-ERcqleK0GdUAc3eDZkqAoO_amp.html">said</a> Rohit Mehtani, head of corporate relations and placement division. The students received job offers from companies across sectors like consulting, banking and finance, sales, marketing and operations. The top recruiters include Goldman Sachs, Yes Bank, Dabur, TATA International among others. Offers from tech giants — Microsoft, Wipro, Cognizant and Capgemini — for IT and product management roles also continued to grow. The growing trend of summer placements and pre-placement offers too might have had an effect on the increased interest of recruiters. IIFT said that nearly 28% of its graduates received pre-placement offers. During the summer placements as well, the average stipend stood at a whopping ₹2 lakh a month. “The students at IIFT were placed across 96 companies. The highest stipend offered was ₹3.2 lakh per month. This year the number of companies with an average stipend of over ₹2 lakh has increased by 46%," IIFT <a href="https://www.google.co.in/amp/s/m.economictimes.com/jobs/iift-completes-summer-placements-average-stipend-at-rs-2-lakh-per-month/amp_articleshow/71634182.cms">said during its summer placements</a>. Students of other B-schools like <a href="https://www.google.co.in/amp/s/www.businessinsider.in/careers/news/fms-delhi-and-mdi-gurgaon-have-seen-placement-offers-as-good-as-those-at-iims/amp_articleshow/74184992.cms">Faculty of Management Studies Delhi and Management Development Institute (MDI)</a> are receiving salary offers that are just as good. This year, on average, FMS Delhi students received job offers that paid ₹25.6 lakh. The best paying job offer went as high as ₹58.6 lakh per annum. See also: <a href="https://www.businessinsider.in/careers/news/fms-delhi-and-mdi-gurgaon-have-seen-placement-offers-as-good-as-those-at-iims/articleshow/74184992.cms">These two B-schools have seen placement offers as good as those at IIMs</a> <a href="https://www.businessinsider.in/careers/news/these-are-the-starting-salaries-offered-to-b-school-students-in-india/articleshow/74168696.cms">These are the starting salaries offered to B-school students in India</a> <a href="https://www.businessinsider.in/careers/news/indias-best-minds-from-iim-ahmedabad-xlri-mdi-gurgaon-are-heading-to-consulting-firms/articleshow/74055916.cms">India’s best minds from IIM Ahmedabad, XLRI are heading to consulting firms</a>

IIFT receives highest job offer at ₹75 lakh — that’s higher than XLRI, FMS and a few IIMs

<ul><li><keyword id="481185" type="ORGANIZATION" weightage="20" keywordseo="Management-Development-Institute">Management Development Institute</keyword> (MDI) Gurgaon secured 100% <keyword id="65655" type="PERSON" weightage="20" keywordseo="placements">placements</keyword> in the first three days. </li><li>The average compensation increased by 9.5% at ₹22.05 lacs — Amazon offering the highest package at ₹40.5 lakhs. </li><li>Over half of the offers (57%) were from companies in the consulting, BFSI (Banking, Insurance and Financial Services), technology and telecom domain. </li><li>Of the total 360 offers rolled out, nearly 70 offers came from ecommerce and IT sectors.</li></ul>Despite sluggish growth across sectors, campus placements at B-schools in India don't seem to be slowing down. Management Development Institute (MDI) Gurgaon secured 100% placements within the first three days — with Amazon offering the highest package at ₹40.5 lakhs. The average compensation too increased by 9.5% at ₹ 22.05 lakhs. Of the total 360 offers rolled out, nearly 70 came from ecommerce and IT sectors. This includes nearly 41 offers from e-commerce platforms like Flipkart, Make My Trip, Oyo, PhonePe and 27 offers from the IT giants like Accenture, Capgemini, IBM and Tech Mahindra. In an interview with Business Insider, Kanwal Kapil, Dean of Placements at MDI, Gurgaon said that the employers are now keen on hiring management graduates with digital literacy. “When you talk about digital businesses, they will definitely look at retaining talent with digital skills. The e-commerce sector has seen the highest growth, in terms of hiring at nearly 141%, compared to last year,” he said. Over half of the offers (57%) were from companies in the consulting, BFSI (Banking, Insurance and Financial Services), technology and telecom domains. This includes 63 offers from PwC, Deloitte, ICICI Bank, IDFC Bank and Airtel. While automotive, logistics and pharmaceuticals accounted for almost 15% of the offers. PwC US Advisory emerged the largest recruiter with 14 offers, followed by Deloitte USI, ICICI Bank and IDFC First Bank with 13 offers each. Telecom major Airtel made 10 offers. Kapil told that all of these offers were for domestic roles. However, since most of the employers are global multinationals, these might also lead to international projects, depending on the demand. The institute also witnessed a 40% increase in offers coming from the consulting sector during the summer placements. See also: <a href="https://www.businessinsider.in/careers/news/iits-madras-delhi-and-kharagpur-campuses-bag-over-2500-job-offers-in-the-very-first-week-of-placements/articleshow/72451071.cms">IIT’s Madras, Delhi and Kharagpur campuses bag over 2,500 job offers in the very first week of placements</a> <a href="https://www.businessinsider.in/education/news/b-school-students-get-summer-placements-but-for-technology-job-profiles/articleshow/72139265.cms">B-school students get summer placements — but for technology job profiles</a> <a href="https://www.businessinsider.in/careers/news/indias-top-b-school-graduates-are-being-paid-over-2-lakh-for-summer-internships/articleshow/71500201.cms">India’s top b-school graduates are being paid over ₹2 lakh for summer internships</a>

