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IIT placements 2023 begins. Will Global recession impact?

Team CampusutraBy Updated:2 Comments2 Mins Read
IIT Guwahati
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IIT placements 2023: Placement season starts at the different Indian Institute of Technology (IIT) from Dec 1, 2022, with a host of consulting companies, investment bankers, core engineering firms scooping in for their picks as the clock strikes at midnight.

NIT B Tech Placement 2023 is at a new high. Average Salary Jump

Placement teams across IITs have cautioned , some of the top international and domestic offers may see a marginal dip in compensation owing to the global recession. Unlike the B-school placements, the IIT recruitment season will not be in cohorts and a mix of core engineering firms, investment banks, PE firms, high frequency trading companies can make their selection at the same time.

IIT Kanpur Placements 2023 : 273 students got jobs

According to the placement teams at the IITs, Google, Microsoft, Flipkart, Accenture, Quadeye, Quantbox will be on the recruitment drive in the early slots of the first day of placements.

NIT Placement 2023. 5 B Tech students received 80 LPA Salary

IIT Mandi Placement 2023. 69 PPOs received

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.

B Tech Placement 2023 Update : 44% Increase in PPOs at IIT Madras

“We have already made 6-7 offers through PPOs (pre-placement offers), we may hire another 6-10 students during final placements…There may even be a Singapore posting where the CTC (cost to company) will be higher, but the focus is to build the team in India,” its Managing Director Prashant Singh told ET. As per report from Business Stand & Live mint.

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B Tech Placement 2023: IITs, NITs, VIT, Chandigarh Univ & more.

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