Indian Institute of Technology, Madras has placed more than 80 percent of BTech/dual degree students and more than 75 percent of the master’s students by April end, even as several other IITs struggle this placement season.
During phases I and II of campus placements, 1,091 students were placed in 256 companies. In addition, out of 300 pre-placement offers 235 were accepted.
During phases I and II of campus placements during the year 2023-24, 1,091 students were placed in 256 companies. Of the 300 pre-placement offers, 235 were accepted.
Companies from Japan, Europe and other countries made 44 international offers. As many as 85 startups made 183 offers. Of the placed students, 43 percent are in the core sector, followed by 20 percent in software and less than 10 percent each in analytics/finance/consulting and data science.
Unlike a coursework-based study, the PhD programme is not time bound and thus their placement timeline may not match with course-based programmes, IIT-M said in a statement.
Many PhD students complete their thesis defence close to the convocation. Many get placed within a few months after the convocation, the statement added.
This year, median and average salary is Rs 19.6 lakh per annum (LPA) and Rs 22 LPA.
“I am happy to see that past year trends are continuing this year in placements. So, parents need not worry about the career path of their children at IIT Madras. While job placements are an important career path to take, we would like more of our students to take up entrepreneurship and provide jobs to others. This is in line with our target of 100 tech startups next year,” IIT-Madras director Professor V Kamakoti said.
The development at IIT Madras comes as a releif for student as various other IITs struggle with campus placement. Earlier, Moneycontrol reported that around 40 percent students of IIT Banaras Hindu University, Varanasi (IIT-BHU) are yet to secure placements in the ongpong placement season 2023-24. Similar cases have been observed at IIT Indore, IIT Ropar, IIT Jammu and IIT Palakkad.
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