BITS Pilani's Hyderabad campus hosts International Conference on Sensor Technology
New Delhi, August 7: The coveted Birla Institute of Technology (BITS) Pilani on Friday announced that it has been able to host an extra 155 companies for its campus placements across the country this year. As per the institution, approximately 700 students received offers of more than Rs. 20 Lakhs per annum, an increase of 21 percent over the 2019-20 placement season.
The institute has also stated that despite of the industrial downturn, the median salary for 2021 was at healthy Rs. 12.78 lakhs while the average Cost To Company (CTC) stood at Rs. 15.6 Lakhs per annum and the maximum CTC was Rs. 45 lakhs per annum, same as last year.
Mr. Tabir Mishra, Head of Placements, BITS Pilani campus, said, "The early indicators in terms of 8 weeks summer internship PPOs and registrations by companies for final placements show that the industrial demand is robust for the 2021-22 placement season which is due to begin in the mid of August, promising a good growth in the placement figures for the next season."
BITS, in a statement, said that while there was 26.4 percent increase in number of students registered for placements, from 2411 registered last year to 3047 2021, the placement numbers too have been high with an increase of 470 students, a growth of 22.66 percent. In 2020, 2074 students received placements as compared to 2544 in the current year.
The institute has recorded a greater demand in the IT space with internship pre-placement offers and full-time roles being offered by companies such as Microsoft, Google, Salesforce, Samsung, DE Shaw, AppDynamics, Amazon, Flipkart Cisco, Oracle, ServiceNow, IBM, PayPal, and many more.
"With the Covid downturn affecting the manufacturing sector as a whole adversely, a report of the Office of the Economic Advisor shows the Growth Index of Industrial Production for the manufacturing sector at minus 9.6% for 2020-21. The construction sector was also hit, as projects were delayed due to unavailability of manpower and supply-chain disruption," the institute said in its placement announcement.
Despite degrowth in the manufacturing segment, companies such as Ramboll, Larsen and Tubro, WSP, Arup, Stantec, Jacobs, Atkins Global and Vestas hired BITS Pilani students through full-time hiring and 6-month internship routes.