Indian Institute of Technology Kharagpur - Placements at IIT Kharagpur

Placements At IIT Kharagpur

The international placements began in 2006. IIT Kharagpur’s Vinod Gupta School of Management (VGSOM) had completed Vantage 2008, its annual recruitment programme, on a high note with a 30% increase in the average salary levels offered to the 121-strong batch, reports Sreeradha D Basu in Kolkata. According to IT magazine Dataquest’s annual survey, IIT Kharagpur is the second best technology college in terms of placement in India.

This huge jump can be attributed to the fact that it is the first time in IIT Kharagpur’s history that students have been allowed to take up foreign placements by companies. “We, in fact, had a documented policy of not allowing foreign placements. This was overturned last year,” GS Sinha, former IIT Kgp’s placement in-charge, said. “Since all the other IITs were already allowing this, we wanted it to happen at IIT-Kharagpur as well,” he added.

“Since we got the permission a bit late last year, the kind of active marketing that was required did not happen. This year, we plan to plug into our alumni network and scale up the process in a much bigger way,” said Prof Sinha.

The top domestic compensation in 2008 came in at Rs 18 lakh per annum. In 2011 batch, Goldman Sachs recruited 10 students on a package of Rs. 26 lakhs per annum.

Barclays Capital recruited 11 students with a package of 22 lakh (US$40,000) per annum in December 2009. The highest salary offered till now is 1.7 crore (US$309,400) per annum by social networking site Facebook in an off-shore recruitment (of which Employee stock ownership plans (ESOPs) were offered valued at Rs 1 crore). The 2010 batch of B.Tech students saw 94% placements while the remaining preferred IIMs or entrepreneurship.Deutsche Bank recruited 9 students on a package of 15 lakh (US$27,300) per annum per annum. For 2012 batch, Facebook has made the highest offer US$150,000 to four students.