Amazon becomes the top recruiter at MDI Gurgaon with a ₹40.5 lakh offer

<ul><li>While a lot of companies are doling out pink slips, there are a few that are keeping their promises to new campus hires. </li><li>IT giants like TCS, Capgemini, Google, Accenture and Wipro said that they will honour all their employment offers. </li><li>Hindustan Unilever (HUL), Biocon, Bain &amp; Company, PepsiCo and <keyword id="136162" type="COMPANY" weightage="20" keywordseo="Boston-Consulting-Group">Boston Consulting Group</keyword> will also bring new recruits onboard. </li><li>A selected few companies are onboarding new hires virtually. “We will go ahead and deliver a 100% signature HUL experience virtually. Projects which required extensive fieldwork were tweaked slightly,” Anuradha Razdan, executive director (HR), HUL told TOI.</li></ul>While a lot of companies are doling out pink slips to employees or cutting salaries, there are a select few that are keeping their promises to new campus hires even in difficult times. In this thin list are IT giants like TCS, Capgemini, Google, Accenture and Wipro who said that they will <a href="https://m.timesofindia.com/business/india-business/many-large-cos-will-honour-hiring-pledge/amp_articleshow/75130365.cms">honour all the job offers</a> rolled out earlier. TCS and Wipro are hiring over 40,000 graduates this financial year while <keyword id="28721" type="COMPANY" weightage="20" keywordseo="Cognizant">Cognizant</keyword> and Capgemini committed to bring all new hires onboard. According to a TOI report, Google is also bringing its fresh recruits onboard. It usually hires nearly 60 campus graduates every year in India. In February 2020, Cognizant announced that it will hire 20,000 ‘digitally ready’ freshers at an increased compensation of ₹400,000 per annum. But, given the current situation, the onboarding dates may vary because of the extended lockdown and completion of the academic programme. However, the promised ‘hike’ might be missing. Capgemini, on the other hand, <a href="https://www.businessinsider.in/careers/news/capgemini-and-cognizant-plan-to-hire-35000-freshers-in-india/articleshow/74173093.cms">rolled out over 4,000 offers to lateral hires</a> and offered 2,000 freshers in the quarter ending March. The tech giant is now planning to absorb all of them, the company told the Times of India. IIT freshers are not immune to Corona impact Even at the elite IITs, several companies postponed the joining dates, slashed salaries and are even considering revoking the job offers rolled out earlier. The institutes are now planning to conduct a second placement drive for those impacted by the withdrawals. Appealing to the recruiters, V <keyword id="168635" type="PERSON" weightage="20" keywordseo="Ramgopal-Rao">Ramgopal Rao</keyword>, director at the <keyword id="55119" type="COMPANY" weightage="20" keywordseo="Indian-Institute-of-Technology">Indian Institute of Technology</keyword> (IIT) Delhi <a href="https://www.businessinsider.in/careers/news/iit-and-iim-job-offers-are-fast-vanishing-and-a-second-placement-drive-in-july-might-be-underway/articleshow/75003350.cms">said</a> “These students are capable of getting you out of recession faster than you can imagine.” HUL, Biocon, Bain, Pepsi and BCG aim a stronger comeback Other than the IT giants, companies such as Hindustan Unilever (HUL), Biocon, Bain &amp; Company, PepsiCo and Boston Consulting Group are also hiring to come back stronger as the lockdown lifts. A selected few companies are onboarding new hires virtually. HUL already hired over 100 interns from the country’s top B-schools including Indian Institutes of Management (IIMs) and Narsee Monjee Institute of Management. “We said we will go ahead and deliver a 100% signature HUL experience virtually. Projects which required extensive fieldwork were tweaked slightly,” Anuradha Razdan, executive director (HR), HUL<a href="https://m.timesofindia.com/business/india-business/many-large-cos-will-honour-hiring-pledge/amp_articleshow/75130365.cms"> said</a>. Biocon will also onboard all its 250 new recruits. Megha Chawla, partner at Bain &amp; Company, told TOI that there won’t be an impact on campus hires as she anticipates a ‘solid bounce back’ once the lockdown is lifted. See also: <a href="https://www.businessinsider.in/careers/news/accenture-launches-people-work-connect-to-help-fired-employees-find-jobs/articleshow/75144624.cms">Accenture launches People+ Work connect to help fired employees find jobs</a> <a href="https://www.businessinsider.in/careers/news/over-136-million-jobs-are-at-risk-due-to-corona-lockdown-here-are-the-worst-hit-sectors/articleshow/74941658.cms">Over 136 million jobs are at risk due to Corona lockdown — Here are the worst-hit sectors</a> <a href="https://www.businessinsider.in/policy/economy/news/india-unemployment-job-losses-at-many-companies/articleshow/75130701.cms">India’s looming jobs crisis is starting to unravel within the first 21 days of coronavirus lockdown</a>

