The overall placement rates at the 23 Indian Institutes of Technology (IITs) fell from over 90% to just around 80% between 2021-22 and 2023-24, with the weighted average annual salaries reducing marginally from ₹23.45 lakh to ₹22.7 lakh, a HT analysis shows, with IIT administrators and faculty attributing the trend to an uncertain job market and high student expectations, although they insist that the overall placement scenario in the IITs is stable. Across IITs, officials and faculty members agree that the placement slowdown is driven more by changing market dynamics than by student capability. (FILE) The IITs are yet to release a consolidated report of their 2024-25 placement season. The seven IITs established between 1951 and 2001 — Kharagpur, Bombay, Madras, Kanpur, Delhi, Guwahati, and Roorkee — are classified as first generation IITs, and were the worst affected in terms of placement rates , seeing a dip of over 11 percentage points — from just above 90% in 2021-22 to 79% in 2023-24 — though their weighted average salaries (average pay adjusted for the number …