Accept the updated privacy & cookie policy

The Indiatimes.com Privacy Policy has been updated to align with the new data regulations in European Union. Please review and accept these changes below to continue using the website. We use cookies to ensure the best experience for you on our website.

Flipkart Placement Debacle Fallout: IITs To Overhaul Campus Recruitments, PSUs To Get More Preference

IITs are keen to give public sector undertakings PSUs early placement slots this year even Day 1. Some schools plan to invite about 100 PSUs each with directors and faculty members reaching out to them to ensure they attend. IITs also trying to rope in the ministry of human resource development to persuade the so-called Maharatna and Navratna companies to participate in campus placement.
Indiatimes Updated on Sep 16, 2016, 14:32 IST

India's top engineering schools are set to forego startup sparkle for state-owned solidity when it comes to this year's campus recruitment after many high profile enterprises reneged on or delayed job offers last year.

Many also went out of business, leaving new recruits high and dry.

meetuniversity

PSUs get better slots

The Indian Institutes of Technology (IITs) are keen to give public sector undertakings (PSUs) early placement slots this year, even Day 1.

That's despite such firms offering much less by way of pay or stock options than private companies. Some schools plan to invite about 100 PSUs each with directors and faculty members reaching out to them to ensure they attend.

Also Read:?After Flipkart Debacle IITs Are Figuring Out How To Stop Startups From Ruining Students' Careers

Navratna companies to recruit students

The IITs are also trying to rope in the ministry of human resource development to persuade the so-called Maharatna and Navratna companies to participate in campus placement.

These are large companies that have greater levels of independence when it comes to taking business and investment decisions PSUs that are likely to be on the list include Oil and Natural Gas Corp, Indian Oil Corp, Bharat Heavy Electricals Ltd, NMDC and Hindustan Aeronautics Ltd.

BCCL/representational image

"Until last year, we could not bring in PSUs and also many students were opting for startups. Our experience with the startups was not all good last year. This year, we want to bring in PSUs in the first week itself so that students get a chance to opt for stable jobs rather than pick up lucrative offers in startups," said Debasis Deb, chairman of the career development centre at IIT Kharagpur.

Also Read:?Six Startups, Including Flipkart, Blacklisted From IIT Campus Recruitments

Several companies including Peppertap, Zomato, Roadrunnr, Stayzilla and Flipkart had either deferred or withdrawn offers made to students during the last IIT placement season.

BCCL/representational image

The All-IITs Placement Committee recently blacklisted 30 companies, including startups, that went back on job offers. State-run companies will be visiting IIT campuses after a gap of two years.

The Madras High Court had barred PSUs from participating in campus recruitments in 2014 following a public interest litigation (PIL).

The high court stayed the ban in December last year. Before the ban was imposed, PSUs typically visited IITs only in late January or February when most of the students with high scores had already been hired in December, when the process starts and the choicest companies are called.

Also Read:?IITs Set To Blacklist 20 Startups And eCommerce Companies For Cancelling Offers Last Minute

During the ban years, PSUs largely considered Graduate Aptitude Test in Engineering (GATE) scores for recruiting engineers.

BCCL

Six IITs that are ready to give early slots to PSUs, IITs of Kharagpur, Roorkee, Bombay and Guwahati plan to offer them Day 1. Such companies provide rich work experience in core streams such as mechanical, chemical, aerospace and metallurgical engineering, besides stability. And, following bad experiences with startups, IITs such as Guwahati, Kharagpur, Roorkee and Delhi are telling students that this is a value that should be highly valued in a volatile environment.

BCCL/representational image

Average salaries of Rs 10 lakh

The PSUs offer annual salaries of about Rs 10 lakh on average, about one-third of what is generally offered by Day 1 companies. In boom years, Day 1 firms have even offered upwards of Rs 40-50 lakh for top candidates. Anishya Madan, industrial liaison officer at IIT Delhi's training and placement cell, said state-owned companies make for a wide range of options.

BCCL/representational image

"It is not about the salaries alone, it is also about stability. We want students to get enough choice, especially in terms of working with core companies. With the ban lifted on PSUs coming to IITs, we are trying our best to give them a healthy mix from Day 1 itself," Madan said.

Student interest in such companies has naturally risen from almost nothing to about a third that are looking for such jobs. "These estimates are based on last year's data from student application forms," said a spokesperson at IIT Bombay's placement cell.

BCCL/representational image

"This year too we are getting many queries from the students who are actually looking to work at PSUs. We have not had many PSUs visiting in the last few years. We are hoping this to change this year. We are trying to actively invite PSUs to come for campus recruitment," said Manu Santhanam, training and placement advisor at IIT Madras.

