PLACEMENT PACKAGE
IIT graduates feel pay pinch as top offers dry up
Compensation for graduates from top 10 engineering institutes, of which eight are IITs, as ranked by the National Institutional Ranking Framework has declined marginally for the class of 2024, according to Deloitte campus workforce trends 2024 study.
NIT Mizoram achieves impressive placement record for 2023-2024 academic session with 86.7% overall placement
NIT Mizoram posted an 86.7% placement rate for 2023-2024, with the highest salary package at 14.5 LPA and an average over 7 LPA. Over 75 companies, including Adobe, Deloitte, Vedanta, and Mahindra & Mahindra, recruited students. Among the students, Shristi Sharma and Nishant Nitin Mishra, who secured four job offers, praised the Training and Placement Office. Internships, part of the curriculum, involved 100% student participation with organizations like SAIL, Indian Railways, and Google, offering stipends between ₹5,000 to ₹20,000 per month.
TISS Mumbai sees mean CTC of Rs 26.31 lakh during final placements
The Tata Institute of Social Sciences (TISS) in Mumbai has concluded final placements for its 2022-24 HRM & LR batch. The mean CTC was Rs 26.31 lakh, and the median CTC was Rs 25.28 lakh, with the highest at Rs 49 lakh. The top 10% and top 25% averaged Rs 39 lakh and Rs 35.26 lakh respectively. Despite the challenging year, 66 of 78 students received packages of Rs 20 lakh or more
IIM Shillong placements recorded highest CTC of Rs 71.50 lakh
IIM Shillong's 2022-24 batch achieved a highest CTC of Rs 71.50 lakh per annum, with significant improvements in placements across various domains. The institute's focus on excellence and quality education reflects in the lucrative job offers received.
Economy is on strong footing then why such low salaries for IITians?
With companies scaling back on hiring and offering lower salary packages, IIT students at the tail-end – those that haven’t been placed yet – are being offered annual packages below Rs 10L
High-paying IIT jobs a myth? Top grads settle for as low as Rs 6 lakh as placements dry up
Despite the usual hype surrounding the Indian Institutes of Technology (IITs) placement season, this year has presented significant challenges for graduates seeking high-paying jobs. The global economic slowdown has caused companies to reduce hiring numbers and offer lower salary packages, impacting students at prestigious institutes like IIT Indore, IIT Bombay, IIT-Kharagpur, and IIT Delhi.
Apple users hit by spyware attack; placement blues at IITs
iPhone maker Apple has warned its users in India and 91 other countries that they were possible victims of a “mercenary spyware attack”. This and more in today’s ETtech Top 5.
IITs strive to beat placement winter blues
The schools are going all out to get more recruiters to campuses. The placement season ends in May-June for the IITs. Two of the top schools - IIT Bombay and IIT Delhi - have provided official placement data to ET. At IIT Bombay, the top choice for those who clear the entrance exam process, 33% of the 1,973 students participating in placements were yet to get jobs as of April 4. The older IITs are typically regarded by candidates as the most desirable. Apart from the eight older ones, India has 15 other IITs set up since 2008. IT-BHU became IIT-BHU (Varanasi) in 2012 by an act of Parliament.
Momo seller offers Rs 25,000 salary for helper, social media users say it's paying better than TCS
Securing a job fresh out of college can be a daunting task for many. Often, the reality of entry-level pay hits hard, leaving individuals seeking opportunities that align with their financial needs. However, amidst the challenges, a unique employment offer has surfaced, catching the attention of job seekers across social media platforms.
Lack of mass hiring by Amazon and other big cos adds to the woes of IITD students amid 30% drop in job offers
IIT Delhi's 2024 placement season faced challenges as students struggled to secure roles despite approaching numerous recruiters. The demand for specialized skills and absence of top firms added to the pressure, reflecting the tough job market conditions.
Many IIT students grapple with tough job market of 2024: From pay package woes to placement challenges
After failing to secure a job during the recent placement season, an undergraduate from Indian Institute of Technology Delhi turned to LinkedIn in hopes of finding employment but faced continued disappointment. Describing the 2024 placement season as lackluster, he emphasized the pressure felt by students. At IIT Delhi, placements occur in three phases,
SCMS Pune places 96.96% students for academic year 2023-24
The placements encompassed diverse industries, ranging from business processing outsourcing leaders like Accenture to banks such as ICICI Bank, said the statement.
IIT degree doesn't guarantee crores: IIT-Roorkee alumni and IFS officer gives a reality check, busts placement myths
The reality of IIT placements, revealed by IFS officer Gaurav Garg, showcases a wide salary range from ₹6-35 lakh, with CSE and ECE graduates receiving higher offers. Global companies like Google and Facebook offer crores, but salary packages can be complex, often resulting in lower in-hand pay. IIT Bombay struggled this year, with 36% of students failing to secure jobs, reflecting challenges in a volatile economic climate.
Fat packages for tech interns; Google's search for data centre land
At IIT Mandi, 27 students have received stipends of Rs 1 lakh or more this year. In Bengaluru, RV College of Engineering has seen 39 students getting over Rs 1 lakh in monthly stipends compared to 8 last year. Around 30 students at Vellore Institute of Technology have also bagged Rs 1-lakh stipends, with companies like Couchbase and Amazon offering Rs 1.2 lakh and Rs 1.1 lakh, respectively.
IIT-Bombay placement: 22 students, not 85 get crore-plus package, IIT clarifies
The Indian Institute of Technology-Bombay (IIT-B) has issued a correction regarding the data on crore-plus offers in its placement office's earlier press note. In the first phase of placements, 22 students have secured annual pay packages of Rs 1 crore or more, with three being domestic and 19 international.
IIT Bombay’s Class of 2024 bags 1,340 offers in the first phase of placement
Students bagging offers for research and development got the highest average package of Rs 36.94 lakh per annum, followed by finance (Rs 32.38 lakh), IT/software (Rs 26.35 lakh), IIT Bombay said.
Class of 2024: The job roles that promise big paydays for freshers next year
Having an idea about pay packages can help students decide on the kind of money they would get to live on if they pick up certain jobs. It can also help them decide if they can afford to relocate to another city, and plan how to live away from parents on such salaries.
IIT placements dip 15% in phase 1, but pay unchanged amid slump
The median CTC in FY24 stands at ₹20 lakh versus ₹22 lakh in FY23 and ₹19 lakh in FY22, as per an analysis of placement data from IITs by Careernet. The highest overseas package offered this year was ₹3 crore, up from ₹2 crore in the previous year. The analysis is based on the salary packages offered in the first one week of the current placement season across 22 IITs.
Despite market slump, IITs maintain compensation packages; brace for uncertainty in next round of placements
Compensation packages at India's leading Institutes of Technology (IITs) remain at the same level as the previous two years, but they are anxious about fewer placements in the next round, according to an analysis by Careernet. The median CTC in FY24 stands at Rs 20 lakh, compared to Rs 22 lakh in FY23 and Rs 19 lakh in FY22. The highest overseas package offered this year was Rs 3 crore, up from Rs 2 crore in the previous year.
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