Patna, July 14: The 11th placement season of IIT Patna witnessed the best ever placement this year and recorded a huge spike in the placement offers. The campus recruitment this year stands out due to it recording the highest number of job offers, highest domestic pay package, highest average package and highest number of pre placement offers ever.
This year placement drives have been very successful and record setters. Around 154 companies belonging to IT/Software, Finance and Banking, Analytics and consulting, core engineering, E-commerce, health care, manufacturing, automobile etc. have extended 412 job offers to the batch of 2022. This year’s 412 job offer extended is making a sharp increase of 72.38% in comparison to the last year’s 239 job offers. The list also includes 10 international offers extended by Accenture Japan, Amazon Berlin, Google Munich, Amazon Luxembourg, Square Point Capital London and Google London.
IIT Patna placement has seen steady increase in the average package as compared to the previous academic year. The BTech average salary with a phenomenal jump of 68.47 %, reached to 28.86 lakh in 2022 from 17.13 lakhs in 2021. Similarly, the average MTech salary also reached 14.99 lakhs in 2022 from 12.22 lakhs in 2021. The highest domestic pay package offered is rupees 61.30 lakhs and followed by rupees 57.40 lakh to the students of the batch of 2022.
The institute has seen a significant jump in pre placement offers extended to the students over the years. In 2021-22, the students of IIT Patna have received 50 PPOs (pre placement offers), while it was 25 in 2020-21, which is 100% higher in comparison to the previous session.
Batch-2021 Batch-2022 %age growth(^)
Average Salary (B.Tech.) Rs 17.13 Lakh Rs 28.86 Lakh 68.47%
Average Salary (M.Tech.) Rs 12.22 Lakh Rs 14.99 Lakh 22.66%
Total Job offers 239 412 72.38%
Total placed students 193 286 48.18%
No of companies participated 125 154 23.20%
No of PPOs 25 50 100%
% placements B.Tech. 93.33% 96.19% 3.06%
% placement M.Tech. 82.35% 86.81% 5.41%
In terms of placement percentage BTech Computer Science and Engineering, Mechanical Engineering, Electrical and Electronics Engineering recorded 100% placements each and Chemical engineering 82.35% and civil engineering 77.27%. The overall placement percentage of BTech has been 96.19%. Similarly, in MTech Computer Science and Engineering, Mathematics and Computing, VLSI / Embedded systems and Mechanical Engineering recorded 100% placements and other streams have also performed well in terms of placement percentage. All together MTech batch of 2022, recorded 86.81 % placement this year.
The batch of 2022 achieved another remarkable feat by grabbing 6 international offers by the BTech students through the off-campus recruitment process with a pay package of more than one crore. Google London has extended one of the students of IIT Patna a pay package of Rs 1.37 Cr, Google Munich has extended to another student a luxury remuneration of Rs 1.31 Cr, Amazon Berlin has offered the pay package of Rs 1.20 Cr to 3 students and Amazon Luxemburg has extended fatty pay package of Rs. 1 Cr to 1 student of IIT Patna.
The recruiting firms from IT/software domain dominated the list with its 45% parts followed by analytics / consulting 13%, EdTech 9%, FinTech 7%, research and development 4%, E-Commerce 5%, semiconductor 3%, core engineering 3%, manufacturing 3% and others includes 5%. A formidable number of start-ups (around 46) from growing to established stage have been attracted by the institute for the campus placements.
This season more than 40 new companies have participated in the campus recruitment for the first time with Qualcomm, Plutus Research, HDFC, ICICI Bank, RBL Bank, Yugabyte, Servicenow, indeed, Dhani, Husing.com, Flipkart, Zomato, Paytm, Tata Electronics, Sears, Tata Digital being the few of them.
The job profiles offered range from software engineer, hardware engineer, application engineer, product engineer, data scientist, digital consultant, manager infrastructure, analyst, machine learning engineer, digital engineer, decision analyst, consulting management trainee, GET, PGET etc.
The list of top recruiters of the season includes Google, Oracle, MTX, sprinklr, dhani, Atlassian, optum, Bosch, media.net, gameskraft, smart coin, TVS, Aarti Industries, HDFC, RBL etc along with some of the top PSUs like BPCL, BEL and CDAC also recruited the student from the batch of 2022.
Training and placement officer Kripa Shankar said that considering the Covid protocols and guidelines, this year too, all the recruitment processes like pre-placement test, online assessment, group discussion, technical interviews, panel interview HR and management discussions were organised in virtual modes. The institute had adapted quickly to emerging needs and created suitable resources so that the students too are able to cope up with the new recruitment processes.
Dr Jose V Parambil, professor-in-charge, Training and Placement Cell, said that the improvement in the campus placement performance is an attestation to the confidence of recruiters on the performance of IIT Patna and its education system. Simultaneously, IIT Patna is constantly striving to create industry-ready professionals through its industry outreach and industry connects programs.
