New Delhi: There have been fewer job offers for students at the Indian Institutes of Technology (IITs) in the country compared to previous years in the first phase of job placement offers, which concluded in December. Many IITs have not released the final data. It is expected that all students will receive job offers during the second phase of placements, which begins in January and concludes in December.
Below are the details available up to now:
• 1,050 job offers (including pre-placement)
• Around 1,000 students have secured employment
• Over 1,300 students had received job offers in the first phase placements last year
• 50% of the students have secured offers so far
• The average salary offered in the first season is Rs 19 lakh per annum
• There were 1,199 job offers from 380 companies last year
• There were 1,128 job offers in the first phase during the last academic year, while it is 989 this time.
• Job offers from foreign companies this year are 22, while it was 74 last year
• Although it was initially stated that 85 students had received placement offers with a yearly salary of over Rs 1 crore, later the institution corrected it to state that the offers were only made to 22 students.
• Placement offers for 83 students with yearly salaries ranging from Rs 6.5 lakh to Rs 41.68 lakh
Large pay packages not to be disclosed
It has been decided not to reveal the large financial packages offered to students during placements in IITs. The move is aimed at reducing the severe pressure on the students. The information that 85 students at IIT Bombay had received packages with over Rs 1 crore per annum was corrected in this context. The recommendation is to disclose only the job offers and the average salary package.