The first phase of the IIT placement season ended recently with over 160 students bagging packages of at least Rs 160 crore.
The first phase of the IIT placement season ended recently with over 160 students bagging packages of at least Rs 160 crore.
New Delhi,UPDATED: Dec 26, 2021 16:51 IST
The IITs ended the first phase of their placement season last week and over 160 students have bagged job offers of at least Rs 1 crore each. The battle for top tech talent continued and as the Covid-19 pandemic was showing signs of easing, the 2021 IIT placements ended up being one of the most successful ever.
The top eight IITs in India saw more than 9000 job offers and the average salary, especially at the older IIT campuses, saw a hike of around 15% to 35%. This translated to many more IIT students seeing packages of Rs 1 crore than ever before.
Rs 1 crore packages offered at IIT placements 2021
Here are the number of Rs 1 crore packages received by the IIT students in the top eight IITs this year:
- IIT Madras: 27 out of 1327 total job offers
- IIT Delhi: 30 out of 1250 total job offers (highest-ever number of job offers recorded in Phase 1)
- IIT Bombay: 12 out of 1382 total job offers (highest-ever number of job offers recorded in Phase 1)
- IIT Roorkee: 11 out of 1243 total job offers (highest-ever number of job offers recorded in Phase 1)
- IIT Kanpur: 49 out of 1330 total job offers
- IIT Guwahati: 5 out of 843 total job offers
- IIT Kharagpur: 20 out of 1600 total job offers
- IIT BHU (Varanasi): 2 out of 1100 total job offers
It is good to note however that these high salary packages also include variables such as various bonuses, add-ons, living allowances, variable pay and even employee stock options.
Who are recruiting IIT students?
The massive boost in digitisation over the recent couple of years due to the pandemic is one of the major reasons that the tech sector hiring is seeing an uptick.
The total number of job offers received in the top IITs have gone up compared to even the pre-pandemic times.
Recruiters came primarily from core engineering sectors, followed by the IT sector, analytics and consulting.
New-age domains such as AI, big data, machine learning, robotics, cloud computing, design development for high-volume manufacturing are making their presence felt among the recruiters too.
The average salary witnessed in the IIT placements was around Rs 25 to 28 lakhs.
Read: IIT Delhi students receive record number of job offers up in placement drive 2021
Read: IIT Guwahati, IIT Madras and IIT Roorkee record significant placements on first day
Published On:
Dec 26, 2021
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FAQs
Listen to This Article. In phase-I of placements held at the Indian Institute of Technology, Bombay (IIT B), 22 students secured salary packages worth over Rs 1 crore, according to a report by The Indian Express (IE).
How many students get 1 crore package in IIT Madras? ›
Almost 25 students received packages above INR 1 crore per annum. Out of 1,722 registered students, 15 candidates got international offers. Top recruiters include Microsoft, Goldman Sachs, and McKinsey & Company. Some of the key highlights for the IIT Madras placement drive are shown below.
What is the 1 crore package in India IIT? ›
Highlighting the international scope of placements, 63 students received job offers from countries like Japan, Taiwan, South Korea, Netherlands, Singapore and Hong Kong. On the domestic front, a notable number of 85 students secured packages exceeding ₹1 crore annually.
How many students get 1 crore package in IIT Roorkee? ›
IIT-R has received a total of 653 offers, 14 of them being international, from 77 companies till the second day of the placement drive. Three students of the institute bagged domestic salary packages ranging between Rs 1.3 crore and Rs 1.8 crore. Eleven students bagged an annual salary package of Rs 1 crore and above.
Who is the IIT Bombay Girl 2 crore package? ›
JAIPUR: IIT-Bombay student Aastha Agarwal's Facebook job offer with Rs two crore package is perhaps the highest offered to an undergrad. The 20-year-old Jaipur girl is a third-year computer science student. Her family has been celebrating ever since she broke the news.
Is it 100% placement in IIT Bombay? ›
Further, the average package offered during IIT Bombay placements 2023 stood at INR 21.82 LPA. In addition, the overall placement rate recorded during IIT Bombay placements 2023 was 82%. Moreover, a total of 384 companies participated and 1,788 offers were made during IIT Bombay placements 2023.
What is the lowest package in IIT? ›
IIT Madras Placement Report 2023: Highlights
| Particulars | Placement Statistics (2022) | Placement Statistics (2023) |
|---|
| Highest package | INR 2.14 crore per annum | INR 1.31 crore per annum |
| Lowest package | INR 3 LPA | INR 5.40 LPA |
| Offers above INR 30 LPA | 203 | 172 |
| Offers between INR 25 LPA - INR 30 LPA | 75 | 48 |
9 more rowsThe highest package of IIT stood at INR 2.68 CPA in the 2023-24 academic year while the average package ranges from INR 20-50 LPA.
Who got 4 crore package in India? ›
At least three students from IITs of Delhi, Kanpur and Bombay have reportedly received an annual package of over Rs 4 crore, according to a report by the Economic Times (ET). Twenty-five students in IIT Madras bagged an annual package of over Rs 1 crore.
As of December 31, 2023, over 2.16 lakh individuals in India earned above ₹1 crore annually. The number of such earners has increased, with robust personal income tax collections growing at 27.6% year-on-year.
Who got 1.5 crore package? ›
Raipur: In a historic achievement for International Institute of Information Technology (IIIT) Naya Raipur, Yathin Prakash Kethepalli, a final-year BTech computer science and engineering student, has joined a Netherlands-based start-up as a founding team member, with a record-breaking package of over Rs 1.5 crore.
Who is the highest paid Iitian? ›
The billionaire IIT graduate we are talking about is Sundar Pichai, CEO of Alphabet, Google's parent company. Sundar Pichai's compensation for 2022 was a whopping 226 million dollars.
How many students get 1 crore package in IIT Kharagpur? ›
According to media reports, a total of 700 placement offers were made on the first day of placements 2023-24. Further, more than 19 international offers were received by students. Importantly, 6 offers with a package of more than INR 1 crore per annum were offered during IIT Kharagpur placements 2024.
How many students get 1 crore package in IIT Guwahati? ›
11 IIT Guwahati students offered Rs 1 crore package in placements.
What is the highest package student in IIT Bombay? ›
Based on phase 1 IIT Bombay 2024 placements, the average salary package stood at Rs 24.20 LPA. 2. What is the highest salary package offered for IIT Bombay students in 2024? IIT Bombay graduates have been offered as high as Rs 1.68 Cr per annum for domestic offices and Rs 3.67 Cr for international offices.
What is the highest package in IIT Bombay history? ›
5 Crores+ 💰 | IIT Placement Series | Quant Trading (HFTs)
What is the 2 crore package for IIT Bombay? ›
As per the report, a student of the IIT, Roorkee, has received a job with an international tech firm offering him ₹2.15 crore per annum. Meanwhile, an IIT Bombay student has been offered a package of USD 2.74 lakh per annum (roughly around ₹2.05 crore) by Uber.
