IIT students bag over ₹ 1 cr packages in placement drives

Placement drives at various Indian Institutes of Technology (IITs) kickstarted on a high note with multiple students bagging packages of over Rs 1 crore and the institutions witnessing a higher overall performance than preCovid years, officials said on Thursday.

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 by an international tech firm.

Similarly, 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.

As many as 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 per cent increase in the number of offers received by the campus and over 35 per cent 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 per cent more offers on the first day than last year, IIT Mandi reported a 16 per cent 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.