Global rescission to impact salaries for top IIT's!

Placement season starts at the different Indian Institute of Technology (IIT) on December 1, with a host of consulting companies, investment bankers, and core engineering firms scooping in for their picks as the clock strikes at midnight.

Placement teams across IITs have cautioned, some of the top international and domestic offers may see a marginal dip in compensation owing to the global recession. Unlike the B-school placements, the IIT recruitment season will not be in cohorts and a mix of core engineering firms, investment banks, PE firms, and high-frequency trading companies can make their selection at the same time.

Despite the ongoing recession in the west, companies are hiring for the domestic markets. On Wednesday, Samsung India said it aims to hire around 1,000 engineers for its R&D institutes across India that include Samsung R&D Institute Bangalore, Samsung R&D Institute Noida, Samsung R&D Institute Delhi, and Samsung Semiconductor India Research in Bengaluru.

According to the placement teams at the IITs, Google, Microsoft, Flipkart, Accenture, Quadeye, and Quantbox will be on the recruitment drive in the early slots of the first day of placements. Some of the students are holding onto their pre-placement offers which have hit ₹1.2 crore compensation packages this year for the batch of 2023.

Community Manager.