15 December 2022 12:12:58 IST

IIT Mandi receives 249 offers from 88 firms

IIT Mandi received 249 offers from 88 companies in the first phase of the placement cycle. An increase of 50 per cent in the number of job offers has been witnessed compared to the last year. This also includes the 70 pre-placement offers compared to 56 last year, an increase of 25 per cent

So far, IIT Mandi has also received 19 international offers this year from companies, including Rakuten, Accenture Japan, Denso, and Nohara Holdings, Inc. More than 140 national and international companies hired in multiple sectors and several job profiles are registered with IIT Mandi for phase one of placement which will continue till the end of December.

Hikes in CTCs

Top recruiters are Uber, Amazon, Walmart, Oracle, Indeed, Flipkart, Microsoft, Tata 1mg, Trilogy, Cashfree, Adobe, Paytm, Rakuten, Zomato, Sprinklr, Schrodinger, Samsung Research Institute Bangalore, ODE, ICICI bank, HDFC, EXL Service, Evalueserve, Merilytics, Jaguar Land Rover, Maruti Suzuki, Mercedes Benz, Addverb, Hitachi, L&T, HoneyWell, Western Digital, AMD, Ceremorphic, LTI, GE, etc. and PSUs including C DOT, and HPCL, among others.

An increment of around 18 per cent in average CTC and 24 per cent in a median of ₹26 lakh has been observed in comparison to the last year, with the highest domestic package of over ₹60 lakh till now. Job offers in profiles such as software development engineer, data scientist, data analyst, business analyst, data and business consultant, marketing, management, GET (Graduate Engineer Trainee), and several other domains and sectors have already been made.

Longer internships

Speaking on the placement process, Tushar Jain, Advisor, Career and Placement Cell, IIT Mandi, said, “This year, we are witnessing a successful placement drive. The number of offers and the number of companies registered with the CnP cell is more than the previous years. The students from the newly-opened UG programmes in 2019, namely data science, engineering physics, and bioengineering, are participating in the recruitment drive for 2022-23, and their placements are very promising.”

Further, Dr Jain mentioned, “We have this percentage increase due to several factors, particularly the introduction of six-month internship and due to the career session and guidance to the students by the career and placement cell in addition to academic curriculum and ongoing projects with professors.”