Bumper Rs 1 crore pay for IIT students this year

December 02, 2022 16:45

The Indian Institutes of Technology (IIT) have recorded an increase in international offers for its students with several of them bagging packages exceeding Rs 1 crore per annum during the 2022 placement drive.

At IIT Madras, at least 25 students have bagged offers with pay packages over Rs 1 crore per annum.

The institute has also recorded the highest-ever pre-placement offers this year, which is nearly 10 per cent higher than last year's figure of 407.

"The return to an in-person mode of placements was well received by both students as well as recruiters. We hope the new hybrid arrangement will enhance the quality of student-employer interaction and result in higher placements," said TB Ramkamal, Student Academic Affairs Secretary at IIT Madras.

The top companies that offered the majority of the offers to IIT-Madras students include Texas Instruments (14 offers), Bajaj Auto Ltd and Chetak Tech Ltd (10 offers), Qualcomm (8 offers), J P Morgan Chase and Co (9 offers), Proctor and Gamble (7 offers), Morgan Stanley (6 offers), Graviton (6 offers), McKinsey & Company (5 offers) and Cohesity (5 offers).

IIT Guwahati, too, started its placement on Friday in which a total of 290 offers were made by 84 companies during day one at IIT Guwahati across Software Development Engineering, Data Science, Quant, Core Engineer, UX Designer, VLSI, Vehicle Engineering, Analyst, Product Designer job profiles, among others.

At least five students at IIT Guwahati have bagged offers of Rs 1 crore package and two international offers so far.

The main recruiters at IIT Guwahati include Microsoft, Texas Instruments, Google, Uber, Qualcomm, C-DOT, Enphase Energy, Oracle, Nutanix, Thoughtspot MTS-2, Squarepoint SDE/Quant, American Express, JP Morgan Chase, Bajaj, Rippling, Tibra, Cohesity, and Sprinklr Platform + Product, among others.

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