TCS, Cognizant, Capgemini and other top giants who are not letting go of their new hires

<keyword id="6006683" type="PERSON" weightage="60" keywordseo="medha-kumari">Medha Kumari</keyword>, a <keyword id="66379" type="ORGANIZATION" weightage="60" keywordseo="National-Institute-of-Technology">National Institute of Technology</keyword> student from the western state of Bihar, recently clutched a Rs 39.5 lakh (4 million) annual package from <keyword id="99699" type="CITY" weightage="20" keywordseo="Adobe">Adobe</keyword> during the ongoing 2017 placement drive. Several students from IIT and IIM have bagged such offers from global giants like <keyword id="6355629" type="ORGANIZATION" weightage="20" keywordseo="Google">Google</keyword> and <keyword id="10387" type="ORGANIZATION" weightage="20" keywordseo="Microsoft">Microsoft</keyword> in the past, but why Kumari's story is inspiring is because she is the first girl student from her college to have made it to Adobe, and that too at the <keyword id="3947508" type="PERSON" weightage="20" keywordseo="highest-salary-package">highest salary package</keyword> offered to any NIT Patna student in the past. Born to a small trader Manoj Kumar Karak, Kumari is a computer science and engineering student at NIT Patna. Her mother Benu Karak is a homemaker. She had earlier bagged an annual pay package of Rs 8.75 lakh at another software company, but tried again. “Since I was expecting better pay package, I started preparing for the placement once again and it worked. The interview was quite tough but I was confident,” she says. Apart from Adobe, 37 companies including Tata Motors, Samsung R&amp;D Institute India, HighRadius, Hero MotoCorp, Wipro, L&amp;T Corporate (POWAI), IBM, L&amp;T Construction, Capgemini, Futures First and Amazon participated in the placement drive. Amazon became the second biggest recruiter offering five students Rs 27.5 lakh pay package each. HighRadius meanwhile made 51 offers this year, which is the biggest from a recruiter, out of which 49 students were offered Rs 7 lakh package while 2 students received annual offers of Rs 8 lakh. It is a player in cloud-based integrated receivables software space. Among all these offers, Medha Kumari's salary package has been the highest for an NIT-Patna student till date, according to Samrat Mukherjee from the Training and Placement Cell at NIT Patna. Kumari had appeared for an online test conducted by Adobe on the institute’s campus, followed by a technical test and an interview conducted in Kolkata. 40 other students also appeared for the online test, however, she became the only student to clear all rounds and secure a job in Adobe from her college. The 20-year-old student is now bracing to kick-start her stint at Adobe, Noida from June 2018 as software development, implementation, and coding officer.

