The Indian Institutes of Technology (IITs) are witnessing the drop in offers for the onsite position from the US companies, even though there has been an increase in the overall number of job offers. And this is because of the issues related to the availability of sufficient number of H-1B visas.
The placement officials has said that many US based companies like Visa Inc, Microsoft and Oracle has participated for this year’s recruitment, but they had made less offers. Companies like Twitter, Facebook and Uber, had also did not make any foreign offers this year.
According to a student from IIT Khargpur, Google had preferred to walk off through the pre placement path this year and had provided offers to only those students who had concluded a three month internship with the company. Google had visited the campus for the ultimate placements but had not made any offer.
According to a Placement Coordinator, IIT Bombay, Atul Shukla, the institute has witnessed very fewer firms offering the US jobs as during the previous few years the visa rules had become more severe. The firms had employed the students but had not been able to secure H-1B visas for those students. Then, the students had to shift to another foreign office.
The US issues 65,000 H-1B visas each year. In the year 2014, the USCIS had got around 1,72,000 additional applications which are more than the H-1B visas, forcing it to choose on the applicants through a computer based draw of lots.
4 out of 8 IITians from Delhi who had received foreign offers during their placements this year had discarded them for the domestic roles.
According to the Placements Overall Coordinator, the IIT Bombay had witnessed more foreign positions offered for Japan and South East Asian nations like Taiwan. The Japanese firm had made 9 offers at the IIT Guwhati this year.
Domestic offers had witnessed a key hike in all the IITs with the most of the engineering companies and the other startup firms are on top of the list. The IIT Bombay had witnessed around 500 students who had been places from 100 firms across various sectors like consulting, finance, software and core engineering. Many startup companies and E-commerce companies like Grofers had made many offers all over the IITs.
According to a student from the IIT Guwhati, the pay packages has witness an average hike of 15% this year. And the opening phase of the placement at the IITs would begin from 1st December.