IIT Mandi witnessed an increase of 50 percent in total offers and 24 percent in median salary compared to the previous year (till December 15th, 2022).
IIT Mandi receives 249 offers during phase 1 placements from 88 firms
By India Today Web Desk: The Institute of Technology, Mandi received 249 offers from 88 companies during the Phase 1 placements. An increase of 50 percent in the number of jobs offered has been witnessed over the last year. This also includes the 70 pre-placement offers compared to 56 last year, increasing by 25 percent.
So far, IIT Mandi has also received 19 international offers this year from companies, including Rakuten, Accenture Japan, Denso, and Nohara Holdings, Inc. More than 140 national and international companies are hired in multiple sectors and several job profiles are registered with IIT Mandi for phase 1 of placement, which will continue till the end of December.
Top recruiters are Uber, Amazon, Walmart, Oracle, Indeed, Flipkart, Microsoft, Tata 1mg, Trilogy, Cashfree, Adobe, Paytm, Rakuten, Zomato, Sprinklr, Schrodinger, Samsung Research Institute Bangalore, ODE, ICICI bank, HDFC, EXL Service, Evalueserve, Merilytics, Jaguar Land Rover, Maruti Suzuki, Mercedes Benz, Addverb, Hitachi, L&T, HoneyWell, Western Digital, AMD, Ceremorphic, LTI, GE, etc. and PSUs including C DOT, and HPCL, among others.
An increment of around 18 percent in average CTC and 24 percent with a median of 26 lakhs has been observed in comparison to last year, with the highest domestic package of over 60 lakhs till now.
Job offers in profiles such as Software Development Engineer, Data Scientist, Data Analyst, Business Analyst, Data and Business Consultant, Marketing, Management, GET (Graduate Engineer Trainee), and several other domains and sectors have already been made.
The placement drive is centrally coordinated by the IIT Mandi campus, with all the recruiters from various companies and eligible students taking part physically and virtually from the campus, depending upon the recruiter’s convenience.
The Career & Placement (CnP) Cell announced the layout of the drives beforehand, which helped the students in preparing for the interviews. Another highlighting factor for IIT Mandi’s placement preparation was more than 15 career and placement preparation sessions organized over the year.
Speaking on the placement process, Dr Tushar Jain, Advisor, Career & Placement Cell, IIT Mandi, said, “This year, we are witnessing a successful placement drive. The number of offers and numbers of companies registered with the CnP cell is more than in comparison to previous years. The students from the newly-opened UG programs in 2019, namely Data Science, Engineering Physics, and Bioengineering, are participating in the recruitment drive for 2022-23, and their placements are very promising.”
Further, Dr Jain mentioned, “We have this percentage increase due to several factors, particularly the introduction of a six-month internship and due to the career session and guidance to the students by the Career and placement cell, in addition to academic curriculum and ongoing projects with professors.”
The combined efforts of the entire placement team, staff, student coordinators, volunteers as well as company professionals resulted in the smooth conduction of the first phase of the placement season.