IIT Palakkad Placements 2022: Highest annual salary stood at INR 1.2 Crore

211 companies participated in the recruitment drive started in August 2021 and lasted for seven months. As many as 207 offers were made to the IIT students. The median annual salary offered to BTech computer science students was INR 15.05 lakh.

IIT Palakkad Placements 2022: The Indian Institute of Technology (IIT) Palakkad recorded the highest annual salary offer of INR 1.2 crore and average salary of INR13.93 during its campus placements for the 2021-22 academic year. With an overall 97% placement, the recruitment process witnessed a sharp increase not only in the number of companies taking part in the recruitment but also in the number of offers and placements made. The average salary offered to the students too increased considerably. When the highest annual salary offered during 2021-22 was INR 1.2 crore, the average annual salary offered was INR 13.93 lakh.

211 Companies made 207 job offers

“There was nearly 22% increase in the average salary offer for the year 2021-22,” said Santhosh Kumar R., training and placement officer of IIT Palakkad.

Being the third-generation IITs, the technology institute has excelled in the country in finding better opportunities for its students. “Our placement record for last year (2021-22) has been very good. More international companies have begun to show up, and placements in the core sector too have increased,” said PB Sunil Kumar, director, IIT Palakkad.

211 companies participated in the recruitment drive started in August 2021 and lasted for seven months. As many as 207 offers were made to the IIT students. The median annual salary offered to BTech computer science students was INR 15.05 lakh. The median salary for BTech electrical engineering was INR 12 lakh, BTech mechanical engineering and civil engineering INR 10 lakh.

4 companies with global footprint made 8 international offers

When L&T Group made 18 offers, eight international offers were made from four companies with a global footprint. The major recruiters were Indeed, Texas Instruments, Adobe, AMD, Maruti Suzuki, MathWorks, Arista Networks, L&T Group, GE, Versa Networks, Wabtec Corp, Paytm, Deloitte, IBM, Cargill, Capgemini, Tejas Networks, ZVC India, ICICI Bank, HCL, Intel, Qualcomm, Mercedes Benz, Tata Group, and OLA.

“Although 57% placement took place in IT sector, core engineering sector witnessed nearly 22% placement, and that’s commendable. A good number of core companies visited this current season and recruited the students,” said Professor Sunil Kumar, according to the Hindu.

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