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IIT Kharagpur creates record, more than 1,000 students get jobs

The bygone year 2013 has given a reason to IIT Kharagpur to rejoice throughout 2014 as the coveted engineering institution has set a record among all IITs with more than 1,000 students being placed in good companies in the first phase of campus placements, IIT officials said today.

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Around 1,010 students of the Kharagpur campus accepted job offers in the first round of placements, which ended in December.

At IIT Mumbai, there were 900 offers while IIT Delhi got about 750 offers and IIT Kanpur had around 700 offers.

IIT officials said, Kharagpur has achieved a new record with the maximum number of students getting jobs in the IIT system in one phase.

In addition to big names like Google, Microsoft, Oracle, Shell, Deutsche Bank, ITC, Schlumberger, Goldman Sachs, Credit Suisse, Abbott and EXL, start-ups like Flipkart and Housing.com were the ones who made multiple offers in dual figures.

In the first placement round, two new dual degree programs - Financial Engineering and Engineering Entrepreneurship – emerged as a big hit with 85 per cent students of these courses being placed. 

"The programs not only demonstrated acceptability by the industries, but projected the vision of IIT-Kharagpur for launching novel initiatives," said Professor Sudhir Kumar Barai, in-charge of training and placement, IIT Kharagpur. 

The highest package offered was from a US-based company which has signed an IITian for an annual salary of USD 1.25 lakh (around Rs. 77 lakh).

The highest domestic package was of Rs. 37 lakh. Two new dual degree programs - Financial Engineering and Engineering Entrepreneurship - proved to be a big hit with 85 per cent students from those courses being placed.

"The programs not only demonstrated acceptability by the industries, but projected the vision of IIT-Kharagpur for launching novel initiatives," said Professor Sudhir Kumar Barai, in-charge of training and placement, of the institute.

The number of companies offering placements have also increased this year with 195 organisations coming this time.

Barai said another 79 engineering students have accepted pre-placement offers from other companies.