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Tag: IIT Campus News
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IIT Placements 2024: The Unveiling Reality: 38% of IIT Graduates Remain Unplaced in 2024
Every Indian engineer’s desire is frequently realized when they land a coveted spot at one of the esteemed Indian Institutes of Technology (IITs). For a large number of students, though, this hope has been dashed by recent revelations. Data from 23 campuses of IIT revealed through a Right to Information (RTI) request indicates that 38% of students there were unemployed in 2024. Only 13,410 of the 21,500 students who eagerly signed up for placements were able to land jobs, meaning that a depressing 8,090 people are still looking for work. This information not only calls into question the employability of graduates from these prestigious universities, but it also forces a closer look at the elements that lead to this unpleasant reality.
The Harsh Reality: Why Are 38% of IITians Unplaced?
Understanding the underlying variables that contribute to this alarming number is essential to the issue. Despite being recognized with academic distinction and technological prowess, a large portion of IIT graduates face a number of problems as they transition from university to career.
1. Industry Demand vs. Skill Mismatch:
While the demand for trained individuals grows across industries, there is a clear disparity between the abilities acquired by IIT graduates and the job market requirements. Employers frequently seek applicants that possess both technical proficiency and soft qualities such as communication, teamwork, and adaptability. Failure to achieve these standards can jeopardize even the smartest minds’ placement prospects.
2. Economic Flux and Market Trends:
The global economic landscape is dynamic, with fluctuations and uncertainties influencing recruiting trends. Economic downturns, sector disruptions, and variations in market demand can all have a substantial impact on employers’ hiring intentions, making it difficult for graduates to find work, regardless of the status of their alma mater.
3. Competition and Campus Recruitment Dynamics:
With a growing number of engineering graduates entering the market each year, competition for desirable career jobs heats up. Furthermore, the campus recruitment process is quite competitive, with corporations fighting for the top candidates. During placement season, students’ preferences are heavily influenced by factors such as firm reputation, job profiles, and wage packages.
Understanding the Numbers: Dissecting the Data
Delving further into the numbers reveals interesting insights into the distribution of placements among the IITs’ many divisions and campuses. Analyzing placement statistics at colleges like IIT Delhi might provide a better picture of the employment situation for engineering graduates.
Comparative Analysis: IIT Placements 2024 Branch-Wise sample table comparing the placement data for IITs in 2024 with the data from the previous year (2023).
IIT Batch Year Total Candidates Placed Candidates (2024) Placed Candidates (2023) Comparison IIT Bombay 2024 1000 950 930 +20 IIT Delhi 2024 950 920 900 +20 IIT Madras 2024 980 960 950 +10 IIT Kanpur 2024 920 890 880 +10 IIT Kharagpur 2024 1050 1030 1000 +30 IIT Roorkee 2024 900 870 850 +20 IIT Guwahati 2024 850 830 810 +20 IIT Hyderabad 2024 920 900 880 +20 IIT Gandhinagar 2024 800 780 760 +20 IIT Indore 2024 830 810 790 +20 IIT BHU 2024 880 860 840 +20 IIT Jodhpur 2024 750 730 710 +20 IIT Patna 2024 780 760 740 +20 IIT Bhubaneswar 2024 820 800 780 +20 IIT Mandi 2024 770 750 730 +20 IIT Varanasi 2024 790 770 750 +20 Note: that the data provided is hypothetical and for illustrative purposes only Navigating Towards Solutions: Empowering Graduates for Success
Addressing the issue of unplaced graduates necessitates a multidimensional approach that aims to bridge the gap between academics and industry while also providing students with the essential skills and knowledge to successfully navigate the competitive labor market.
1. Enhanced Industry-Academia Collaboration:
Closer collaboration between IITs and industries can help to better match curriculum with industry requirements, ensuring that graduates have applicable skills and knowledge. Internship programs, industry-sponsored initiatives, and guest lectures by industry experts can all help students get practical experience and insights into real-world problems.
2. Holistic Skill Development Initiatives:
In addition to technical proficiency, students must be encouraged to enhance their overall skills. Soft skills training, personality development workshops, and leadership programs can help students become more employable and competitive in the job market.
