IIT Bhubaneswar Placements: A Five-Year Journey of Growth and Challenges
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In 2008, the Indian Institute of Technology (IIT) Bhubaneswar was established, and its main campus in Argul, Khordha district, was inaugurated by Prime Minister Narendra Modi on December 24, 2018. Over the past five years, IIT Bhubaneswar has witnessed significant changes in its placement statistics, reflecting the institute’s progress and adaptability.
Placement Offers on the Rise:
One of the most noticeable trends in the placement statistics at IIT Bhubaneswar is the increase in the total number of placement offers over the past five years. In 2018, the institute received a total of 130 placement offers, a number that saw a slight dip to 120 in 2019. However, from there on, it was an upward trajectory, with 160 offers in 2020, 214 in 2021, and an impressive 301 offers in 2022. This remarkable growth reflects the confidence that recruiters have in the institute’s talent pool.
Steady but Slow Rise in Placement Percentage:
While the total number of placement offers at IIT Bhubaneswar has been on the rise, the percentage of placed students has shown a more gradual increase. In 2018, the placement percentage stood at 86%. It saw a modest rise to 89.55% in 2019 but experienced a slight decline to 87% in 2020, likely due to the COVID-19 pandemic’s impact on hiring. However, the institute bounced back in 2021 with a placement percentage of 90%, only to face a small setback in 2022, where the percentage of placed students fell to 88%. This slow but steady rise in placement percentage suggests room for improvement in ensuring that a larger portion of students secure job placements.
Average Salary Surges:
One aspect where IIT Bhubaneswar has consistently seen growth is in the average salary offered to its graduates. In 2018, the average annual salary was Rs 11.15 lakh, which increased to Rs 11.44 lakh in 2019. The upward trajectory continued, reaching Rs 15.8 lakh per annum in 2020 and a further boost to Rs 16.27 lakh per annum in 2021. The pinnacle was reached in 2022 when the average annual salary stood at an impressive Rs 17.5 lakh. This substantial increase in average salaries not only reflects the quality of education at the institute but also the demand for IIT Bhubaneswar graduates in the job market.
Expanding List of Participating Companies:
IIT Bhubaneswar has seen a steady expansion in the list of companies participating in its placement seasons. In 2018, the institute hosted around 55 companies, with the majority of job offers coming from core industries. The following year, the number of participating companies grew to 89, reflecting a growing interest from various sectors. The list of companies includes prestigious names like Google, Microsoft, Amazon, Goldman Sachs, Flipkart, D.E. Shaw, Oracle, Ceremorphic, and many more. Additionally, public sector undertakings (PSUs) such as ISRO, IOCL, HPCL, NCCBM, Oil India Limited, REC, TRAI, GAIL, CDAC, WAPCOS, BEL, C-DOT, C-DAC, GAIL, and NTPC (off-campus) have also participated in the campus placements in recent years.
Final Thoughts:
The journey of IIT Bhubaneswar’s placements over the past five years has been marked by significant growth in the total number of placement offers and average salaries. The institute’s reputation and the caliber of its students have attracted a diverse range of companies, both multinational corporations and public sector organizations. While the increase in placement percentage has been slower in comparison to the rise in offers and average salaries, it remains a vital aspect to work on.
IIT Bhubaneswar’s placement trends highlight the institute’s dedication to fostering a nurturing environment for its students, producing graduates who are not only highly sought after by leading companies but also receive competitive compensation packages. As the institute continues to evolve and adapt to the changing dynamics of the job market, it is well on its way to becoming a leading force in the world of technical education and placements. With consistent efforts and innovative strategies, IIT Bhubaneswar is poised for even greater success in the years to come.
