Job offers down 10% at IIT placements this year but average packages are up

An increased number of the Indian Institutes of Technology (IITs) coupled with revised recruitment plans by recruiters has led to number of offers come down by 10% at placements, even as number of companies at campuses is slightly up this year. At IIT Kharagpur, as against 280 companies last year, this year the institute has seen over 300 companies register for placements, several of which have already visited the campus. Similarly, IIT Guwahati too has seen number of recruiters rise from 150 last year to 200 this year. Despite this rise, the number of offers per recruiter has come down by anywhere between 10% and 20% at different IITs, barring a few. IITs attribute the trend to multiple reasons including rise in the number of the premier institutes to now 23, thereby leaving too many campuses for recruiters to visit, apart from revisions in recruitment plans by firms. "Barring a few, most of the recruiters have reduced the number of offers. The average fall at IIT Guwahati is around 20%. Mostly this is because the manpower requirement at companies has undergone a change and they seem to have revised their recruitment plans," said Mr. K Mohanty, placement chairperson at IIT Guwahati. For instance, WorksApp made six offers this year at IIT Guwahati as against 12. IIT Kharagpur saw recruiters making 450 offers for the first five days as against about 500 offers last year for the said period. "The number of IITs has gone up to 23 now. Most of the major recruiters are now also going to newer IITs. At the same time, the general economic condition in the market is not so rosy. All these reasons have collectively led to fall in number of offers it seems," said Mr. Debasish Deb, Chairman, Career Development Centre, IIT Kharagpur, which has seen a fall of 10% in number of offers. The institute has also not seen much rise in its pre-placement offers which stood at 180 as against 185 last year.