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    After IITs, NITs clock record placement season amid talent crunch

    Synopsis

    The pandemic-induced rapid digital transformation across all industries has pushed demand for young engineers from NITs to new highs, resulting in one of the best placement seasons across these colleges.

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    After the Indian Institutes of Technology (IITs), the National Institutes of Technology (NITs) are witnessing record placement numbers, not just in terms of the line-up of offers but also in the jump in top packages and average salaries.

    NIT Hamirpur has received five Rs 1 crore-plus offers for international roles, its director, Lalit Kumar Awasthi, told ET. Before this, it had got one Rs 1 crore offer in 2019.

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    The top offer at other NITs such as Calicut and Jamshedpur has increased by almost 50%. The number of offers received so far is nearing—and, in some cases, have even surpassed—the total at the last placement season at these NITs and those in Durgapur, Manipur, Warangal and Jalandhar.

    “The average salary is up by 35% this year compared to last year. Our top salary is Rs 1.5 crore—the highest ever,” said Awasthi of Hamirpur. Most offers are coming from IT firms or for tech roles, driving average salaries up.

    There’s an increase of about 30% in the average salary from last year at NIT Jamshedpur.

    “This is due to high demand (for engineers) and a greater number of recruiters visiting the campus this year,” said Anil Kumar Choudhary, professor in charge for training and placement at NIT Jamshedpur. The highest offer received this year at NIT Jamshedpur is Rs 56 lakh per year from Atlassian, up from last year’s peak of Rs 37.5 lakh, Choudhary said.

    The pandemic-induced rapid digital transformation across all industries has pushed demand for young engineers from NITs to new highs, resulting in one of the best placement seasons across these colleges, according to officials.

    Prominent recruiters at the NITs this year include Microsoft, Amazon, Paytm, Samsung, Atlassian, Intuit, Tata Steel, Texas Instruments, Aditya Birla Group, Flipkart, Tata Motors, Vedanta, Qualcomm, Goldman Sachs, PwC and Deloitte, among others, said placement officials.

    NIT Durgapur has received 530 offers so far this year compared with 429 last year. The average salary has gone up at Durgapur to Rs 11.46 lakh so far this year, up 37% from Rs 8.34 lakh for the 2021 batch.

    “Slower hiring pace in the last two years has created a big demand-supply gap,” said Nilotpal Banerjee, chairman, career development centre, NIT Durgapur. “Companies are going all out and hiring in big numbers to fill that gap.”

    At NIT Calicut, the top offer is Rs 67.6 lakh, bagged by four students, compared with last year’s top offer of Rs 43 lakh. The average salary is Rs 14.5 lakh as of January versus Rs 13 lakh last year.

    “There is about a 60% increase in the total number of offers compared to the previous year,” said Sajith V, head, centre for training and placement, NIT Calicut.

    NIT Manipur has received 80 offers already, matching that of the entire placement season last year. “There is definitely more interest from companies. Salary packages are going up for streams like computer science, electrical, etc.,” said KH Johnson Singh, faculty coordinator for placements at NIT Manipur.

    At NIT Jalandhar, the average salary has gone up to Rs 11.87 lakh per year from Rs 8.5 lakh last year. The top offer is Rs 44 lakh per annum, its highest ever, according to Rajeev Kukreja, head, centre for training and placement, NIT Jalandhar.
    The Economic Times

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