Highest package at Rs 61.30 lakh; 72.38% increase in job

IIT Patna Placement 2022: Google London has extended one of the students of IIT Patna a pay package of Rs 1.37 crore.

IIT Patna (Image: Official)

NEW DELHI: The Indian Institute of Technology (IIT) Patna witnessed a huge spike in the placement offers this year. The 11th placement season stands out as it recorded the highest number of job offers, highest domestic pay package, highest average package and highest number of pre-placement offers ever.

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“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,” IIT Patna said.

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IIT Patna received 412 job offers 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 Rs 28.86 lakh in 2022 from Rs 17.13 lakh in 2021. Similarly, the average MTech salary also reached Rs 14.99 lakh in 2022 from Rs 12.22 lakh in 2021. The highest domestic pay package offered is Rs 61.30 lakh and followed by Rs 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.

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%.

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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.

IIT Patna: BTech students receive 6 international offers

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 crore, Google Munich has extended to another student a luxury remuneration of Rs 1.31 crore, Amazon Berlin has offered the pay package of Rs 1.20 crore to 3 students and Amazon Luxemburg has extended fatty pay package of Rs 1 crore 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.

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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.

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