IIT graduates obtaining jobs with a higher CTC (salary of Rs 50 lakh and above per annum) constitute only 5.5 percent of the total pool, translating into just 960 students, according to a report.
A team of campus recruitment experts at HirePro, a recruitment automation and assessments solution provider, analysed the data of placements at the IITs in 2022 and collated insights about compensation.
The analysis revealed that nearly 54 percent of total students in the top tier of IITs (7,020) and 50 percent of students in the next tier of IITs (2,250) receive job offers with salary packages in the range of Rs 10 to 16 lakh per annum.
About 11 percent of students in the top tier (1,430) and 40 percent of students in the next tier of IITs (1,800) ended up grabbing jobs with a salary range of up to Rs 16 lakh per annum.
The students from IITs in Mumbai, Madras, Delhi, Kharagpur, Kanpur, Guwahati, Roorkee, BHU Varanasi and Hyderabad campuses receive job offers with higher compensation in comparison to students from IITs Dhanbad (ISM), Ropar, Bhubaneswar, Gandhinagar, Jodhpur, Patna, Indore, and Mandi campuses.
The situation is gradually changing as a result of recruitment process innovation and the success of remote recruitment.
IIT students from streams like computer science engineering, electronics and communication engineering, electrical and electronics, artificial intelligence and machine learning, and data science, secure the majority of job offers.
The campus recruitment experts at HirePro formulated a detailed analysis of CTC and gross salaries offered by various companies at 23 IITs.
Almost 90 percent of students who participated in the placement accepted a job offer.
