Vellore Institute of Technology (VIT), which commences the process as early as June, has seen a 60 per cent jump in offers. As against 130 companies offering jobs to 1,000 students last year till the end of August, the number in the equivalent period this year has been 1,605 by 224 firms.
Similarly, based on the current trends in pre-placement offers at its Indian campuses, including flagship Pilani along with Hyderabad and Goa, the Birla Institute of Technology and Science (BITS) is also anticipating healthier final placement this year.
In its initial stages of the final placement process, which began recently, the premier engineering institute has seen a healthy 31.91 per cent jump in pre-placement offers so far this year at 186, up from 141 last year, across its Indian campuses.
“The hiring outlook for the current year looks positive till now as compared to the figures last year, both in terms of placement and the packages offered,” said Balasubramanian Gurumurthy, chief placement officer, India and Dubai, BITS Pilani.
According to Gurumurthy, pre-placement offers are on account of companies’ hiring patterns as well as growth in IT demand in newer roles like data science and artificial intelligence (AI) Sriram S Padmanabhan, director (career centre), SRM University, said: “We are ahead of last year on all parameters including the number of companies that visited us and the number of offers made so far.”
SRM University has exceeded 900 offers from close to 100 companies since the process began in July.
Top recruiters like Microsoft, DE Shaw, Cisco, Deloitte, Societe General, Goldman Sachs and Qualcomm have visited PSG College of Technology with Qualcomm emerging as the largest recruiter so far.
Hiring experts and campus-placement sources say the positive recruitment is owing to an increased number of contract acquisitions by IT firms as well as tougher US regulations, forcing global firms to set up shop in India and hire more locally.
“Campus recruitment is better than last year primarily because IT services firms are hiring on the back of winning more digital and automation contracts. They are also trying to get a different kind of workforce for themselves and many of them have shed the kind of workforce which was probably not right for their digital and automation customers. Hence, this year is even better than the last two years from a campus hiring point of view,” said Kamal Karanth, co-founder of Xpheno, a specialist staffing company.
Rajkumar said: “IT students are getting a lot of opportunity while we expect core engineering companies to come in October.”