This — and the fact that Microsoft has made more US offers than last year — has led to a spurt in overall overseas placement offers, despite big-ticket recruiter Oracle not hiring for US roles this year.
International offers had plummeted at the IITs in 2016-17. Based on data collated by ET during the first few days of final placements that started December 1, overseas offers have more than trebled at IIT Madras and IIT Kharagpur. IIT Madras has seen a rise in international offers to 22 from six in the first three days of placements. At IIT Kharagpur, numbers have jumped to more than 30 from nine.
IIT Roorkee got 13 international offers in the first three days, compared with seven last year. The institute has already surpassed last year's total tally of 12.
Students at IIT Kanpur have got around 20 overseas offers already, which is at least 50% more than the same time last year, said a placement team member. At IIT Bombay, international offers (from day one to three), including pre-placement offers, have gone up to 60 from 50.
According to placement sources at these IITs, the surge in international offers has been fuelled largely by Asian companies aggressively hiring tech talent.
At IIT Roorkee, for instance, the three US offers are all from Microsoft for jobs at Redmond. In comparison, Japanese peer-topeer marketplace app operator Mercari has made nine offers for jobs in that country, while firsttimer Webstaff has made one, taking the tally to 10.
"IITs are the hub for technology talent for global companies. Now, more and more countries, led by the likes of Japan, are realising the potential of IIT students," said NP Padhy, IIT Roorkee professor-in-charge of training and placement.
IIT Kanpur students have got eight US offers — four from Microsoft, three from cloud data management company Rubrik and one from Uber. Asia accounts for more than 10, including Taiwan Semiconductor (one), Singapore-based Dynamic Technology Lab (five), RV Capital Management (two) and CBS Techno (two). At IIT Bombay, 11 international offers came from Murata and Sysmex of Japan. NEC Japan was another aggressive recruiter.
Part of the reason Japanese companies are leading the charge may have something to do with the need to look overseas for young talent in light of its ageing population, surmised one of the IIT placement officials.
IIT Madras already has nine Japanese offers compared with about three last year, said Manu Santhanam, advisor, training and placement at the institute.
Asian companies are in aggressive hiring mode, said Debasis Deb, chairman of the career development centre at IIT Kharagpur.
Mercari was a first-timer on the Kharagpur campus while Taiwan Semiconductor made four offers. Japanese tech company Konica Minolta came on second day while LG opened up profiles in South Korea for the first time, making three offers. Placement sources said students are keen on Asian companies.
"Quite a few offers have come from companies in Japan and Singapore other than the US recruiters," said one placement official.
"Despite salaries being lower in rupee terms, students are keen to join since those are good avenues to explore and grow and (such locations) also have a lower cost of living than US."