3. Diversification of Career Opportunities:
Encouraging students to pursue multiple career options in engineering and technology can widen their employment opportunities. Initiatives that encourage entrepreneurship, innovation, and interdisciplinary learning can help students explore alternative career paths and create their own possibilities.
Take Action: Stay Informed, Stay Ahead
In a constantly changing work market, remaining informed and proactive is critical for success. Subscribe to our newsletter to receive frequent information on job openings, career development suggestions, and relevant business news. Empower yourself with the knowledge and resources you need to navigate today’s challenging professional world and embark on a fulfilling career path.
Conclusion
The fact that 38% of IITians will remain unemployed in 2024 highlights the need for a concerted effort to solve the obstacles that graduating engineers experience in finding work. We can help the next generation of IIT graduates survive in the competitive global marketplace by fostering tighter collaboration between academia and industry, prioritizing holistic skill development, and encouraging diversification of career options.
Let us collaborate to establish a brighter future for India’s engineering talent while striving for quality and innovation.
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IIT Madras Placements 2023: Breaking Records and Shaping Futures
The Indian Institute of Technology (IIT) Madras has kickstarted its much-anticipated placement drive for the year 2023, and the numbers are nothing short of remarkable. With 1722 eager students registering for placements, the campus is abuzz with anticipation and excitement. On the very first day of the placement drive, 445 students have already secured coveted positions, and an impressive 407 pre-placement offers have been extended.
But that’s not all; 25 students have clinched salary packages exceeding INR 1 crore, and 15 international offers from four distinguished companies have added an international flavor to the mix. This year’s recruitment landscape features a diverse range of job roles, including Software Development Engineer, Data Science, Quant, Core Engineer, and more. With top-notch recruiters like Texas Instruments, Bajaj Auto Ltd, Chetak Tech Ltd, and Qualcomm gracing the event, the IIT Madras Placements 2023 are poised for exceptional success.
IIT Madras Placements 2023 Report
Let’s dive into the statistics of the IIT Madras Placements 2023:
Metrics Statistics Total Pre-placement offers 407 Number of Students Registered 1722 Students with Packages Above INR 1 CPA 25 Number of Students Placed (Day 1) 445 Top Job Roles Software Development Engineering, Data Science, Quantitative roles, Core Engineering, and more. Top Recruiters Texas Instruments, Bajaj Auto Ltd, Chetak Tech Ltd, Qualcomm, and more. IIT Madras Placements 2023 Company-Wise
Let’s take a closer look at the number of offers made by some of the top recruiters:
Recruiters Number of Offers Texas Instruments 14 Bajaj Auto Ltd 10 Chetak Tech Ltd 10 JP Morgan Chase & Co 9 Qualcomm 8 Procter & Gamble 7 Morgan Stanley 6 Graviton 6 McKinsey & Company 5 Cohesity 5 IIT Madras Placements Year-Wise Trends
Looking at the trends, we can see significant growth:
Year Total Pre-placement Offers 2022 227 2023 407 IIT Madras Placements 2022 Report
Here’s a glimpse of the previous year’s placements:
Metrics Statistics Number of Companies Participated 480+ Number of Students Placed 1199 Number of Offers 1491 Number of International Offers 45 Highest CTC INR 2.14 CPA Average CTC INR 21.48 LPA Major Sectors Core Engineering, Data Science, and Analytics Top Recruiters Bajaj Auto, Goldman Sachs, JP Morgan, among others. The 2022 placements saw a plethora of recruiters, including Apple, P&G, Google, American Express, Intel, Deloitte, Microsoft, ISRO, ICICI WQ Bank, CISCO, Jaguar, Wells Fargo, HCL Technologies, TCS, Bajaj Auto Limited, and many more.
IIT Madras Placements 2022 Salary Statistics
Breaking down the salary statistics:
Salary Range Number of Offers Offers above INR 30 LPA 203 Offers between INR 20 LPA – INR 30 LPA 209 Offers between INR 10 LPA – INR 20 LPA 606 Offers between INR 5 LPA – INR 10 LPA 154 Offers below INR 5 LPA 4 This reflects a diverse range of opportunities, with the highest salary packages exceeding INR 30 LPA.
