The reality of IIT placements, revealed by IFS officer Gaurav Garg, showcases a wide salary range from ₹6-35 lakh, with CSE and ECE graduates receiving higher offers. Global companies like Google and Facebook offer crores, but salary packages can be complex, often resulting in lower in-hand pay. IIT Bombay struggled this year, with 36% of students failing to secure jobs, reflecting challenges in a volatile economic climate.
Education News: Indian Institutes of Technology started new placements in Jan with some students remaining unplaced. Hiring pace slower than last year, leading to an
'This global uncertainty has a cascading effect with a funding winter setting in, resulting in cost-cutting in small and large businesses alike, with hiring being affected at all levels, including the campus level,' an official letter from BITS Pilani read.
Till last year, there were fewer start-ups found in the placement sheet of IITs because students had complained that while start-ups were given out offer letters with a promise of inflated CTC, they were failing to convert the offer letter into a joining date. However, things have changed this year.