Record Breaking crore-plus packages in 7 IITs: Kanpur, Roorkee, Kharagpur, Bombay, Delhi, Guwahati and Varanasi this year, exceeds 80 so far.
IIT B. Tech Placement Report 2022: Placement season took off with a bang at the Indian Institutes of Technology (IITs) Wednesday, with many of them reporting higher pay packages and a rise in placements offered to students, as compared to last year.
Companies like Microsoft, Amazon, Accenture, Qualcomm, Boston Consulting Group, JP Morgan Chase & Co, McKinsey and Goldman Sachs have made offers this placement season, according to the IITs.
Like last year, most IITs have decided to conduct their placement process online this year as well owing to the pandemic. This phase of the placements is expected to go on till mid-December.
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While IIT-Madras said it had received 43% more offers on the first day than last year, IIT-Mandi reported a 16 per cent rise in the average salary packages offered to their students. Similar trends emerged from the IITs at Roorkee and Guwahati.
The data for IIT-Delhi could not be accessed immediately. This report will be updated when the information is available.
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IIT BHU B. Tech Placement Report: As placements kicked off at the IIT campuses for this year, a student of IIT (BHU) has received a job offer of whopping Rs 2 crore (USD 274,250) by Uber, a United States-based company. “On the first day of the placement in IIT (BHU) Varanasi, 5 students received an offer from US-based firm Uber.
IIT Bombay Placement Update: Three students from Indian Institute of Technology (IIT) have received job offers of ₹2 crore and above so far as placements begin at the IIT campuses for this year.
IIT Madras Placement Update: In a statement, IIT-Madras said the institute had received a record 176 offers from 34 companies in the first phase of the first day of placement, which is 43 per cent more compared to day one last year.
“This is higher than any of the preceding academic years. During the academic year of 2020-21, 123 offers were made by 22 companies at the end of the first day of session,” the statement said.
This academic year, of the 176 offers received on day one, 11 were from international firms. Apart from this, 231 pre-placement offers were also made to students, taking the total number of offers received so far to 407.
IIT-Mandi Placement Update: IIT-Mandi officials said they have seen a rise of 16% in the average salary packages offered to their students, and a 9 per cent hike in maximum salary offered, compared to last year.
“IIT-Mandi’s placement process started on a completely virtual mode with 166 offers from recruiters and 137 students placed till 1 Dec, 2021. Phase one of placements started mid-October and will go on till mid-December, in which 102 companies have participated (till date),” the institute said.
The institute received 51 pre-placement offers and seven international offers this year from companies including Accenture, Enjoy LLC, and Weather News, and some recruiters from Japan.
IIT-Roorkee: At IIT-Roorkee, the highest domestic package last year was Rs 80 lakh, which increased to Rs 1.8 crore this year. The highest international package offered has shot up to Rs 2.15 crore/year this year from Rs 69.05 lakh.
The institute said 11 of their students were hired at plum salaries of more than Rs 1 crore and 13 students received international placements on day one.
Professor Vinay Sharma, in-charge, IIT-Roorkee Placement and Internship Cell, said the institute had tweaked its strategy for placement season to suit the new market post-Covid.
IIT-Guwahati Placement Update : IIT Guwahati said that, in just the first half of day one, 200 job offers were extended to its students as compared to a total 158 offers made on the first day of last year’s session.
“Multiple domestic offers above Rs 1.1 crore and one international offer of Rs 2 crore were made at the end of session 1. The big recruiters of this year’s first day session include Uber, JP Morgan Chase, Schlumberger, Graviton, Microsoft, Apple, Google, Texas Instrument, Bajaj, Qualcomm, Goldman Sachs among others,” the institute said in a statement.
In addition, IIT-Guwahati students have already received 179 pre-placement offers this academic year, the highest in the last three years. Most of the offers were in the sectors of information technology/software, finance, and analyst and product profiles.