24 Students at IIT Dhanbad Bag Placement Offers of INR 45 Lakhs; Check Details Here

24 students of IIT (ISM) Dhanbad have been offered jobs with a compensation package of INR 45 lakh. Multinational companies have hired a considerable number of students during the campus placement drive held at IIT Dhanbad. 

While 24 students of IIT Dhanbad received a compensation package of INR 45 lakh, around 41 students were offered packages in the range of INR 30 to 45 lakhs. 

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Till December 1, midnight, around 23 companies had offered jobs to students in the placement drive. Out of these 10 companies have declared their results on December 1 while others will be doing the same on December 2. During the December 1 and 2 placement session, a total of 40 MNCs took part in the drive.

In addition, more than 100 students of the institutes have already received pre-placement offers from different companies. The placement drive is scheduled to go on till December 23. 

The placement drive is being held through online mode this year. This is because of unavoidable circumstances brought due to covid-19. Despite the pandemic, companies have been hiring freely.

Read More: IITs See Substantial Placements on 1st Day; Check Details Here 

In fact, the highest compensation package for the 2020 batch was INR 43.31 lakh. This figure has already been surpassed by a number of students who have received packages of INR 45 lakhs. 

Since there is still a lot of time left in the placement drive, this figure is only expected to go higher. During the first phase of the placement drive, most of the students who were hired were from core engineering branches.

One student each from the Electrical & Electronics and Computer Science branch have been offered jobs by a Japanese MNC called Money Forward Inc. Their compensation package stood at INR 31.77 lakhs.

The placement figures for IIT Dhanbad in BTech courses had continuously been declining for the past couple of years. In 2018, the placement figure stood at 84%, in 2019, it was 76% and in 2020 it was 65%. 

However, this year the placement figure is expected to improve and go up despite the negative impact of the covid-19. 

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