Also Read:?31 Firms That Went Back On Job Offers Banned From IIT Placement, Flipkart Gets Away With A Warning

ad
universo-virtual.com
buytrendz.net
thisforall.net
benchpressgains.com
qthzb.com
mindhunter9.com
dwjqp1.com
secure-signup.net
ahaayy.com
soxtry.com
tressesindia.com
puresybian.com
krpano-chs.com
cre8workshop.com
hdkino.org
peixun021.com
qz786.com
utahperformingartscenter.org
maw-pr.com
zaaksen.com
ypxsptbfd7.com
worldqrmconference.com
shangyuwh.com
eejssdfsdfdfjsd.com
playminecraftfreeonline.com
trekvietnamtour.com
your-business-articles.com
essaywritingservice10.com
hindusamaaj.com
joggingvideo.com
wandercoups.com
onlinenewsofindia.com
worldgraphic-team.com
bnsrz.com
wormblaster.net
tongchengchuyange0004.com
internetknowing.com
breachurch.com
peachesnginburlesque.com
dataarchitectoo.com
clientfunnelformula.com
30pps.com
cherylroll.com
ks2252.com
webmanicura.com
osostore.com
softsmob.com
sofietsshotel.com
facetorch.com
nylawyerreview.com
apapromotions.com
shareparelli.com
goeaglepointe.com
thegreenmanpubphuket.com
karotorossian.com
publicsensor.com
taiwandefence.com
epcsur.com
odskc.com
inzziln.info
leaiiln.info
cq-oa.com
dqtianshun.com
southstills.com
tvtv98.com
thewellington-hotel.com
bccaipiao.com
colectoresindustrialesgs.com
shenanddcg.com
capriartfilmfestival.com
replicabreitlingsale.com
thaiamarinnewtoncorner.com
gkmcww.com
mbnkbj.com
andrewbrennandesign.com
cod54.com
luobinzhang.com
bartoysdirect.com
taquerialoscompadresdc.com
aaoodln.info
amcckln.info
drvrnln.info
dwabmln.info
fcsjoln.info
hlonxln.info
kcmeiln.info
kplrrln.info
fatcatoons.com
91guoys.com
signupforfreehosting.com
faithfirst.net
zjyc28.com
tongchengjinyeyouyue0004.com
nhuan6.com
oldgardensflowers.com
lightupthefloor.com
bahamamamas-stjohns.com
ly2818.com
905onthebay.com
fonemenu.com
notanothermovie.com
ukrainehighclassescort.com
meincmagazine.com
av-5858.com
yallerdawg.com
donkeythemovie.com
corporatehospitalitygroup.com
boboyy88.com
miteinander-lernen.com
dannayconsulting.com
officialtomsshoesoutletstore.com
forsale-amoxil-amoxicillin.net
generictadalafil-canada.net
guitarlessonseastlondon.com
lesliesrestaurants.com
mattyno9.com
nri-homeloans.com
rtgvisas-qatar.com
salbutamolventolinonline.net
sportsinjuries.info
topsedu.xyz
xmxm7.com
x332.xyz
sportstrainingblog.com
autopartspares.com
readguy.net
soniasegreto.com
bobbygdavis.com
wedsna.com
rgkntk.com
bkkmarketplace.com
zxqcwx.com
breakupprogram.com
boxcardc.com
unblockyoutubeindonesia.com
fabulousbookmark.com
beat-the.com
guatemala-sailfishing-vacations-charters.com
magie-marketing.com
kingstonliteracy.com
guitaraffinity.com
eurelookinggoodapparel.com
howtolosecheekfat.net
marioncma.org
oliviadavismusic.com
shantelcampbellrealestate.com
shopleborn13.com
topindiafree.com
v-visitors.net
qazwsxedcokmijn.com
parabis.net
terriesandelin.com
luxuryhomme.com
studyexpanse.com
ronoom.com
djjky.com
053hh.com
originbluei.com
baucishotel.com
33kkn.com
intrinsiqresearch.com
mariaescort-kiev.com
mymaguk.com
sponsored4u.com
crimsonclass.com
bataillenavale.com
searchtile.com
ze-stribrnych-struh.com
zenithalhype.com
modalpkv.com
bouisset-lafforgue.com
useupload.com
37r.net
autoankauf-muenster.com
bantinbongda.net
bilgius.com
brabustermagazine.com
indigrow.org
miicrosofts.net
mysmiletravel.com
selinasims.com
spellcubesapp.com
usa-faction.com
snn01.com
hope-kelley.com
bancodeprofissionais.com
zjccp99.com
liturgycreator.com
weedsmj.com
majorelenco.com
colcollect.com
androidnews-jp.com
hypoallergenicdogsnames.com
dailyupdatez.com
