Giving a relief to students fearing an unemployment crisis due to coronavirus pandemic, NIT Warangal recently announced that its students have received plum job offers with 732 of them securing placements.
According to a statement released by the institute, the students received a salary package as high as ₹43lk in the recently concluded placement drive.
“Over 732 final year students have received full-time employment offers from leading recruiters and 14 final year students received a cost to company (CTC) of Rs 43.33 lakh per annum (LPA) as highest pay package,” read the statement.
According to the institute’s placement cell, over 80% of the undergraduate students have been hired by 177 companies and the average compensation this academic year has increased to ₹12.15LPA compared to ₹9.93LPA last year.
A total of 33 students received offers from the Government of India enterprises (GOI) viz. ISRO and ITI and Public Sector Units (PSU) viz. Gas Authority of India Limited (GAIL) and Hindustan Petroleum Corporation Limited (HPCL), out of which six students have been inducted by ISRO, and 16 by Indian Telephone Industries (ITI), the release mentioned.
HRD Minister Ramesh Pokhriyal congratulated the institute director. “I congratulate Director NIT Warangal for ensuring that placements happen without any hurdle during these tough times,” he tweeted.
Around 177 companies participated in the campus placement drive at NIT-Warangal to hire students for full-time employment and offer internships. A total of 289 students have received offers with an annual salary of over Rs. 10 LPA this year.
However, some prominent IITs and IIMs have held that a few companies have revoked their job offers and requested them to reconsider their decision.
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