2017 placement season: Adobe offers Rs 40 lakh pay package to a 20-year-old

<ul><li>Fresh graduates who took Scaler Academy's six month coding programme secured average compensation of over ₹15 lakh from global multinationals like Amazon, Samsung, Google and more. </li><li>Other job offers came from companies like Lido Learning, MindTickle, Delhivery, 1MG, Oyo, MakeMyTrip and Razorpay. </li><li>Of the 182 learners on the platform, 177 previously had job offers extending an average salary of nearly ₹7.5 lakh via campus placement drives or direct recruitment. </li><li>The learners are mentored by subject matter experts from companies like Google, Facebook, Twitter and Netflix.</li></ul>Fresh graduates who took Scaler Academy’s six-month coding programme, secured jobs offers from global multinationals like Amazon, Samsung, Google and more. The academy also says that their average compensation is also over ₹15 lakh. A third of them also received job offers over ₹25 lakh per annum. Some other companies that provided job offers include Lido Learning, MindTickle, Delhivery, 1MG, Oyo, MakeMyTrip and Razorpay. The academy claims that most of their students also managed to receive compensation that is twice that of their campus job offers. Of the 182 learners on the platform, 83 previously had job offers extending an average salary of nearly ₹7 lakh via campus placement drives or direct recruitment. That means, the salaries offered after reskilling was more than double, compared to the campus offers. “Once the youth of our country is empowered with the necessary skills and knowledge, they are capable of creating hundreds of unicorns like Facebook and Google. The April 2019 batch was the litmus test to understand that. In fact, 33 of them today hold job offers that are paying over ₹25 lakh per annum,” said <keyword id="8665617" type="PERSON" weightage="20" keywordseo="abhimanyu-saxena">Abhimanyu Saxena</keyword>, Co-founder at Scaler Academy and <keyword id="8665620" type="UNKNOWN" weightage="20" keywordseo="InterviewBit">InterviewBit</keyword>. Scaler Academy is an initiative of the reskilling startup Interviewbit. While a few learners on the platform came from premier Indian institutions like Indian Institutes of Technology (IITs) and National Institutes of Technology (NITs), almost three-fourths of them were from tier II colleges. “72% of our students come from non-‘pedigree’ institutions and yet they have been able to secure gainful employment opportunities with top companies, including the likes of Google. The numbers clearly suggest that most MNCs and leading start-ups are no longer only hiring from Tier1 colleges, they are increasingly looking at talent over pedigree,” added <keyword id="279823" type="PERSON" weightage="20" keywordseo="Anshuman-Singh">Anshuman Singh</keyword>, co-founder at Scaler Academy and InterviewBit. Currently, Scaler academy has a user base of nearly 2,000 students. The learners are mentored by experts from companies like Google, Facebook, Twitter and Netflix. “A lot of young engineers don’t always have access and exposure to the relevant technical skills or recruitment processes of global companies. Our mission is to bridge that gap and help them grow in their careers. We will help young engineers expand their knowledge and coding skills and enable them to get top tier software engineers jobs at the best global tech companies,” Singh earlier said. See also: <a href="https://www.businessinsider.in/careers/news/tcs-cognizant-capgemini-and-other-top-giants-who-are-not-letting-go-of-their-new-hires/articleshow/75136446.cms">TCS, Cognizant, Capgemini and other top giants who are not letting go of their new hires</a> <a href="https://www.businessinsider.in/careers/news/capgemini-india-cognizant-and-others-who-are-giving-salary-hikes-in-times-of-coronavirus/articleshow/75151960.cms">Capgemini India, Cognizant and others who are giving salary hikes in times of Coronavirus</a>

A third of the freshers who reskilled at Scaler Academy bagged job offers at over ₹25 lakh