foodphotographyreviews.com
cricutcom-setup.com
chprowebdesign.com
katyrealty-kanepa.com
tasramar.com
bilgipinari.org
four-am.com
indiarepublicday.com
inquick-enbooks.com
iracmpi.com
kakaschoenen.com
lsm99flash.com
nana1255.com
ngen-niagara.com
technwzs.com
virtualonlinecasino1345.com
wallpapertop.net
nova-click.com
abeautifulcrazylife.com
diggmobile.com
denochemexicana.com
eventhalfkg.com
medcon-taiwan.com
life-himawari.com
myriamshomes.com
nightmarevue.com
allstarsru.com
bestofthebuckeyestate.com
bestofthefirststate.com
bestwireless7.com
declarationintermittent.com
findhereall.com
jingyou888.com
lsm99deal.com
lsm99galaxy.com
moozatech.com
nuagh.com
patliyo.com
philomenamagikz.net
rckouba.net
saturnunipessoallda.com
tallahasseefrolics.com
thematurehardcore.net
totalenvironment-inthatquietearth.com
velislavakaymakanova.com
vermontenergetic.com
sizam-design.com
kakakpintar.com
begorgeouslady.com
1800birks4u.com
2wheelstogo.com
6strip4you.com
bigdata-world.net
emailandco.net
gacapal.com
jharpost.com
krishnaastro.com
lsm99credit.com
mascalzonicampani.com
sitemapxml.org
thecityslums.net
topagh.com
flairnetwebdesign.com
bangkaeair.com
beneventocoupon.com
noternet.org
oqtive.com
smilebrightrx.com
decollage-etiquette.com
1millionbestdownloads.com
7658.info
bidbass.com
devlopworldtech.com
digitalmarketingrajkot.com
fluginfo.net
naqlafshk.com
passion-decouverte.com
playsirius.com
spacceleratorintl.com
stikyballs.com
top10way.com
yokidsyogurt.com
zszyhl.com
16firthcrescent.com
abogadolaboralistamd.com
apk2wap.com
aromacremeria.com
banparacard.com
bosmanraws.com
businessproviderblog.com
caltonosa.com
calvaryrevivalchurch.org
chastenedsoulwithabrokenheart.com
cheminotsgardcevennes.com
cooksspot.com
cqxzpt.com
deesywig.com
deltacartoonmaps.com
despixelsetdeshommes.com
duocoracaobrasileiro.com
fareshopbd.com
goodpainspills.com
kobisitecdn.com
makaigoods.com
mgs1454.com
piccadillyresidences.com
radiolaondafresca.com
rubendorf.com
searchengineimprov.com
sellmyhrvahome.com
shugahouseessentials.com
sonihullquad.com
subtractkilos.com
valeriekelmansky.com
vipasdigitalmarketing.com
voolivrerj.com
zeelonggroup.com
1015southrockhill.com
10x10b.com
111-online-casinos.com
191cb.com
3665arpentunitd.com
aitesonics.com
bag-shokunin.com
brightotech.com
communication-digitale-services.com
covoakland.org
dariaprimapack.com
freefortniteaccountss.com
gatebizglobal.com
global1entertainmentnews.com
greatytene.com
hiroshiwakita.com
iktodaypk.com
jahatsakong.com
meadowbrookgolfgroup.com
newsbharati.net
platinumstudiosdesign.com
slotxogamesplay.com
strikestaruk.com
trucosdefortnite.com
ufabetrune.com
weddedtowhitmore.com
12940brycecanyonunitb.com
1311dietrichoaks.com
2monarchtraceunit303.com
601legendhill.com
850elaine.com
adieusolasomade.com
andora-ke.com
bestslotxogames.com
cannagomcallen.com
endlesslyhot.com
iestpjva.com
ouqprint.com
pwmaplefest.com
qtylmr.com
rb88betting.com
buscadogues.com
1007macfm.com
born-wild.com
growthinvests.com
promocode-casino.com
proyectogalgoargentina.com
wbthompson-art.com
whitemountainwheels.com
7thavehvl.com
developmethis.com
funkydogbowties.com
travelodgegrandjunction.com
gao-town.com
globalmarketsuite.com
blogshippo.com
hdbka.com
proboards67.com
outletonline-michaelkors.com
kalkis-research.com
thuthuatit.net
buckcash.com
hollistercanada.com
docterror.com
asadart.com
vmayke.org
erwincomputers.com
dirimart.org
okkii.com
loteriasdecehegin.com
mountanalog.com
healingtaobritain.com
ttxmonitor.com
bamthemes.com
nwordpress.com
11bolabonanza.com
avgo.top