IIT Kanpur campus placement 2022 begins; 33 students bag packages over Rs 1 crore

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. 

Leave a Reply

Your email address will not be published.

Latest

OpenAI Appoints Pragya Misra as Government Relations Head in India

OpenAI, the renowned developer of ChatGPT and a frontrunner in artificial intelligence research, has taken a significant step in expanding its global footprint by hiring its first employee in India. Pragya Misra, appointed as the government relations head, will play a pivotal role amid India’s ongoing elections, which are crucial for shaping AI regulations in […]

Read More
Latest

From Retirement to Revitalization: The Growth of Senior Living in India

The world’s elderly population is surging and India is expected to accommodate upto 17 per cent of the world’s elderly population by 2050, said a report by CBRE South Asia Pvt Ltd. In India, the segment is witnessing substantial growth, driven by favorable demographics, rising chronic conditions, and increasing awareness. And with the rising number […]

Read More
Latest

Tata’s Strategic Moves in India’s EV Market: A Closer Look

  Tata Motors, a stalwart in India’s automotive sector, is making strategic maneuvers to capitalize on the evolving landscape of electric vehicles (EVs). With the recent announcement of importing Jaguar Land Rover (JLR) luxury electric cars under a new government policy, Tata is positioning itself at the forefront of the country’s electric mobility revolution. The […]

Read More