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Indian Institutes of Technology - IITs are famously known as institute of national importances which were established through an Act of Parliament for providing higher technical education to aspiring engineers. These institutes aim to provide quality education in the field of science and technology.
IITs have proved to be the most preferred destination for aspiring engineers from all across the country. They have produced many illustrious and eminent technologists who have made significant contribution at national and international level. Students passing from IITs have been selected by leading national and multinational corporations and research institutes. The Placement statistics of IITs are the indicators of its exemplary placement record. The Placement procedure for IITs generally differs from institute to institute, with the exception of some processes which remain similar.The Top Recruiters at IITs are generally from the IT sector, Consultancies, Manufacturing sector etc. Some of the past recruiters of IITs are Schlumberger, Microsoft, Yahoo, D.E. Shaw, Adobe, Oracle, PWC, IBM, John Deere, Infosys, Godrej, Cognizant, BHEL, SAIL, Dr. Reddy’s Lab, Goldman Sachs, L&T, Nokia, Ashok Leyland, G.E. Healthcare etc.For the year 2010-2011, placement scenario at IITs has been very much promising. Companies have been bullish in terms of making offers. IIT Kharagpur has recorded the highest pay package for the year of about Rs 64 lakhs made by Facebook. Microsoft was also not far behind making an offer of Rs 60 lakhs. In general there has been an increase of Rs 15 – 20% in salary across all sectors. The Average salary for IIT Delhi has been Rs 5.2 lakhs where as for IIT Madras the average salary has been Rs 7.5 lakhs.
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