Placements

Consulting firms led with the highest number of offers, followed by finance and FMCG firms

Inviting more firms for placements, tap into stronger, better-performing sectors

However, IT companies have also been strategic in the extent of hiring cuts that have varied from campus to campus

Industry analysts add companies hired in a big way in FY21. With a sudden global slowdown they will go slow and it is evident in the hiring targets for FY22

In its first iteration, the government was able to enrol two million candidates, but it could certify 1.5 million and place only 0.3 million

A combination of lower requirements and higher interest rates are said to have acted as a dampener

Average CTC of top-50% of students at Rs 24.15 lakh; a total of 77 companies recruited 208 students under campus placement programme

The highest domestic offer tops Rs 60 lakh, made by BFSI sector

Placement process concludes with a rise of 10% in highest international salary

Post-ISB salary up by 173% over pre-ISB salary

Final placement process to begin from February 8

Average package up 6% to Rs 25.01 lakh, all 572 candidates from two programmes placed

Highest domestic package is for Rs 1.68 crore per annum this year compared to Rs 64 lakhs per annum in 2020.

While most of the campuses are yet to wrap up the first phase of placements, which began on December 1, some of the older IITs have witnessed a significant jump in salary packages

Tech giant Microsoft made almost 60 offers while Rakuten Mobile, Japan, tops the list of international offers

Out of 773 students placed so far, 55 per cent are graduates and 45 per cent are undergraduates

The premier institute also saw a jump in international offers made in the first two days from a total of four offers last year to 28 this year

Average salary at IIT Mandi up 13%, Uber offers highest package of Rs 2 cr at IIT (BHU) Varanasi, while Roorkee bagged highest international CTC of Rs 2.15 cr in first session

At IIT Delhi, at least 60 candidates received packages upwards of Rs 1 crore

Over 20 firms participated in cluster 3, with InfoEdge in the IT Consulting and Analytics sector rolling out 5 offers