As per the recent report by older the Indian Institutes of Technology (IITs), more than half or over 4,000 graduates of these institutes have bagged jobs in the first week of the final placement.
Some of the IITs have stated that the hiring process this year has been smooth, while others said that they are being careful in placing their students due to the current economic and business uncertainties.
Most of the older IITs have stated that the salary packages this year are better than last year and companies from the field of technology, banking and financial services are offering promising packages.
Read: IIT Kanpur Placement 2020: MNC Offered INR 1.47 Crore Package to a Student; Read More
IITs Placement Highlights 2020-21: Students Placed
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IIT |
No. of Students Placed |
|
725 |
|
|
600 |
|
|
650 |
IITs Placement 2020-21: Remarks by Placement Incharge, Co-ordinator
“The placement process is going reasonably well, and more companies are registering even now to hire. The outlook is positive. We have placed some 725 students in the past few days, besides the 186 pre-placement offers our students received," said C.S. Shankar Ram, the professor in charge of placements at IIT Madras. Some 1,400 students are looking for placements this season at IIT Madras.
While Vinay Sharma, a professor and head of placements at IIT Roorkee stated that around 60% of students have been placed this season.
“It’s going reasonably well, and more companies are now registering with us even now, to hire our graduates," he further added.
Read: IIT Delhi Placements 2021: 150 PPOs and 300 Job Offers
Vinay also mentioned that students this year are being more cautious before accepting offers due to the economic environment. IIT Roorkee will place around 1,200 graduates this hiring season.
On another side, the placement head at IIT Delhi, Anishya Madan, aid more than half its graduates have already bagged offers—IIT-Delhi is doing fine, “better than what we expected". Madan said graduates are getting “a healthy mix of companies which is good for both the recruiters and the students".
IITs Placement 2020-21: Top Recruiters, Sectors
The reports by IITs displayed that among sectors, technology and banking and financial firms are lead recruiters.
Furthermore, the core engineering firms, too, are offering a number of jobs and better pay packages.
Google, Microsoft, Oracle and Axis Bank emerged as top recruiters at IIT Guwahati, ICICI Bank made 27 offers, Larsen and Toubro 22 and Microsoft 19 at IIT Madras.
Read: IIT Guwahati Placement 2021: Highest CTC: 70 LPA & 590 Offers
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