The placement season has begun at Indian Institutes of Technology (IITs) and it was day one of campus placement for academic year 2022-23 of IIT Kanpur on December 1. The first ended on high note with a total 519 offers coming in from several global and domestic recruiters.
Out of the 519 offers, 227 were pre-placement offers (PPOs). The highest domestic offer received on day one was worth Rs 1.9 crore. In total, 33 students received offers for over Rs 1 crore at the end of day one.
Top recruiters like Capital One, SAP Labs, Rakuten Mobile, Enphase, Boston Consulting Group, Bain & Company, McKinsey & Company, Square Point Capital, among others, came for hiring on campus this season.
Last year, the highest package at the end of phase 1 of placement season was $ 287,550 for international and Rs. 1.2 Cr for domestic. This year, there was an overall uptick in the packages offered and new recruiters joining in.
Last year, the highest packages at the end of phase 1 of placement season was $ 287,550 for international and Rs. 1.2 Cr for domestic. This year, there was an overall uptick in the packages offered and new recruiters joining in.
Several tech companies in 2022 have slowed down hiring and some have even laid off employees amid fears of recession. Media reports earlier suggested that this year, the placement offers are expected to be lower than in previous years due to the slowdown.
The candidates are expected to get fewer offers for software roles.
