If you are thinking that all the top students of the top Indian Institutes of Technology (IIT) managed to receive big pay packages, you may be wrong.
A recent study by campus hiring experts reveals that only about 5.5 per cent of the total candidates who appeared for the placement drive got a package of Rs 50 lakhs per annum or above.
That means, not more than 960 students bagged lucrative offers as per expectations.
It is reported that almost 54 per cent of the students in the top tier, numbering about 7,020, and half of the students in the next level, numbering about 2,250, bagged job offers with salary packages between Rs 10 and Rs 16 lakh per annum.
About 1,430 of the top-tier students, that is, about 11 per cent received jobs that pay Rs 16 lakh per annum. About 40 per cent of students in the second tier, that is, about 1,800 in number, got offers of Rs 16 lakh per annum.
Clearly, it is not really the organisations in the top tier that pay the highest salaries even though they may be the ones hiring ace-quality talent from the IITs.
While nearly 90 per cent of students who participated in the placement drives accepted a job offer, maximum jobs went to students of computer science engineering, electronics and communication engineering, as well as streams such as electrical and electronics, artificial intelligence, machine learning and data science.
Higher salaries were offered to participants from the IITs of Mumbai, Madras, Delhi, Kharagpur, Kanpur, Guwahati, Roorkee, BHU Varanasi and Hyderabad, as compared to students from the IITs Dhanbad (ISM), Ropar, Bhubaneswar, Gandhinagar, Jodhpur, Patna, Indore and Mandi campuses.
