More US offers likely at IIT-Bombay campus placements – Times of India

MUMBAI: US-based IT firm, Cohesity, and first-time recruiter Glean, are likely to make the coveted US offers on day one of the placement season at IIT Bombay.
Cohesity is expected to offer the highest package of Rs 1.46 crore (or 1,95,000 USD), followed by Glean, that has a package of Rs 1.12 crore (or 1,50,000 USD) on offer.
These packages also include incentives and other stock options. The annual placement season will kick off virtually at all the major IITs on December 1. After a slow season last year in the pandemic, students are expecting this year’s placements to start on a good note.
While cloud data management company, Rubrik, too will be offering a US role for a package of Rs 75 lakh (or 1,00,000 USD), HiLabs is yet to confirm. Most of the top software roles are usually taken by students from the computer science and engineering department. A couple of other firms offering US roles are also planning to recruit from the campus. Microsoft, which usually picks students for international profiles, has confirmed only domestic ones for this year’s placements, said a final-year student. “Direct US placements have anyway declined in the past few years, irrespective of the pandemic,” he added.
Of the international roles on offer, a large number will be from companies in Japan and Singapore. Among the Japanese firms offering attractive packages are Sony Japan, Hyundai (research & development) and Rakuten. Some international profiles, which are not located in the US, will be paying in USD too, said a student.
Other IT majors such as Apple, Google, Oracle, Uber, will be visiting the campus (virtually) only with domestic roles. Regular recruiters from the consulting and investment banking sectors such as the BCG, Bain, McKinsey, Blackstone, will be among the day one recruiters.
The packages of these firms are in the range of Rs 30-45 lakh some are even up to Rs 60 lakh. Around 1,900 students from the institute have registered for the placement, but not all of them will be participating in the drive.
“We will be in a better position to see how the placement season will be after the first two to three days. It is difficult to predict now, but so far, the situation appears promising,” said a student.