IIT Placement Report: This Year Indian Institute of Technology (IITs) Placement is new high. Over 130,1 crore-plus job packages. IIT Bombay students have received over 1500 job offers out of which 1224 were accepted. As per the data shared by the institute till Day 9 of the placement drive, 25 students have accepted job offers with CTC over Rs 1 Cr per annum.
The IITs that have received these offers include the Indian Institute of Technology Delhi [IIT D] (50-plus offers), Indian Institute of Technology Kanpur [IIT K] (33), Indian Institute of Technology, Bombay [IIT B] (25), Indian Institute of Technology Madras [IIT M] (25), Indian Institute of Technology Kharagpur [IIT KGP] (12), Indian Institute of Technology Guwahati [IIT G] (8), Indian Institute of Technology Varanasi [IIT BHU] (4), and an Indian Institute of Technology Roorkee (2).
In a year of big tech layoffs and looming global recession, the Class of 2023 across seven old Indian Institutes of Technology (IITs) has bagged at least 133 offers with pay packages of Rs 1 crore and above.
There has been some impact though: job offers with compensation of over Rs 1 crore have dropped at most IITs this year compared to last year when these campuses, as well as IIT Bombay, hit an all-time high record of crore-plus offers during final placements at about 185, as reported by ET earlier.
The IIT Bombay placement season started off with Phase 1 on December 1 and the first day saw 250 job offers and 300 pre-placement offers (PPOs). More than 300 companies are expected to participate in the entire placement drive.
Breakthrough performance of @IITKgp
1. Fastest 1000+ offers – Highest Placement offer on Day 1 among all IITs
2. 1 Cr package to more than 12 students
3. Benchmark of 1300+ Placement offers end of Day5
4. Highest package of 2.68 Cr on 1st day of #Placement2022 highest in IITs pic.twitter.com/LrImjtKD7w
— IIT Kharagpur🇮🇳 #StaySafe (@IITKgp) December 7, 2022
Of the 300 pre-placement offers, 194 have been accepted, while of the 250 job offers, more than 175 have been accepted.
On the first day, 46 companies interviewed the candidates either in-person or online. Some of the recruiting companies are Accenture Solutions, Airbus India, Microsoft India, Morgan Stanley, McKinsey, Procter and Gamble, Qualcomm, Shell India, Texas Instruments, and Tata Steel.