Indian Statistical Institute - [ISI], Kolkata - Placement Details and Companies Visiting

All the courses of ISI Kolkata i.e. M. Math, M. Tech (CSE), M. Stat, MSQE, and M. Tech QROR have the same placement rate that is 100%. All the courses have a placement rate of 100% and every student of ISI Kolkata either gets placed. 

The only thing that differs in all these courses in terms of placement is the time when they get placement. The students from one course get placed earlier than the other. M.Stat students get placed earlier than the MSQE or M.Tech students. According to the average package, the students of M.Stat usually receive a higher average package. However, MSQE or M.Tech students also get higher packages in some years. The average CTC offered at the institute is 19 LPA. 

One of my friends is an alumnus of ISI Kolkata and here is his insight into the placements for MTech CS. 

1. The job profiles offered by ISI are mostly from Data Analytics. You will not get many CS core jobs from the placement drive. Don’t expect companies such as Google, Amazon, Microsoft, etc. 
2. As an M.Tech(CS) student, you will have a fair knowledge about IR, Pattern Recognition, Data Mining and you can easily get jobs at these visiting companies. 
3. In the recent placement drive, the highest package offered was INR 25 to 28 LPA while the average was INR 10 to 12 LPA.
4. ISI offers good job opportunities, but it is limited to a particular domain. Along with Data Analytics companies, few R&D centers like TCS Innovation, Infosys R&D, visit the placement drive. 

Other than that you can apply for summer internships and if you perform well you will receive PPOs. But if you are expecting a job strictly related to your field after the compilation of your masters then don’t choose ISI. It is an excellent option if you want to do a Ph.D. or want a career in research. 

After reading some reviews online, I can say that, if you want to be a data scientist, ISI Kolkata would be a good choice. In fact, it is said to be the top college for aspiring data scientists. This would definitely open up a lot of opportunities. 

However, if you want to be a developer, the ISI M.Tech CS program falls short of IIIT-H and BITS Pilani CSE. I believe IIIT-H and BITS Pilani offers similar opportunities for software developer positions. 

My friend is currently studying at ISI Kolkata, and according to him, there’s no specific course on Data Science currently. However, students belonging to M.Tech CS often get placed in companies for data science profiles. Thus, you must check the placement insights for M.Tech CS instead.

Here are some crucial placement stats for M.Tech CS batch in recent years. 

• The highest package offered was nearly 39 LPA
• The lowest package offered was about 13 LPA
• The Average package remained 18.8 LPA and the median package was almost 18 LPA
• Various roles offered mainly consisted of Analyst, Data Scientist, Business Analyst, Data Analyst, Quantitative Researcher, Trader, Resident Researcher, Software Engineer, etc.
• The major companies where CS students got placed included Microsoft, LinkedIn, Flipkart, Myntra, Zendrive, Yodlee, Optum, Sapient Razorfish, Fidelit, Oyo, etc. 
• Other companies that offered jobs for CS students included Alphonso TV, Goldman Sachs, JPMC, Trexquant, STAR, Reliance, Fourkites, Samsung, TeraData, Play games, ElasticRun, Blackrock, and more with annual packages ranging from 12 LPA to 35 LPA.

The placement scenario at ISI Kolkata remains absolutely impressive for almost all courses. Almost everyone gets placed, except those who are going for higher studies instead. If you are confused about the placement system at ISI Kolkata, you don’t need to worry at all. You can grab pretty attractive packages with your caliber.

One of my friends is currently in his first year of M.tech CS at ISI Kolkata. Here are some crucial insights regarding the academics and placements according to his experience.

Academics: 

• If you have a CS background in your under graduation too, then all subjects in the first year will be mostly repetition for you. You can also check the exact list on the ISI website. However, many people with a CS background say that they have learned things in a much-refined way.
• In the second year, you finally get to choose subjects based on your interest which will help you in your final thesis.
• ISI is quite famous for cryptography but you can also find good thesis projects in prestigious fields like Machine learning, Image processing, Algorithms, VLSI, cognitive science, etc. Also, you get good guidance in all of these.

Placements:

ISI is particularly famous for statistics. So, most companies coming for placements offer Data science profiles. Very few companies would be offering developer job roles. So regarding the placements, it’s the best place to grab data scientist roles with lucrative packages. In the recent placement highlights, the average and highest CTC offered was 19.80 LPA and 42 LPA. 

Overall, ISI Kolkata is an amazing place to pursue your M.Tech in CS. The great academics and placement record indeed make it a haven for students associated with CS, mathematics, and statistics fields.

Here's an overview of the internship and Final Placement data for the M.Tech CS 2021 Batch:

Summer Internship

• The percentage of industry domains, where the most internships have been gained are - Data Science: 53.7% interns and Risk Modelling: 11% interns.
• The highest monthly stipend was INR 1.65 lakhs while the average monthly stipend was INR 82,000 lakhs.

Final Placements

• CSE department saw the highest placement percentage of 100%.
• The product-based domain offered the highest number of offers with 20.0%.
• Most of the jobs were for the role of a Data Scientist, nearly half of the total, with a 48% recruitment.
• The highest CTC offered was INR 56 LPA; the average CTC was INR 19.5 LPA and the median CTC offered was INR 18.6 LPA.

The top recruiters for the year 2021 were Google, Alphonso, Morgan Stanley, Microsoft, Amazon, Flipkart, PayPal, Samsung, KPMG, OYO, TATA, Naukri.com, Reliance, and others.

I have friends studying in ISI Kolkata and old IITs. Based on my conversations with them, I will say there is no doubt that M.stat students from ISI have better chances of landing jobs with really lucrative salaries. You will be surprised by the fact that ISI is known for its 100% placement ratio for M.Stat. This is not the case you would be able to find in any IIT whether old or new.

• Even if you pursue a B.tech degree from IIT Bombay (an old and reputed IIT), the institute never succeeds in maintaining a cent-percent placement record. You can even cross-check the stats from IIT Bombay’s website.
• Students studying mathematics and computing students from IITs, most of them are more inclined towards research careers than jobs.
• M.Stat degree from ISI is unique in India. The course is highly reputed and the institute itself is far ahead of most Indian institutes in the field of stats, math, and economics.

Overall, ISI stands as a premier institute for fields especially related to stats, math, and economics with a 100% placement ratio.