IIT placements 2023 begins. Will Global recession impact?

The average placement packages at the Indian Institutes of Technology (IITs) may see a dip in 2023. Owing to tech layoffs and concerns around the global recession, the final placements may not fetch the graduates packages as high as Rs 2 crore, like in 2022, a report by the Economic Times (ET) said.

The final placement season will kick off on December 1. Also, the highest packages for this year may come for domestic roles, unlike last year when international roles offered the highest salaries.

ET reported that trading firm Quantbox Research is most likely to offer the highest packages for domestic roles at IITs this year. It may offer packages as high as Rs 1.3 crore to Rs 1.9 crore. Its base salary is Rs 45 lakh and the candidates will have to work from Bengaluru. It is visiting IIT Bombay, Delhi, Kharagpur, Kanpur and Roorkee.

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