The Indian Institutes of Technology (IIT) have long been recognized as breeding grounds for exceptional talent.
Recently, there has been a significant shift in the domestic job market, with top firms offering salary packages comparable to international standards for roles based in India.
This trend is particularly evident in sectors such as algorithmic trading, data security, and investment platforms, where companies are competing fiercely to attract the brightest minds from these prestigious institutions.
IIT Graduates: Rising Domestic Salary Packages
Traditionally, fresh engineering graduates in India have seen starting salaries in the IT sector hover between ₹2.5 lakh to ₹4.5 lakh per annum.
However, this trend is rapidly changing, with companies now offering packages that can reach up to ₹1.65 crore annually for roles based in India.
Leading firms such as Quantbox Research, Graviton Research Capital, Rubrik, APT Portfolio, and Databricks are at the forefront of this shift, providing lucrative opportunities to IIT graduates.
During the ongoing placement season, several top-tier companies have made impressive offers to IIT graduates.
For instance, Graviton Research Capital has offered packages as high as ₹90 lakh, while Quadrant Capital and Squarepoint Capital have extended offers exceeding ₹66 lakh.
These roles not only come with substantial financial rewards but also provide opportunities to work with global teams and potentially relocate abroad.
Impact of Remote Work and Global Talent Competition
The pandemic-era shift to remote work has played a significant role in this trend, as companies have had to adapt to hiring top talent for India-based roles.
This has led to a scenario where domestic job offers are now competing with international salaries, ensuring that IIT graduates have access to global opportunities without needing to relocate.
Companies like Quantbox Research and Graviton Research Capital are actively recruiting IIT graduates for roles such as quantitative researchers, trading analysts, and software engineers.
In addition to attractive base salaries, many firms are enhancing their offers with substantial joining bonuses and performance-based incentives.
For example, some companies are providing annual compensation packages that include a base salary of ₹55 lakh, a joining bonus of ₹10 lakh, guaranteed bonuses worth ₹30 lakh, and additional perks worth ₹5 lakh, bringing the total to over ₹1 crore.
Strong Interest from IIT Graduates
The response from IIT graduates has been overwhelmingly positive, with many students showing a keen interest in these substantial domestic opportunities.
The placement season, which began on December 1, has seen renowned IIT campuses like Delhi, Bombay, Kanpur, Madras, Kharagpur, Roorkee, Guwahati, and Varanasi (BHU) receiving high-value domestic offers.
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