IT placement at CUSAT is great. But go for IT, only if it interests you. The same goes for any branch. Pursue a field, in which you are interested. Discussed below are a few of the aspects of the placement at CUSAT.

Eligibility for Placement:

• For IT/CS jobs, students from CS, IT, EC, and EE branches can apply for both the campuses, i.e. CUSAT, CUSEK. 
• In certain instances, eligibility is granted to students from an MCA and an M.Tech background as well.
• Students travel from CUCEK to CUSAT exclusively to attend the placement cells.
• However, the eligibility criteria differ from company to company, but a good GPA (let's say greater than 8.3) can give you the confidence to sit in front of literally any company that shows up for placements. 
• Once you manage to match their eligibility criteria, you'd see no one there would care about your IT or CS background. Both branches are given equal importance.
• If you are deemed eligible for placement, you will only be judged based on your programming skills and personality. Past academics, CGPA, backlogs, factors like that won’t matter much.

Based on the batch size and how easy it is to secure a placement offer, the branches are ranked below. 

CS>IT>SF>EC>EE>ME>CE

The table below highlights the recent placement statistics at the institute.

This should give you an idea about IT placement at CUSAT.