IIT Madras Placements Phase 1: 50% Students Receive Job Offers despite Cyclone Michaung


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IIT Madras placed 50% of students in phase I placements with increased core sector and international job offers, securing a median salary of over Rs 19 lakh.

IIT Madras Placements Phase 1: 50% Students Receive Job Offers

New Delhi: Indian Institute of Technology Madras (IIT Madras) has concluded the initial phase of its placement drive despite the challenges due to Cyclone Michaung. The commencement marked a record-breaking start with a surge in job offers on day one. As per official reports, 55% of the placed students belonged to socially and economically challenging backgrounds.

In the first placement phase, IIT Madras experienced substantial growth in core sector hiring and an impressive increase in international job offers for postgraduate students compared to the previous year. Companies participating in Phase I IIT Madras Placements offered a median salary exceeding INR 19 LPA, portraying the robustness of the process. Nearly 50% of students secured job offers in placements, the institute is gearing up for Phase II, inviting new recruiters to join.

IIT Madras Placement Trends

Particulars

Placement Statistics 2023

PPOs 

258

Total Offers

1612

No. of companies visited

480+

Top Job Roles

Software Development Engineer, Data Science, Quant, Core Engineer etc

Highest CTC offered

INR 1.31 Crore Per Annum

Lowest CTC offered

INR 5.4 LPA

Popular recruiters

American Express, Cogoport, SAP Labs

The placement phase showcased remarkable growth in core sector hiring and a notable increase in international job offers for postgraduate students, leading to the highest salary of INR 1.31 CPA. 

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