IIT Madras Sets New Placement Records: 80% Students Secure Offers with Average Salary of Rs 22 Lakh
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In a remarkable feat of academic prowess and industry collaboration, the Indian Institute of Technology (IIT) Madras has achieved groundbreaking placement statistics in its recent recruitment session. With nearly 80% of BTech and dual-degree graduates, along with over 75% of Master’s students, already securing placements even before their convocation, the institution demonstrates its commitment to fostering meaningful career pathways for its students.
The placement landscape at IIT Madras is truly global, with companies from Japan, Europe, and beyond extending offers to its talented pool of students. Notably, this year witnessed a surge in international offers, with 44 prestigious opportunities presented to students. Additionally, the entrepreneurial spirit thrives on campus, with 85 startups making a substantial 183 offers during the Phase 1 and Phase 2 of campus placements.
Diversifying across sectors, the placements reflect a broad spectrum of career opportunities for IIT Madras graduates. The core sector remains a significant draw, accounting for 43% of placements, followed closely by software roles at 20%. Furthermore, emerging fields such as Analytics, Finance, Consulting, and Data Science each contribute less than 10% to the placement portfolio, highlighting the institution’s adaptability to evolving industry trends.
In terms of compensation, the median and average salary stand at an impressive Rs 19.6 lakh and Rs 22 lakh, respectively. These figures underscore the value that top-tier employers place on the skills and expertise honed through an education at IIT Madras.
However, it’s essential to recognize the unique trajectory of PhD research scholars within the placement ecosystem. Unlike their peers in coursework-based programs, PhD scholars follow a non-time bound journey, often completing their theses close to convocation. As a result, their placement timelines may not align with traditional schedules. Nonetheless, many PhD students secure placements within a few months post-convocation, showcasing the enduring demand for advanced research expertise.
Reflecting on the achievements of the 2023-24 placement season, IIT Madras facilitated placements for 1,091 students across 256 companies during Phase I and Phase II. Furthermore, the institution witnessed a robust acceptance rate for pre-placement offers, with 235 out of 300 offers being accepted, indicating a strong endorsement of the quality of opportunities provided. The success of IIT Madras in placements not only underscores the academic excellence of the institution but also highlights its commitment to nurturing well-rounded individuals equipped to thrive in diverse professional environments. As the global economy continues to evolve, IIT Madras remains steadfast in its mission to empower students with the skills, knowledge, and opportunities needed to shape a better future, both for themselves and society at large.
