Placement opportunities at newer Indian Institutes of Technology have started with a bang as more and more companies have lined up with job prospects. IIT Hyderabad, Gandhinagar, Indore, Ropar and Mandi have reported 10 per cent-20 per cent rise in the average salaries being offered at Rs 10-12 lakh.
Samar Agnihotri, assistant professor at School of Computing and Electrical Engineering, IIT Mandi, said the average salary offered to its students have gone up to Rs 11-12 lakh this year from Rs 9 lakh last year. "Since last three years, we have been achieving 100 per cent placements. Also since last two years, the gap is narrowing down every year compared to old IITs," said Nirmala Menon, assistant professor at IIT Indore.
Falling in the same trend, 44 per cent of the overall batch size of 400 in IIT Hyderabad have already got a job. IIT Hyderabad started with its placement process on Dec 1. Among others, which started their placement process earlier, IIT Mandi has placed 65 per cent of its students while Ropar and Indore IITs have placed over 70 per cent of their students on jobs.
"At the undergraduate level, most companies don't differentiate between older and newer IITs in terms of salary. So the average salary we get is comparable to that of the older IITs and our numbers are improving year-on-year," said B Venkatesham, faculty-in-charge for training and placement cell at IIT Hyderabad.
"Since last three years, we have been achieving 100 per cent placements. Also since last two years, the gap is narrowing down every year compared to old IITs," said Nirmala Menon, assistant professor at IIT Indore.
While newer IITs don't get as many of the highest-paying recruiters as the older IITs, significantly smaller batch sizes help them maintain average salaries at comparable levels and also to get job offers for almost all their students