26% of IIT Kanpur students still await Placement offers.

Placement hounds this year. Now the IIT Kanpur is yet to secure jobs for 26 percent of its students in the ongoing placement season, right to information (RTI) data shared with Moneycontrol has revealed.

The registered candidates for placement were 1,417, 1,045 had received jobs by May 17, the IIT said in a reply to a right to information query filed by Dheeraj Singh, the founder of Global IIT Alumni Support Group. As many as 372 students are yet to find jobs.

The median salary is also little bit lower this year, the average cost to the company (CTC) offered is Rs 24.4 lakh per annum (LPA), while the median salary is Rs 18 lakh.

Comparing this data of median salary was 19.7 Lakh in 2022-23, around 12 percent did not receive jobs. While the average salary was Rs 26 LPA.

In the 2021-22 placement season, around 13 percent of students did not get placements and the average salary stood at Rs 24.6 lakh and median at Rs 20 lakh .

But IIT Kanpur have performed well in comparison to other IITs in terms of placement as other institutes struggle. Older IITs such as Roorkee have not been able to secure placement for 46 percent of its students, while 64 percent of the students at IIT-Bhilai, one of the newer institutes, are yet to find jobs.