IIT PLACEMENTS: LOWEST SALARIES RECEIVED BY TOP IITS SINCE 2019
The recent placement report by India's top engineering college Indian Institutes of Technology-Bombay has surprised many as the lowest annual package has gone down to Rs 4 lakh. While the highest salary packages are in crores in the top IITs, the average range between Rs 20 and Rs 28 lakh per annum. The experts blame it to the global economic situation.
Let us look at the lowest salaries received in some of the top IITs since 2019.
IIT Placement: Lowest salaries
IIT Madras
In the National Institutional Ranking Framework (NIRF) 2024, IIT Madras is ranked the best institute under the engineering category. In IIT Madras, while the average salary for BTech graduates has increased from Rs 29.28 lakh in 2018-19 to Rs 41.72 lakh per annum in 2021-22, the lowest salary hovered between Rs 5.4 lakh per annum in 2019-20 to Rs 6 lakh per annum in 2023-24.
IIT Placement: Lowest salaries in the past 5 years (lakh per annum)
| IITs | 2023-24 | 2022-23 | 2021-22 | 2020-21 | 2019-20 |
| IIT Madras | 6 lpa | 5.40 lpa | 3 lpa | 3.67 lpa | 5.4 lpa |
| IIT Bombay | 6 lpa | 6 lpa | - | 5.43 lpa | - |
| IIT Kharagpur | 8 lpa | 7 lpa | 16 lpa | 9.5 lpa | 8.8 lpa |
| IIT Roorkee | 6-8 lpa | 6-8 lpa | 6-8 lpa | 6-8 lpa | 6-8 lpa |
| IIT Guwahati | 7 lpa | 5.23 lpa | 7 lpa | 7 lpa | 7 lpa |
IIT Delhi
IIT Delhi obtained the second rank in NIRF 2024 in the engineering category. According to the IIT Delhi summer internship placements report 2023, the highest stipend was Rs 4.04 lakh per month and the average stipend was Rs 2.63 lakh per month. The lowest salary can be as low as 10 lakh per annum.
IIT Bombay
IIT Bombay ranks third in the NIRF 2024 engineering rankings. In the December drive of IIT Bombay, 22 students received Rs one crore plus offers in phase I of placement. Further, three were domestic while 19 were at international locations. The lowest annual package this year has decreased to Rs 4 lakh, and 10 offers were made by seven companies in the range of Rs 4 to 6 lakh per annum.
IIT Kanpur
IIT Kanpur obtained a fourth rank under the engineering category in NIRF 2024. In 2023, a total of 989 offers, including 22 international offers were received in the first phase of the 2023-24 placement session at the IIT Kanpur. The current average salary stands at Rs 26.27 lakh per annum.
IIT Kharagpur
IIT Kharagpur in NIRF 2024 is ranked at the 5th under engineering category. IIT Kharagpur in its 2023 placement session had bagged more than 700 placement offers including Pre-Placement Offers (PPOs) on the very first day. More than 121 profiles have been opened for the students who have received more than 19 international offers with 6 students being offered more than Rs 1 crore CTC on the first day of the placement drive.
Meanwhile, IITs have decided to not disclose the salary packages now, to ensure that the packages do not affect students' mental health, due to competitiveness. “Majority of these (crore-worth) offers are international offers, and people often forget that while looking at the figures. This can negatively affect students’ mental health, so we requested IIT-Bombay, and other IITs too, to not share any information on CTC in the public domain. This is very personal information that should stay between the candidate and the employer,” an AIPC member had earlier told The Indian Express.
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2024-09-07T05:46:57Z dg43tfdfdgfd