Let’s take a data-driven dive into placement trends across some of the premier IITs over the past few years and see where things stand in 2024.
Setting the context : Media reports based on a RTI application filed by IIT Kanpur alumnus, stated that around 38 percent of students across 23 IITs remain unplaced so far this year. The report was published by the Times of India (TOI), later followed by HT and other leading media houses.
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“Over 7,000 IIT students are yet to be placed via campus this year across all the 23 IITs. Two years ago, this unplaced number was half at 3,400. While the number of students sitting in placements has gone up 1.2 times, the number of unplaced students has doubled to 2.3 times in two years,” the report quoted.
IIT Madras B Tech placements 2023
While the RTI data may have shed light on the number of unplaced students, this statistic naturally prompts the following question:
- How many seats were increased in each of these IITs last year ?
- Does it talk about UG students or overall students – PG and PhDs included ?
- How many seats were vacant this year ?
In 2022 we reported that the total number of seats offered at IITs were 16,598. This went up to 17385 in 2023 for IITs according to JOSAA. Which is around a 5% increase in seats. Current year data on the exact number of seats is not clear yet. However, the report in TOI says 21,500 students registered for placements.
Interestingly, over 10,000 seats across IITs remained vacant in 2020-22 years. And 8,700 were vacant in NITs.
- 5,296 seats vacant in 2021-22
- 5,484 seats vacant in 2020-21
Source : This was disclosed by Union Education Minister Dharmendra Pradhan in a written response to a question in Rajya Sabha.
B Tech Placement 2023 Update : 44% Increase in PPOs at IIT Madras
Looking at historical data, we see a clear trend of rising average salaries across most of the Indian Institutes of Technology (IITs). A glimpse into some figures from the past 3 years placement season:
IIT Madras Placement 2022: NIRF Ranking 2022 Ranked No 1 Colleges of India Indian Institute of Technology Madras (IIT M) saw a historic high in job offers during Phase I of Campus Placements for the Academic Year 2021-22. A total of 226 companies made 1,085 job offers during this phase
IIT Patna B Tech Placements 2022: Indian institute of Technology Patna (IIT Patna) students received 252 offers. The highest domestic package of INR 61.3 lakh per annum is offered to 9 students each from the firm Oracle, and highest international package offered is INR 47.9 lakh to three students from Accenture Japan.
NIT Placement 2023. 5 B Tech students received 80 LPA Salary
IIT Hyderabad B. Tech Placements 2022: The Indian Institute of Technology Hyderabad (IIIT H) received 466 offers, of which 34 were international, in phase I that concluded on Dec 7. The highest package offered was Rs 65 lakh.
IIT Hyderabad Placement: Highest package Offered Rs 63.7 LPA
IIT Roorkee final Placement 2022: Students at the Indian Institute of Technology Roorkee bagged 31 international offers. A total of 11 students received offers of INR 1 crore and above, while the highest domestic package at this IIT was at INR 1.8 crore. The highest international offer was INR 2.15 crore this year.
IIT Kharagpur B Tech Placements 2022: Indian Institute of Technology Kharagpur (IIT KGP) students received 1,600 job offers, the highest placement among all IITs. The highest offer was INR 2.4 crore. More than 400 Pre Placement offers (PPO).
Trends of few IITs for past 3 Years
The Crore Plus Club : The placement season of 2022-23 also witnessed a significant jump, with several IITs reporting students securing “crore-plus” packages (salary exceeding ₹1 crore per annum).
- IIT Kharagpur: Highest package – ₹2.68 Crore [Highest Package of IITs]
- IIT Bombay: 22 students bagged packages above ₹1 crore [IIT Placements 2023-24]
- IIT Delhi: 50 students received similar offers [IIT Delhi Placements 2022-23]
The trend line in the above graph clearly shows a dip but not that significant.
Indications for 2024 :
With the slow down in the market and many of the Tech / It / ITeS organizations freezing their recruitments for the current year, the placement scenario is undoubtedly not expected to be as smooth as the past few years.
However, the current placement season (2023-24) seems to be building on the previous year’s momentum. Here are some early indications:
- IIT Madras: The Indian Institute of Technology, Madras (IIT Madras, or IIT M) reported an increase of 19% in internship offers received on day one of campus internship drive for students of the 2023-24 batch. A total of 19 international internship offers were received from seven companies. The institute has reported a 17% increase in the number of students who secured an internship, and 51% increase in the number of companies that visited IIT Madras for internship. Any data on placement is yet to be released.
- IIT Delhi: Students at the Indian Institute of Technology, Delhi (IIT Delhi) received 480 job offers on the first day of the placement season for the academic year 2023-24. Microsoft, Goldman Sachs, and Texas Instruments were among the leading recruiters on the first day. Any data on placement is yet to be released.
- IIT Bombay: IIT Bombay released the Phase-I placements (Dec 1st to Dec 20th 2023) which was later “corrected”* as there were some errors. The corrected report said around 22 students received ‘1 cr plus’ offers. The average salary package during the time (Jan 2024) also witnessed a marginal increase from Rs 23.26 lakh in 2023 to Rs 24.02 lakh per annum in 2024.
IIT Bombay 2024 Facts :
- 22 students received package of 1 crore per annum
- Around 1,340 offers made
- 1,188 students got placed
- 297 PPOs via internships of which 258 were accepted
- 63 students received international offers
- 380+ companies participated in the Phase 1 placement drive
* The original report was withdrawn and a corrected report was released later by IIT Bombay stating some errors. The All IITs Placement Committee (AIPC) also released a corrigendum stating that no placement data shall be revealed before the completion of the final placements.
- IIT BHU : Institute of Technology Banaras Hindu University (IIT BHU), 1,044 students have received job offers during Dec ’23 – Jan’24. Of these, 11 students have received offer letters from international companies. Out of the 1,044 placements, 310 students have received offers under pre-placement.
- IIT Guwahati : The Indian Institute of Technology Guwahati (IIT G) Campus Placements for the 2023-24 academic year began on a robust note on Dec, 2023. A total of 164 offers were made by 59 companies during Day 1’s sessions.
- IIT Kanpur: This year’s Placement Season for Indian Institute Of Technology, Kanpur started quite remarkably with 485 job offers (including PPOs) getting extended to 428 students on Day 1 of Placement. Notably, 12 students received international jobs.
Looking Ahead : Considering the past data and the current trends above, it’s too early to say whether the IITs are “far from the glorified times”, or the placement season is going to be gloomy or whether the “crore-plus club” will add more members.
Dear students, you give your best shot and let the placement departments do their jobs.
