Freshers WisdomFreshers Wisdom
  • Latest Government Jobs
  • Sarkari Naukri
  • Private Jobs
  • Full Forms
  • Current Affairs
  • Interview
  • Public Holidays
  • Admit Cards
  • Results
Facebook Twitter Instagram Pinterest Tumblr
Thursday, June 8
Freshers WisdomFreshers Wisdom
Facebook Twitter Instagram Pinterest Tumblr
Join Telegram
  • Latest Government Jobs
  • Sarkari Naukri
  • Private Jobs
  • Full Forms
  • Current Affairs
  • Interview
  • Public Holidays
  • Admit Cards
  • Results
Freshers WisdomFreshers Wisdom
Advertisements

Exclusive: IITs attract 9000 jobs in first phase of campus hiring, over 160 get Rs.1 crore plus annual salary

Freshers WisdomBy Freshers WisdomDecember 26, 2021
Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit WhatsApp
Advertisements

IITs attract 9000 jobs in first phase of campus hiring: The pay hikes offered at the older campuses of IIT this year have been in the range of 15% to 35% amid a fierce corporate battle for top technology talent.

Advertisements
IITs attract 9000 jobs in first phase of campus hiring
IITs attract 9000 jobs in first phase of campus hiring

IITs attract 9000 jobs in first phase of campus hiring

IITs attract 9000 jobs in first phase of campus hiring

India’s top eight Indian Institutes of Technology (IITs) have attracted almost 9,000 jobs for their students, including around 160 offers with an annual salary of Rs. 1 crore each, in the first phase of the placement season.

The average salary hike at the older campuses this year has been in the range of 15% to 35% so far, making it one of the most successful years of campus placement for the elite engineering schools.

Companies vied to hire IIT students with attractive packages amid a fierce corporate battle for top tech talent.

To be sure, IIT placements are not a barometer of the broader labour market, which is quite complex and layered. Even so, it indicates the hiring appetite of recruiters for key talent to fill specialised roles.

IITs attract 9000 jobs in first phase of campus hiring

“This year, IIT-Madras students have received 27 Rs. 1 crore+ offers,” said C. S. Shankar Ram, advisor (training & placement), IIT-Madras.

“The institute did not have any (Rs. 1 crore + salary offers) last year. And this includes both domestic and international offers,” Shankar Ram, also a professor at IIT-Madras, said in an email response on December 23 to queries from Moneycontrol.

IIT-Madras students received some 1,327 offers in the first phase of the placement season this year compared with 1,017 last year, indicating the high demand from recruiters for tech talent. As of now, at least 77% of the students seeking placements have received job offers.

Other campus placements (IITs attract 9000 jobs in first phase of campus hiring)

At IIT-Kanpur, over 1,330 offers have been made in the first phase and the average compensation leapt almost 35%. IIT- Kanpur is compiling granular detail and may release a formal statement in the next week or so, a placement coordinator said.

At IIT-Roorkee, 1,243 offers were received in the first phase of the placement season, including 32 international jobs. Some 281 companies participated in the first phase and recruited over 80% of the students seeking placement in this hiring season, according to a spokesperson for IIT-Roorkee.

Similarly, at IIT-Kharagpur, over 1,600 jobs were offered to its students. IIT-Delhi students received 1,250 offers. At IIT-Bombay, a record 1,382 offers were accepted in the first phase, Moneycontrol reported earlier this week.

IIT-Guwahati, where the first phase of placements is still underway, said 843 students had got job offers so far and more were in the pipeline.

Advertisements

“The phase-1 placement is still going on. So far, a total of 843 students of IIT-G have been placed. Last year by this time, a total of 610 students were placed,” said Abhishek Kumar, head of the Centre for Career Development at IIT-Guwahati.

Likewise, at IIT (Banaras Hindu University), Varanasi, over 1,100 offers were made including pre-placement ones.

“We are far ahead of recruitment this year as compared to the recent past. The companies are keen to hire more and technology firms are making good offers,” said a placement coordinator at IIT (BHU), Varanasi.

