Placement is Getting Tougher in IITs

IITs Placement- IITs are the cream of institutions in India. As 2,50,000 students strive to enter the institutions for its quality education, But the placement season is not rosy for these institutions in the past year.

Recently the IIT Hyderabad could not find full placement for its students as 46 % of students could not get placements in Indian Institute of Technology (IIT) Hyderabad in the ongoing placement season 2023-24.

IIT Hyderabad is a premier institute established in 2008 and has been consistently ranked in the top 10 institutes in India for Engineering according to National Institutional Ranking Framework (NIRF) making it one of the most coveted schools for science and technology in the country.

With phase 2 of placement season underway, 451 students have so far secured job offers out of 843 registered as of May 3, 2024. The RTI was filed by Dheeraj Singh, founder of Global IIT Alumni Support Group.

According to the figure available more than 20 percent of students remained unplaced in the last two years of placement seasons.

In 2022-23, 585 students got placed out of 762 registered (23 percent unplaced). In 2021-22, 519 received job offers out of 666 registered (22 percent unplaced).

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IITs Kanpur, Madras and Delhi are also struggling with placements. Dheeraj Singh, an IIT Kanpur alumnus, compiled data on this year’s placement based on feedback from IIT Kanpur students and an RTI reply from IIT Delhi.

Though median salary has witnessed a consistent jump in the last three years.

So far the average salary of 2023-24 placement season is around Rs 23 lakh per annum (LPA) with median salary standing at Rs 20 LPA.

In 2022-23, the average salary was recorded around Rs 17 LPA and median salary of Rs 18 LPA. The year before that, the average salary was recorded Rs 22.55 LPA and median salary of Rs 15 LPA.

Why this trend of poor IITs Placement ?

Experts have attributed the downward trend in IIT placements to the global economic slowdown.

The official from IIT-Bombay’s placement cell told HT it was tough “to invite companies to the campus compared to last year due to the global economic meltdown”.

“Most companies were unable to accept salary packages pre-decided by the institute. It took many rounds of negotiations before they agreed to come over,” he said

The effect can be felt by IIMs too as the placement was not 100 per cent because of the global meltdown.

Placement figures of Some IITs in NIRF

IIT Madras NIRF Figure 0f 2023

IIT Delhi

IIT Bombay

IIT Hyderabad

IIT Roorkee

IIT Kanpur

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