Over 8,000 IITians couldn't get jobs in 2024 campus placement drive, pay scale dipping below ₹10 lakh: Report
salary package upon completing their engineering degree. The latest report revealed 8,000 IITians have not found a job through campus placement this year.In a LinkedIn post, IIT Kanpur alumnus and placements mentor Dheeraj Singh shared three years' placement data based on 23 RTIs (Right to Information), annual reports, media reports, and student insights. In 2024, 21,500 were registered at IITs, of which 13,410 were placed while 8,090 were yet to find jobs.The number of unplaced students almost doubled this year as compared to 2023.
As many as 20,000 students registered themselves to appear in campus placements. Of these, 15,830 got jobs with an average annual package of 17.1 lakh per annum, and 4,170 did not find jobs through campus facilities.Similarly, in 2022, more than 3,000 students out of 17,900 registered students remained unplaced through IIT campus placement. Singh wrote on LinkedIn that the median CTC for the year was 17.2 lakh per annum.“Typically 70-80% of those graduating sit for placement.
Above data is only for those who sit for placement and NOT for the entire graduating batch. Remaining 20-30% pursue options such as higher studies, civil services, entrepreneurship, do nothing, etc," he clarified. While a few IIT graduates making headlines for securing packages exceeding ₹1 crore or even ₹2 crore is common, the lower-end salaries are quite surprising.
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