A graduate student from SB wrote this:
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All have jobs.. All have internships... And u usually get a permit to work off-campus only after 1 yr.. Thats US laws.. and thats the time u get an intership...
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But as far as I know, Vmware is big employer for people in Systems.. Bloomberg comes for financials.. Google and Yahoo for algortihm ppl... Not sure of more.. maybe slowly i'll find out more...
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In systems, I've personally seen people goto vmware (those who take Zadok's OS class), only 1 to Google (a PhD student from IITKgp who dropped out with a Masters), and this was thru off campus btw. Package is between 85k-90k.
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Internship scene is very good, I've seen PhD people make it to Samsung, IBM Research (TJ Watson, Hawthorne, Almaden etc.) and it can't really get better than this. Financial interns are easy to get. So no worries on interns. Also, a lot of people do summer research in the dept. itself - by doing which, you tend to graduate sooner. 4 yrs rather than 5 yrs, for instance. This is at the cost of low paying summer research viz a viz high paying external internships
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You can see where alumni have gone:
Alumni of Experimental Computer Systems Lab
FSL Students