While the Indian Institutes of Management (IIMs) struggle to place their graduating students in adverse economic weather, job offers are pouring for tech grads from the Indian Institutes of Technology (IITs) from recruiters old and new. Almost a month after its placement process started, IIT Madras has placed 63% of the 1,208-strong batch. For some US placements, the annual compensation offered was as high as $135,000 while domestic companies offered R4-15 lakh. Two to three companies visit the IIT Madras campus every day for recruitment.
Source: The Financial Express