Education

In Placement Drives, IIT Students get Over Rs 1 crore in Packages, The Top Offer is Rs 2.15 Crore on day one

Officials said on Thursday that placement drives at various Indian Institutes of Technology (IITs) began on a high note, with multiple students receiving packages worth more than Rs 1 crore and the institutions performing better overall than in the pre-COVID years.

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Officials said on Thursday that placement drives at various Indian Institutes of Technology (IITs) began on a high note, with multiple students receiving packages worth more than Rs 1 crore and the institutions performing better overall than in the pre-COVID years.

At least 60 candidates at IIT Delhi were offered packages worth more than Rs 1 crore. An international tech firm offered an IIT Roorkee student a Rs 2.15 crore annual package.

Similarly, Uber offered USD 2.74 lakh per year (roughly Rs 2.05 crore) to an IIT Bombay student, while an IIT Guwahati student was offered Rs 2 crore per year.

IIT Students get Over Rs 1 crore in Packages news
IIT Students get Over Rs 1 crore in Packages news

Five students from IIT (BHU) Varanasi have been hired by Uber, one of the most well-known companies in the United States. One student was offered a job in the firm’s US office, while another was offered a package worth Rs 2 crore.

IIT BHU students received 232 offer letters from 55 companies, with an average annual package of Rs 32.89 lakh and a minimum of Rs 12 lakh.

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

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“By the end of the first day of the placement season on December 1, IIT Delhi students had received over 400 placement offers, including the highest pre-placement offers in five years. Many students also received multiple job offers “Madan remarked.

While IIT Madras received 43% more offers on the first day this year than the previous year, IIT Mandi reported a 16% increase in average salary packages.

On Day 1, 34 companies made a total of 176 offers at IIT Madras, the institute claimed, the highest number of offers ever on the first day. Eleven of the school’s students have received international offers.

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“IIT BHU students are sought after by domestic and international companies as technically sound, innovative, team players, and candidates with a well-rounded personality. Top firms have offered the best pay packages to our graduates for many years, and this year is no exception. It’s an incredible honour to know that companies of this calibre are spotting talent on our campus and entrusting them with carrying the torch forward “IIT (BHU) Varanasi Director Pramod Kumar Jain said.

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