IITs record increase in placements, packages

Published on Dec 03, 2021 12:51 AM IST

While the IIT-Delhi recorded a 45% jump in the number of jobs being offered to students on the first day, IIT-Madras witnessed a jump of 43% as compared to last year, officials said.

According to the IITs, the placement session was conducted virtually like last year because of the Covid-19 pandemic. (Representative use)
According to the IITs, the placement session was conducted virtually like last year because of the Covid-19 pandemic. (Representative use)
By, New Delhi

Placement session across the Indian Institutes of Technology (IITs) witnessed institutes recording a significant increase in the number of jobs being offered with higher packages compared to last year. The session began on Wednesday.

While the IIT-Delhi recorded a 45% jump in the number of jobs being offered to students on the first day, IIT-Madras witnessed a jump of 43% as compared to last year, officials said.

At IIT Delhi, at least 60 offers of above 1 crore packages were made on day one. Similarly, at IIT Roorkee, a student received an annual package of 2.15 crore by an international tech firm and at IIT-Banaras Hindu University (BHU), one student secured an annual package of 2 crores, officials said.

According to the IITs, the placement session was conducted virtually like last year because of the Covid-19 pandemic. The placement cycle in IITs spans from December to May. The first phase of the placement will conclude by mid-December.

In a statement issued on Thursday, the IIT-Delhi said, “There has been over 45% increase in the number of offers received by the campus and over 35% increase in the indicative compensation offered by companies visiting on December 1, 2021, in comparison to last year.”

The Institute witnessed over 400 placement offers, including pre-placement offers (PPOs), on Wednesday. “Around 180 PPOs, highest in the last five years, have been received as of now,” the Institute said.

Similarly, IIT-Madras recorded 176 offers from 34 companies on day one. “This is higher than any of the preceding academic year and 43% more compared to the day one of last year when 123 offers were made by 22 companies,” the Institute said in a statement.

The institute said that apart from these 176 offers, 231 PPOs were also made to students, taking the total number of offers being received to 407 by the end of the first session on day one. The first phase of placement in IIT-Madras is expected to continue till December 10.

Similar trends were observed at other IITs. According to a statement issued by IIT-Mandi, the Institute witnessed a 13% rise in the average salary, a 16% rise in the median salary and a 9% rise in the maximum salary being offered to its students, as compared to last year.

At IIT-Roorkee, the highest domestic package last year was 80 lakh, which increased to 1.8 crores this year. The highest international package offered shot up to 2.15 crore per annum this year from 69.05 lakh.

Similarly, at IIT-Guwahati, 200 job offers were extended to its students, as compared to 158 offers made on the first day of last year’s session. At IIT-Banaras Hindu University (BHU), 232 students received offer letters from 55 companies with an average package of 32.89 lakh per annum and a minimum of 12 lakh.

Explaining the reason behind the significant jump in placements despite the pandemic situation, Vinay Sharma, in charge, IIT-Roorkee Placement and Internship Cell, said the institute had made a strategy for placement season to suit the pandemic situation.

“Pandemic has brought some directional changes in the placement scenario. We accordingly made our strategy for this placement season, wherein we tied up with the best of companies in sectors related to AI, software, networks, analytics, e-commerce, FMCG, quants, finance, manufacturing and others with a sincere focus on the core sector,” he said.

“We deeply analysed the economic growth across the globe and accordingly collaborated with established growing firms, based on forecasting done by our team. With all the above strategies, we were able to do exceedingly well in international as well as domestic offers,” he added.

Tushar Jain, advisor (career and placement cell) at IIT Mandi, said, “The pandemic has also changed the recruitment process entirely from in-person to virtual mode, which offered new ways and means of interacting to explore among the students and companies. Since students have undergone regular online classes and their exams, whether written or viva-voce, also went online, their performance was remarkable in this interaction. We may see the hybrid modus operandi of the recruitment process in the future.”

Get Latest India Newsalong with Latest Newsand Top Headlinesfrom India and around the world.
SHARE THIS ARTICLE ON
  • ABOUT THE AUTHOR

    Fareeha Iftikhar is a principal correspondent with the national political bureau of the Hindustan Times. She tracks the education ministry, and covers the beat at the national level for the newspaper. She also writes on issues related to gender, human rights and different policy matters.

SHARE
Story Saved
×
Saved Articles
Following
My Reads
My Offers
Sign out
New Delhi 0C
Sunday, December 04, 2022
Start 15 Days Free Trial Subscribe Now
Register Free and get Exciting Deals