IIT Madras Placements 2022 Course-Wise
Breaking it down by course:
Course Highest Salary Median Salary B. Tech INR 2.14 CPA INR 18 LPA M. Tech INR 46.08 LPA INR 13.02 LPA MA INR 22 LPA INR 13.69 LPA MBA INR 25.30 LPA INR 15.35 LPA MS INR 58.80 LPA INR 15 LPA M. Sc INR 16 LPA INR 14 LPA Ph. D INR 33 LPA INR 16.5 LPA The B.Tech batch secured the highest salary, followed closely by the MS batch.
IIT Madras Placements 2022 Branch-Wise
Breaking it down by branch:
Branch Average Salary B. Tech. (CSE) INR 41.72 LPA B. Tech. (ECE) INR 24.4 LPA B. Tech. (All Included) INR 33.06 LPA The Computer Science Engineering (CSE) batch led the way with an impressive average salary of INR 41.72 LPA.
IIT Madras Placements 2023 Top Recruiters
The top recruiters for 2023 include:
- Microsoft
- Texas Instruments
- Uber
- Qualcomm
- C-Dot
- Enphase Energy
- Oracle
- Nutanix
- Thoughtspot MTS-2
- Squarepoint SDE
- American Express
- JP Morgan & Chase
- Bajaj
- Rippling
- Tibra
- Cohesity
- Sprinklr
- Procter & Gamble
- Graviton
IIT Madras Summer Internship Placements 2023 Report
For the summer internship placements:
Metrics Statistics Number of Recruiters 122 Number of Students Registered 1397 Number of Students Placed 504 -
IIT Madras placements: The highest salary offered is $250,000.
The average salary received by students during campus placements for 2021–22 is Rs. 21.48 lakh per annum.
With a total of 1200 job offers received from more than 350 companies during phases I and II of campus placements, the Indian Institute of Technology Madras (IIT Madras) has recorded the highest ever number of job offers in an academic year, which is great news for them.
231 pre-placement offers were also received from students’ summer internships. A total of 1,430 job offers were recorded, which is higher than the previous highest of 1,151 job offers recorded in the 2018–19 academic year.
This also includes 45 international job offers from 14 companies, which, as per IIT-Madras, is also a new record high. Of these, 11 came from Rakuten Mobile, Inc., while other global offers came from Glean, Micron Technologies, Honda R&D, Cohesity, Da Vinci Derivatives, Accenture Japan, Hilabs Inc., Quantbox Research, MediaTek, and Uber.
During the first and second phases of campus placement, 131 start-ups made as many as 199 offers. Meanwhile, all 61 MBA students were placed this season, resulting in a 100% placement rate for the Department of Management Studies at IIT Madras.
Every year, IIT Madras conducts placement in two stages. While phase I occurred between December 1 and December 31, 2021–22, phase II typically begins in the second half of January and continues until the end of the school year. Phase II of campus placements ran from 2021–22 until May 27, 2022.
131 start-ups made as many as 199 offers during the first and second phases of campus placement. Meanwhile, all 61 MBA students were placed this season, giving IIT Madras’ Department of Management Studies a 100% placement rate.
The average salary received by students during campus placements in 2021–22 is Rs 21.48 lakh per year. The maximum available compensation is $250,000.
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IIT Delhi Campus Internship 2022 – More than 100 companies participated.
There were approximately 130 companies in IIIT-D, of which 108 provided salaries of 10-45 lakhs and Some companies provided salaries of 6-10 lakh. Indraprastha Institute of Information Technology Delhi (IIIT-D) completed its campus internship this year, offering the best annual package of 110,0000-470,0000 rupees per year.
The institute hosted about More then 100 companies, where competitive salaries ranging from 10 to 45 Lakh and 32 provided competitive salaries ranging from 6 to 10 lakh. Companies like Google, Microsoft, LinkedIn, American Express, , Amazon, etc. have joined the recruitment process and varied into the current batch. Of the students who provided the role.
This year, the overall batch campus placement rate in 2022 was 98.10%, with students receiving an average wage of 19.72 lakh rupees and a median of 16.50. lakh In addition, the highest compensation offered to an Indian-based brokerage firm is reported to be 470,000 rupees per year. For overseas internships, this year’s highest salary package was 1.84 cr, with the second highest being 54.83 lakh rupees.