IIT students bag over Rs One crore packages in placement drives. Rs 2.15 crore top offer on Day 1

At least 3 students from the IIT bag Rs.2-crore plus packages as placement season starts with a bang

At least 3 students from the IIT bag Rs.2-crore plus packages as placement season starts with a bang
At least 3 students from the IIT bag Rs.2-crore plus packages as placement season starts with a bang

IIT placement drives: Students getting more jobs & higher pay packages

Placement drives at various Indian Institutes of Technology (IITs) back again with high offers from multi-national companies to bright students. Multiple students bagging annual packages of over Rs.1 crore and the institutions witnessing a higher overall performance than pre-Covid years. At IIT Delhi, at least 60 candidates received packages upwards of Rs.1 crore. A student of IIT Roorkee secured an annual package of Rs.2.15 crore from a multinational tech firm.

A student of IIT Bombay was offered USD 2.74 lakh per annum (roughly around Rs.2.05 crore) by Uber while an IIT Guwahati student was offered a package of Rs.2 crore per annum. Five students of IIT (BHU) Varanasi secured jobs at Uber, one of the US’ top firms. Of the five, one student received an offer to work in the firm’s US office while another secured a package of Rs.2 crore. A total of 55 companies handed 232 offer letters to IIT BHU students with an average package of Rs.32.89 lakh per annum and a minimum of Rs.12 lakh.

“There has been over 45 percent increase in the number of offers received by the campus and over 35 percent increase in the indicative compensation offered by companies visiting on December 1, 2021, in comparison to last year,” Anishya Obhrai Madan, head of Office of Career Services, IIT Delhi, said.

“IIT Delhi students bagged over 400 placement offers, including its highest pre-placement offers in five years, by the end of the first day of the placement season on December 1. Many students also bagged multiple placement offers,” Madan said. While IIT Madras said it received 43 percent more offers on the first day than last year, IIT Mandi reported a 16 percent rise in the average salary packages.

At IIT Madras, a total of 176 offers were made by 34 companies on Day 1, its highest ever on the first day, the institute claimed. As many as 11 of its students received international offers. “Domestic and global firms find IIT BHU students technically sound, innovative, team players, and candidates with a well-rounded personality. For many years, top firms have offered the best pay packages to our graduates and this year is no different. It is a sheer privilege to know that companies of such stature are identifying the talent at our campus and trusting them to take the baton forward,” Pramod Kumar Jain, Director IIT (BHU) Varanasi, said.

[with PTI inputs]

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