<ul><li>The new college graduates who landed job offers with ‘above-average salaries’ are now staring at an uncertain future. </li><li>Ride-hailing platform Uber has revoked job offers extended to the management graduates at premier b-schools like Indian Institutes of Management (IIMs), Management Development Institute (MDI) and S. P. Jain Institute of Management and Research (SPJIMR). </li><li>IITs — where students bagged job offers as high as ₹10 million from Uber — have not been notified of any such decision. </li><li>As many as 3,700 Uber employees lost their jobs in wake of the coronavirus pandemic.</li></ul>The COVID-19 crisis has not just impacted the salaried employees but also the new college graduates who landed job offers — who are now staring at an uncertain future. After Gartner, WorkIndia, ride-hailing platform Uber has revoked job offers extended to the management graduates at premier b-schools like Indian Institutes of Management (IIMs), Management Development Institute (MDI) and S. P. Jain Institute of Management and Research (SPJIMR). This comes on the backdrop of global layoffs across the company offices. As many as 3,700 Uber employees lost their jobs in wake of the coronavirus pandemic. On May 13, the company told its employees that “today will be your last working day with Uber,” over a Zoom call, IANS reported. A placement head at a top B-school told ET Uber had informed the institute that offers were being revoked. “Students across <a href="https://m.economictimes.com/topic/IIM">IIM</a> Lucknow, IIM Kozhikode, IIM Calcutta, MDI, SPJIMR have been affected,” ET reported citing the placement head from a top b-school. Several companies have rescinded job offers made to the fresh graduates.That leaves students of premier IIMs and other b-schools that secured thousands of offers, in dire straits. It does not help that most of them bagged ‘above-average salary packages’ this placement season. Most of the recruits were top-notch consulting firms, multinational companies, tech majors and more. Lately, the IIMs have been dealing with last minute withdrawals from these high profile recruiters. IIM Bangalore earlier said that it will now reach out to those recruiters who had shown interest in hiring from the top institute earlier but were not a part of the placement drive — to check if they are still willing to hire candidates. At IIM Calcutta, nearly four companies have revoked the job offers and summer internships so far, affecting over 12 students from the current academic year. On the other hand, IITs — where students bagged job offers as high as ₹10 million from Uber — have not been notified of any such decision. The engineering institutions are now considering hosting another placement drive in July-August as the number of offers being taken back have risen. A US-based consultancy firm recently repealed 11 job offers made to students at IIT Delhi, Madras and Kanpur campuses. The situation, the institutes are now figuring out ways to place the students whose offers have been revoked in other companies. They are even reaching out to their alumni network to place students in the less affected sectors. See also: <a href="https://www.businessinsider.in/business/corporates/news/more-employees-at-capgemini-infosys-and-wipro-are-being-brought-back-to-offices-while-tcs-is-still-in-wait-and-watch-mode/articleshow/75691940.cms">More employees at Capgemini, Infosys, and Wipro are being brought back to offices while TCS is still in wait and watch mode</a> <a href="https://www.businessinsider.in/business/startups/news/zomato-lays-off-13-of-its-workforce-announces-pay-cuts-for-all/articleshow/75756087.cms">Zomato lays off 13% of its workforce, announces pay cuts for all</a>

