IIT Placements: 2 weeks on, 50% bag jobs | Economic Times

New Delhi | Kolkata: IITs continue to break the mould, even in a pandemic year. Just two weeks into the final placement drive, more than half of 10,000 graduates of seven top IITs already have job offers. These seven IITs are those of Delhi, Kanpur, Kharagpur, Guwahati, Madras, BHU, and Roorkee.ET spoke to all seven IITs about their individual placement numbers so far — and the total across all the institutes comes to 5,300. Top recruiters so far include Microsoft, Intel, Flipkart, Oracle, Vedanta, L&T and ICICI, say IIT placement cells. The number of offers received this year are close to last year’s numbers, and IITs say they expect an improvement in core sector firms’ offers in the second phase of placements. Placements will continue in virtual mode till April-May 2021. The war for tech talent across IITs is also leading to average salaries moving north. Average domestic salary at Roorkee has risen to Rs 20 lakh per annum (lpa) compared with Rs 18.63 lpa last year. The average salary is up at IIT Kharagpur, too, from Rs 15 lpa last year to Rs 18 lpa. At IIT BHU (Varanasi), average salary has gone up to Rs 18.85 lpa from Rs 16.86 lpa last year, said Anil Kumar Agrawal, professor in-charge, Training and Placement Cell. “Domestic (salary) packages this year are really good. Profiles in domains related to finance and technology are driving these packages,” said Anishya Obhrai Madan, head, Office of Career Services, IIT Delhi. The highest domestic salary at IIT Kanpur this year is Rs 82 lpa, compared with Rs 62 lpa last year.79807221First-time Recruiters“Considering the unprecedented times, the response superseded our expectations, particularly from software and core engineering industries,” said Kantesh Balani, chairman, Students' Placement Office, IIT Kanpur. The pandemic hasn’t even cut short the list of first-time IIT recruiters. At Roorkee, a total of 200 companies are participating, including 54 first timers, according to professor-in-charge, placement and internship, Vinay Sharma. At IIT Madras, a total of 263 companies have registered for placements, of which 53 are visiting for the first time.