The ongoing placement season has seen 231 out of 250 students pick up jobs on campus. While the majority of applicants were from Computer Science, a healthy number of aspirants were from the Chemical, EEE, Mechanical and ENI streams. The Placement Unit (PU) was excited to announce that Tower Research Capital, a high-frequency trading firm, would be recruiting for the first time; the company offered this year’s highest CTC of 38 LPA. International placements were hosted on Day 0; the major highlight was the 85,000 USD per annum offer by Flow Traders.

The co-ordinator, Aditya Chauhan, stressed that branch-wise averages were not reliable indicators for analysis of a particular placement season. ‘It would not make sense to include an A1 student’s finance salary in the Chemical average’, he said.  Notwithstanding, the PU provided median salaries of some sectors. To portray an accurate picture, the PU is waiting for the placement season to end, before they compile any hard statistics.

Five companies in attendance offered more 30 LPA, which is more than a 100% increase from the prior semester.

Tower Research Capital	38
Uber	36
DE Shaw	33
Goldman Sachs	31

Companies offering CTC greater than 30LPA

However, it is important to note that the IT sector’s CTCs are often misrepresentative and glorified. Though the offers seem lucrative, the base salary is often much lower, and the rest of the compensation comes in the form of stocks and assets. This glorification stems from the intense competition between companies in a dynamic sector seeing massive growth.

The rollout of GST in July, however seems to have resulted in unexpected complications this semester. Multiple core companies are undergoing internal restructuring and at this time, it is difficult for them to quantify a demand for employees. As a result, major recruiters over the years like Schlumberger have not turned up which led to a drop in the core average.

Nestle	12
Bajaj	8.8
Kinapse	7
Honeywell	7
Maruti	6.65
Hero	6.5

CTC’s of major companies in the core sector

With the advent of new technology in a data-centric world, consulting and analytics require more skilled candidates to crunch massive amounts of information. Students can no longer consider this line of work as a backup option, since a substantial amount of effort is required to be considered industry-ready.

Boston Consultancy Group	17
McKinsey	16
ICICI	14
Axis	13.5
ZS	8
Mu Sigma	7

CTCs of major companies in the consultancy sector

Amidst all the tussle and competition for large packages, the PU has had to face a recurring problem because of the short-sightedness and unprofessionalism of some BITSians. In several cases, students have shown a lack of professionalism and common courtesy in their conduct; they fail to recognise the serious repercussions for the institute as well as future placements. Companies have flat-out rejected offers to recruit at BITS citing experiences with BITSian candidates as the reason. Rejecting jobs at advanced stages, resigning from the post within a few months and exhibiting a pompous attitude in interviews are all frowned upon. Applicants must realize that they are representatives not only of themselves, but also of their college.

In general, the placement season has seen a good turnout, with a few key companies expected to show up by the close of the semester.