Nowadays, placement is one of the important activities in educational institutions. The key role that the educational institution is to prepare and guide students well through the placement process by providing them better training for getting placed in reputed companies. Best placement service of an institution will also attract people to take admissions. A placement prediction system helps to know the possibility of a student to be placed. Machine learning techniques like Naïve Bayes and Random forest algorithm are used for the prediction. These algorithms independently predict the results based on various parameters. This technique will also helps to upgrade the skills of students to meet the eligibility criteria