NIT Nagpur: Placements increased by around 13 percent at Visvesvaraya National Institute of Technology Nagpur (VNIT) in the first phase of this placement season, compared to that in 2014, with recruitment of 341 UG students out of total 549 students, who registered for the campus placement, says official.
“The placement has been around 12 percent to 13 percent higher as compared to last year’s mark in terms of the number of companies participating, number of students recruited and also the salaries offered,” says Dr. A.B. Andhare, Associate Dean-Training & Placement, VNIT Nagpur.
Average annual package offered in the season’s first placement phase, which continued throughout December 2014, was at 5.93 LPA and the highest annual package grabbed by a VNIT Nagpur student was 13.40 LPA, he informed. Second phase of this placement season will be held in April 2015.
According to Dr. Andhare, the sector-wise placement statistics for 2014-15 (till December 18, 2014) shows that core-Engineering sector played a major role in the process.
“Around 59 percent offers were made from the Core Industry, 29 percent from IT and 12 percent from Management Consulting. We can say the key placement trend at our NIT is majorly towards the Core sector,” says Dr. Andhare.
NIT Nagpur, with a total number of 760 B.Tech/BE students, witnessed around 85 companies, including a number of major players across sectors, in the placement process this season.
“Among 80-85 companies, which participated in the placement process, major recruiters are Morgan Stanley, IBM, GoldMan Sachs, Oracle, Reliance Industries, Amazon, Barclays, Pepsico, Hewlett Packard, Honda, Hero MotoCorp, Futures First, Diebold, Tata Power, L&T Group, Bristlecone, Pidilite, BrahMos and Bunge Limited,” he says.
According to Dr. Andhare, ‘Make in India’ concept, recently introduced by Government of India, made major impact on the placement process this year, with many Core-Engineering companies offering a number of core job to the students at VNIT Nagpur.
“‘Make in India has impacted the placements this year more prominently at our campus. As a result, our campus has got more Core-Engineering companies offering jobs to students in various core branches. Also, our students have shown preference for core jobs in core industries rather than new-age jobs,” Dr. Andhare says.
On the other hand, those students, who are inclined towards entrepreneurship, are being guided and facilitated by VNIT Incubation Centre.
“VNIT has established an Incubation Centre to encourage start-ups. A few start-ups are already registered on campus. We have been providing the required facilities to the students to go ahead for the same. Interested students also get guidance through Alumni Association and Industry Institute Interaction Cell,” says Dr. Andhare.
Stay tuned to engineering.careers360.com for more news and articles on IIT Placements
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