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IIT Placement Post Covid: Changes in CTC, Rise in job offers

IIT Placement
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The Pandemic has accelerated the digitization of several industries. According to experts, it is one of the most important reasons for hiring new talent, particularly in the technology industry. When compared to the previous year’s records, the Indian Institute of Technology (IIT) Placements 2021 saw a significant increase. The majority of the students have received offers from international companies worth INR 1.54 crores. In addition, packages offered by domestic companies have increased by approximately 80 lakhs for all top IITs such as IIT Bombay, IIT Madras, IIT Guwahati, and IIT Roorkee.

Despite the pandemic, IIT Kharagpur has the most placements available among India’s top academic institutes. IIT Kharagpur has received over 1100 placement offers, with the highest salary packages ranging from INR 2 to 2.40 CPA. IIT Bombay and IIT Guwahati are in 2nd and 3rd place with the highest salary package of INR 2.05 CPA.

Phase 1 of the recruitment drive in IIT Bombay ended in December 2021, according to the IIT Placements 2021 report, and phase 2 will end in February 2022. This year’s recruitment process saw a 40-45 % increase in the number of jobs offered when compared to 2020. The total number of offers received in 2021 reached 1723, a 42 % increase over 2020. When comparing the number of jobs available in 2019, there is a 26.5 % increase in 2021. An international company offered the highest package to a student at IIT Bombay, worth INR 2.05 CPA (USD 2.87 Lacs). Domestic packages at the institute stood at INR 1.68 CPA and were offered by top-recruiting firms such as Google, Microsoft, Qualcomm, and Texas Instruments. For the academic year 2020-21, the overall placement percentage for the BTech program at IIT Bombay was 92.13 %.

Phase 1 of the IIT Madras recruitment process concluded on December 10, 2021. 1316 students received job offers, including PPOs, out of 1500 registered candidates. In 2021, 73 percent of students received job offers, including 45 international offers, compared to 73 percent in 2020. A total of 222 companies made 123 job offers at IIT Madras, breaking previous records. The overall placement rate for the IIT Madras BTech program is 77%.

IIT Delhi’s graduating class received 1250 job offers, which is 45 percent more than the offers received in 2020. More than 22 students from IIT Delhi have received salary packages ranging from INR 0.9 to 2.4 CPA. This year, the average compensation offered on campus has increased by more than 20%.

IIT Roorkee received around 1243 offers including 32 international offers. The highest salary package offered at IIT Roorkee is INR 2.15 CPA by the international company. The highest package offered by domestic companies is INR 1.8 CPA.

Around 217 candidates were offered jobs at IIT BHU, with annual CTCs ranging from INR 11.5 LPA to INR 64.27 LPA. The annual CTC in 2020 ranged from INR 10 LPA to INR 58.21 LPA. Similarly, the highest CTC at IIT Guwahati was INR 2.05 CPA. The institute’s overall placement rate is 87.52 %.

IIT Placements 2021: Salary Package and Top recruiters

Name of the Institute Average CTC Highest CTC Top recruiters
IIT Bhubaneswar INR 16.27 LPA INR 56 LPA Honeywell

Amazon

Adobe

Goldman Sachs

Qualcomm

IIT Bhilai INR 11 LPA INR 31.9 LPA Axis Bank

Jaguar LandRover

Infosys

IIT Dhanbad INR 10 LPA INR 90 LPA TCS

Microsoft

Bosch

IIT Dharwad INR 11 LPA INR 25 LPA TCS

Infosys

Capgemini

IIT Goa INR 11.6 LPA INR 43 LPA KPMG

Texas Instrument

Bosch

IIT Guwahati INR 23.42 LPA INR 70 LPA Axis Bank

Reliance Ltd

HCL

IIT Hyderabad INR 15.41 LPA INR 60 LPA Accenture Japan

Microsoft

IIT Indore INR 22.92 LPA INR 65 LPA Infosys

Accenture

Amazon

IIT Jammu INR 12.2 LPA INR 40 LPA Optum

Chegg India

IIT Kanpur INR  20 LPA INR 82 LPA (Domestic)

INR 1.47 Crore Per Annum (International)

Infosys

Google Microsoft

IIT Madras INR 20.58 LPA INR 70 LPA Goldman Sachs

Microsoft

IIT Ropar INR 14.56 LPA INR 17.45 LPA Samsung Engineering

Microsoft

Amazon

IIT Palakkad INR 11.42 LPA INR 31.5 LPA Arista Network

TCS

Honeywell

IIT Patna INR 16.7 LPA INR 54.57 LPA Adobe

Goldman Sachs

IITs receiving 1 Crore salary package in 2021

In the placements drive 2021, a total of 8 IITs received INR 1 Crore salary package. The 1 CPA salary package is included in the overall job offers received by the institute. Below given is the exact number of offers received by each IIT with a salary package of 1 CPA:

  • IIT Madras: 27
  • IIT Delhi: 30
  • IIT Bombay: 12
  • IIT Roorkee: 11
  • IIT Kanpur: 49
  • IIT Guwahati: 5
  • IIT Kharagpur: 20
  • IIT BHU: 2

IIT Placement 2021: Percentage Change

There has been a drastic increase in the post covid placements for IITs. The table shows the exact percentage of increase for each IIT comparing the 2020 & 2021 highest CTCs:

Name of IITs Highest CTC in 2021 Highest CTC in 2020 Percentage change
IIT Roorkee INR 2.15 CPA INR 56 LPA 283%
IIT Bombay INR 2.05 CPA INR 64 LPA 220%
IIT Kharagpur INR 2.40 CPA INR 1 CPA 140%
IIT Delhi INR 2 CPA INR 1 CPA 100%
IIT Bhilai INR 31.9 LPA  INR 20 LPA 59.5%
IIT Guwahati INR 2.05 CPA INR 1.5 CPA 36.6%
IIT Varanasi (BHU) INR 2.05 CPA INR 1.53 CPA 33.98%
IIT BHU INR 2 CPA INR 1.52 CPA 31.5%
IIT Madras INR 88.82 LPA INR 70 LPA 26.88%

Information Technology, Engineering sectors, Analytics and Consulting sectors are the sectors from which maximum job offers came in 2021. The average salary package offered was above 25 to 28 lakh this year, especially in the Finance, IT, and R and D sectors. The top recruiters across the IITs are Microsoft, American Express, EXL Analytics, Uber, Google, Goldman Sachs, Rakuten Mobile, Reliance India Limited, among others.

With the end of the first stage of the placement process, most IITs have seen an increase in the number of jobs offers for graduating students in comparison to 2020. Thus, post covid placement in Indian Institutes of Technology (IITs) has seen a tremendous increase in the number of job offers and has recorded maximum salary packages.

 

Rinku Malik is a regular contributor at newmozi.com and gopostbox.com, Codeplayon.com. He is a digital marketer, passionate with his work, and likes to serve the services of SEO, WordPress website management, and Social media marketing.