The first phase of the IIT placement season ended recently with over 160 students bagging packages of at least Rs 160 crore.
The first phase of the IIT placement season ended recently with over 160 students bagging packages of at least Rs 160 crore.
New Delhi,UPDATED: Dec 26, 2021 16:51 IST
The IITs ended the first phase of their placement season last week and over 160 students have bagged job offers of at least Rs 1 crore each. The battle for top tech talent continued and as the Covid-19 pandemic was showing signs of easing, the 2021 IIT placements ended up being one of the most successful ever.
The top eight IITs in India saw more than 9000 job offers and the average salary, especially at the older IIT campuses, saw a hike of around 15% to 35%. This translated to many more IIT students seeing packages of Rs 1 crore than ever before.
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Rs 1 crore packages offered at IIT placements 2021
Here are the number of Rs 1 crore packages received by the IIT students in the top eight IITs this year:
- IIT Madras: 27 out of 1327 total job offers
- IIT Delhi: 30 out of 1250 total job offers (highest-ever number of job offers recorded in Phase 1)
- IIT Bombay: 12 out of 1382 total job offers (highest-ever number of job offers recorded in Phase 1)
- IIT Roorkee: 11 out of 1243 total job offers (highest-ever number of job offers recorded in Phase 1)
- IIT Kanpur: 49 out of 1330 total job offers
- IIT Guwahati: 5 out of 843 total job offers
- IIT Kharagpur: 20 out of 1600 total job offers
- IIT BHU (Varanasi): 2 out of 1100 total job offers
It is good to note however that these high salary packages also include variables such as various bonuses, add-ons, living allowances, variable pay and even employee stock options.
Who are recruiting IIT students?
The massive boost in digitisation over the recent couple of years due to the pandemic is one of the major reasons that the tech sector hiring is seeing an uptick.
The total number of job offers received in the top IITs have gone up compared to even the pre-pandemic times.
Recruiters came primarily from core engineering sectors, followed by the IT sector, analytics and consulting.
New-age domains such as AI, big data, machine learning, robotics, cloud computing, design development for high-volume manufacturing are making their presence felt among the recruiters too.
The average salary witnessed in the IIT placements was around Rs 25 to 28 lakhs.
Read: IIT Delhi students receive record number of job offers up in placement drive 2021
Read: IIT Guwahati, IIT Madras and IIT Roorkee record significant placements on first day
Published By:
Roshni
Published On:
Dec 26, 2021
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