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Tamil Nadu: IIT Madras reports record placements

August 8, 2022

Even as talks about an impending recession have gained steam, IIT Madras has recorded the highest number of offers in campus placements for an academic year. As many as 1,199 offers were made during 2021-22 with another 231 pre-placement offers received from summer internships, totaling to 1,430 offers.

According to official sources in the premier institute, 80 per cent students who registered for placements have received job offers during the placement season. A total of 45 International Offers were received during Phase I alone, which is another record high.

The number of offers made is significantly higher than the previous highest of 1,151 job offers recorded during the 2018-19 academic year.

Also, 131 start-ups made as many as 199 offers during Phases I and II of campus placement. All the 61 MBA Students were also placed this season, leading to 100 per cent placement for the Department of Management Studies, IIT Madras.

The Average Salary received by students during campus placements for 2021-22 is Rs 21.48 Lakh Per Annum. The Highest Salary offered is USD 250,000.

As many as 80 per cent of students who opted for Campus Placements during 2021-22 have received job offers during placement 2021-22.

 Prof C S Shankar Ram, outgoing Advisor (Placement), IIT Madras, said, “Placements reflect a quantifiable outcome of the value-addition to students at an academic institution. We are thrilled that our students have done exceptionally well in the 2021-22 placements that have led to record-high job offers.”

A total of 45 international offers were made in this Phase I, out of which 11 offers came from Rakuten Mobile, Inc. Other international offers came from Glean, Micron Technologies, Honda R&D, Cohesity, Da Vinci Derivatives, Accenture Japan, Hilabs Inc., Quantbox Research, MediaTek, Money Forward, Rubrik, Termgrid and Uber.

Also read: Tamil Nadu government collaborates with IIT Madras for road safety

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