Chennai: IIT Madras students get 'record-high' job offers

CHENNAI: IIT Madras students received the highest number of job offers during the 2021-22 placement season, with 380 companies giving 1,199 offers. In addition, students also received 231 pre-placement offers through internships, taking the total to 1,430 job offers.
This includes 45 international offers from 14 companies. As many as 131 startups had made 199 offers during phase I and II of campus placement, a release from IIT Madras said. It further said that all the 61 MBA students got placements leading to 100% placement for the department of management studies. The previous record was in 2018-19 when students received 1,151 job offers.
This year, the average salary received by students is 21.5 lakh a year and the highest pay package is 1.98 crore. As many as 80% of students who opted for campus placements received job offers during 2021-22.
"We are thrilled that our students have done exceptionally well in 2021-22 placement that have led to record-high job offers," said C S Shankar Ram, advisor (placement), IIT Madras. "This is a testament to the exceptional curricular training and co-curricular opportunities received by our students at IIT Madras," he added.
Of 45 international offers, 11 came from Rakuten Mobile Inc while companies like Glean, Micron Technologies and Honda R & D, Accenture Japan, Uber also made international offers.
This year, 42% of students were placed in core engineering sectors while 17% of students were placed in data science and analytics and another 17% were placed in IT sector. R and D companies accounted for 10% of job offers and financial services and management sectors accounted for 6% each. Among the recruiters, EXL Service made a maximum of 28 offers while OLA Mobility and EY India have made 27 and 23 offers respectively.