Uber has revoked job offers made to graduates from IIMs, MDI, SPJIMR

<ul><li>The global oil price crashing to a new low has cost Indian fresh graduates their jobs. </li><li>Energy major <keyword id="161205" type="COMPANY" weightage="20" keywordseo="Schlumberger">Schlumberger</keyword> revoked the job offers extended to the Indian Institute of Technology (<keyword id="6354859" type="UNKNOWN" weightage="20" keywordseo="IIt">IIT</keyword>) graduates. </li><li>Two of the selected graduates from IIT Kanpur and Madras have now been offered a similar role — but at a lower salary. </li><li>The oilfield services multinational said that it is adjusting to the ‘sudden reduction in consumer spending’. </li><li>This comes after the company announced its first quarter results for FY21 and said that it expects at least a 15% drop in customer expenditure globally. </li></ul>The global <a href="https://www.businessinsider.in/business/news/crude-oil-prices-didnt-fall-below-zero-futures-did-and-heres-what-it-means/articleshow/75264639.cms">oil price crashing</a> to a new low has cost Indian graduates their jobs. Impacted by the decline in oil demand due to <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">Coronavirus</keyword> lockdown, energy major Schlumberger revoked job offers extended to the Indian Institute of Technology (IIT) graduates. The oilfield services multinational said that it is adjusting to the ‘sudden reduction in consumer spending’. The company had given job offers to candidates at least five IITs. On April 6, Schlumberger told IITs that it will reduce the intake of new campus hires, withdrawing a few internships and job offers. “We will personally communicate our decision to each student who is affected by this decision,” Indian Express <a href="https://indianexpress.com/article/education/energy-major-schlumberger-withdraws-job-offers-to-fresh-iit-graduates-6373375/">reported</a> citing the letter by Gautam Reddy, MD, India and Bangladesh at Schlumberger. IIT graduates bagged ‘above-average salary packages’ this placement season According to the report, two students at IIT Delhi and Bombay have lost their jobs at Schlumberger. While two other selected graduates from IIT Kanpur and Madras have now been offered similar roles — but at lower salaries. Given the current situation, it does not help that most of the IIT graduates bagged ‘above-average salary packages’ this placement season. IIT Kharagpur students also bagged a few offers from Schlumberger. “As on date, none of the offers were revoked. That was a generic email. We haven’t heard back from them,” Parag Deshpande, vice-chairperson, CDC at IIT-Kharagpur said. “As of now we have withdrawn the offers. If the business climate changes, we will be the first to reach out to those who have been filtered through the whole recruitment process,” Reddy added. ‘We have to take care of our employees first’ Reddy also <a href="https://indianexpress.com/article/education/energy-major-schlumberger-withdraws-job-offers-to-fresh-iit-graduates-6373375/">said</a> that employees across the top management have already taken a pay cut due to the Covid-19 crisis. “We have a longstanding relationship with the IITs. I am from IIT-Bombay. Recruiting from IITs is a continuous process for us. At this point in time, when we are doing business restructuring, it’s just not fair to our current employees. We have to take care of them first. It’s as simple as this.” During the <a href="https://seekingalpha.com/article/4338898-schlumberger-earnings-expected-trouble-may-still-be-afoot">first quarter results for FY21</a> the company said that it expects at least a 15% drop in customer expenditure globally and 40% in North America. It clearly indicates how disruption in supply chain, plant shutdowns and dropping revenues forced companies to rethink placements. Gartner rescinds 11 offers at three IITs With this, Schlumberger joins Gartner, the global research advisory firm to withdraw offers given to new hires. Gartner rescinded nearly 11 offers at IIT Delhi, Madras and Kanpur campuses last month. After that, V Ramgopal Rao, director at the Indian Institute of Technology (IIT) Delhi <a href="https://www.businessinsider.in/careers/news/iit-and-iim-job-offers-are-fast-vanishing-and-a-second-placement-drive-in-july-might-be-underway/articleshow/75003350.cms">appealed to recruiters</a> saying “a few months of delay may be fine. If at all, these students are capable of getting you out of recession faster than you can imagine.” The changed environment left these young minds stranded with no job at hand. The institutes are now figuring out ways to place the students whose offers have been revoked. They are even reaching out to their alumni network to place students in the less-affected sectors. On the other hand, IIT-Kanpur director Abhay Karandikar also <a href="https://indianexpress.com/article/jobs/iit-iim-job-offers-placement-season-coronavirus-outbreak-lockdown-6346524/">said</a> that the institute will arrange a dedicated placement drive in July-August for those students who have been affected by the withdrawal of offers. See also: <a href="https://www.businessinsider.in/business/news/crude-oil-prices-didnt-fall-below-zero-futures-did-and-heres-what-it-means/articleshow/75264639.cms">Crude oil prices didn’t fall below zero, futures did – and here’s what it means</a> <a href="https://www.businessinsider.in/careers/news/iit-and-iim-job-offers-are-fast-vanishing-and-a-second-placement-drive-in-july-might-be-underway/articleshow/75003350.cms">IIT and IIM job offers are fast vanishing and a second placement drive in July might be underway</a> <a href="https://www.businessinsider.in/careers/news/tcs-cognizant-capgemini-and-other-top-giants-who-are-not-letting-go-of-their-new-hires/articleshow/75136446.cms">TCS, Cognizant, Capgemini and other top giants who are not letting go of their new hires</a>

You Searched For "capgemini campus placement" and got 11 results

These core subjects are the biggest winners in IIT-Delhi's record campus placement season

BI India Bureau

French IT major Capgemini wants to hire senior talent team from India for global markets, boost campus placements

BI India Bureau

IIM Shillong witnesses a whopping 73% increase in highest package at ₹48.5 lakh

Prerna Sindwani

Infosys has a new 'no regret' policy when it comes to employees

Prerna Sindwani

IIFT receives highest job offer at ₹75 lakh — that’s higher than XLRI, FMS and a few IIMs

Prerna Sindwani

Amazon becomes the top recruiter at MDI Gurgaon with a ₹40.5 lakh offer

Prerna Sindwani

TCS, Cognizant, Capgemini and other top giants who are not letting go of their new hires

Prerna Sindwani

2017 placement season: Adobe offers Rs 40 lakh pay package to a 20-year-old

Anushree Singh

A third of the freshers who reskilled at Scaler Academy bagged job offers at over ₹25 lakh

Prerna Sindwani

Uber has revoked job offers made to graduates from IIMs, MDI, SPJIMR

Prerna Sindwani

Schlumberger revokes IIT job offers, lowers salaries after the massive crude oil price crash

Prerna Sindwani