IIT Patna Placements 2021 witness 8% jump in campus hiring; 45% rise in internship offers

More than 180 job offers were made by the National and International organisations to the students against 143 in the previous academic year. This year, nearly 121 firms offered jobs to IIT Patna students, out of which 50 recruiters were first-time participants.

Despite the ongoing COVID-19 pandemic and the economic slowdown caused due to it, the Indian Institute of Technology (IIT) Patna Placement 2021 has recorded 8 per cent jump and 45 per cent rise in internship offers for the ongoing 2020-21 academic year, surpassing all its previous records.

More than 180 job offers were made by the National and International organizations to the students against 143 in the previous academic year. This year, nearly 121 firms offered jobs to IIT Patna students, out of which 50 recruiters were first-time participants. Of them, 48 companies had conducted interviews, group discussions and online exams in phase I and 73 in phase II. The IIT Patna Placement 2021 will conclude by end of this month for the current academic session.

The average annual packages of final-year BTech and MTech students have seen an increase of 12.53 per cent and 22.5 per cent respectively. As per the IIT Patna officials, the average annual pay package rose to Rs 16.6 lakh per annum from last year’s Rs 14.7 lakh for BTech graduates. The average package offered this year for the MTech students stood at Rs 15.5 lakh per annum, up from last year’s Rs 12.7 lakh.

Kripa Shankar Singh, training and placement officer of IIT Patna said the highest package stands at Rs 52.50 lakh per annum offered by MTX Group. It was followed by Rs 47 lakh per annum by DE Shaw and Rs 43.5 lakh per annum by Microsoft.

“In the ongoing placement drive, department of computer science and engineering has topped the list in terms of placements, followed by mechanical engineering, electrical engineering, chemical and civil engineering. Of eligible and interested registered students, 70 per cent students have been offered jobs by top-rank multinational companies,” Singh said, adding that the remaining students explored options like higher studies, research and civil services examination. “Some got jobs through their own contacts and even started their own ventures,” he added.

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