Rs. 1 crore club (IITs attract 9000 jobs in first phase of campus hiring)

The Rs. 1 crore salary club of IIT graduates seems to be getting bigger and bigger. By the end of December 22, at least 160 students from various older IITs had attracted Rs. 1 crore annual salary offers from both domestic and international recruiters.

While IIT-Madras said 27 such offers were made, at IIT- Kanpur, the number was 49. Students of IIT-Delhi, which did not officially divulge salary packages, have bagged at least 30 such offers, according to people familiar with the development.

IIT-Delhi’s placement cell declined to confirm or comment on high-value salary numbers, but said: “The response has been very good, and as a principle we won’t comment on this”.

The overall average compensation at IIT-Delhi has jumped over 20% compared to a year ago.
At IIT-Roorkee, at least 11 students have attracted over Rs. 1 crore offers and at IIT-Guwahati, this number so far is five. And at IIT (BHU), Varanasi, two received the magic figure. The number is over 20 at IIT-Kharagpur, and 12 at IIT- Bombay.

These packages need to be seen in context because they typically include employee stock options, bonuses, variable pay, cost of living allowances, and other add-ons beyond the take-home salary.​

@IITs attract 9000 jobs in first phase of campus hiring

#IITs attract 9000 jobs in first phase of campus hiring

Important Link :-

  • Join Telegram Group: Click Here
  • Latest Government Job Notification
Advertisements
Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email Reddit

Related Posts

IUST Kashmir recruitment 2023: Apply for 21 vacancies of Assistant Professors

January 15, 2023By Freshers Wisdom

Indian Coast Guard Recruitment 2023 – Apply Online for 71 Asst Commandant 01/2024 Posts

January 15, 2023By Freshers Wisdom

UP Panchayat Vacancy 2023: Apply For 3544 Posts At Panchayatiraj.Up.Nic.In Notification Read Here

January 14, 2023By Freshers Wisdom

Assam Forest Recruitment 2023- Forest Guard, Driver, Cook, Forester form Etc.

January 14, 2023By Freshers Wisdom

CRPF Head Constable Recruitment 2023- (1458 Posts) Notification Pdf, Apply Online, Last Date

January 14, 2023By Freshers Wisdom

CISF Driver Recruitment 2023 Notification Released for 451 Posts Apply Online

January 14, 2023By Freshers Wisdom

Leave A Reply Cancel Reply

Stay Connected
  • Facebook 10.1K
  • Twitter 1.7K
  • Pinterest 1.9K
  • Instagram 5.4K
Latest Posts

Yantra India Limited Recruitment 2023 Notification Out for 5450 Trade Apprentice Posts

January 9, 2023

IOCL Apprentice Jobs Notification 2022 – Apply for 1535 Posts, Eligibility Criteria

September 24, 2022

SECL Recruitment 2022 – Apply For 130 Senior Medical Executive Posts, Eligibility Criteria

September 21, 2022

IGIMS Recruitment 2022 – Apply For 70 Junior Resident Posts |Apply Online | Notification

September 15, 2022

TSPSC Extension Officer Jobs 2022 – Apply For 181 Posts, Last Date 29th September 2022

September 8, 2022
- Advertisement -
Current Affairs

Top Current Affairs 11th December 2021 at Freshers Wisdom

December 11, 2021

Top Current Affairs 9th December 2021 at Freshers Wisdom

December 9, 2021

Top Current Affairs 8th December 2021 at Freshers Wisdom

December 8, 2021

Top Current Affairs 7th December 2021 at Freshers Wisdom

December 7, 2021

Top Current Affairs 6th December 2021 at Freshers Wisdom

December 6, 2021
- Advertisement -

Job Categories

  • Central Govt Jobs
  • State Govt Jobs
  • Private Jobs
  • Engineering Jobs
  • Bank Jobs
  • Railway Jobs
  • Nursing Jobs
  • Teaching Jobs
  • Defence Jobs
  • State Police Jobs
  • Court Jobs
  • SSC Jobs
  • UPSC Jobs
  • State PSCs
  • Maharatna PSUs
  • Mini Ratna
Copyright © Freshers Wisdom - 2023
  • About
  • Privacy Policy
  • Disclaimers
  • Contact

Type above and press Enter to search. Press Esc to cancel.