IIT Madras Students -` Record-High` Job offers for Best Packages

IIT Madras shower a lot of praise on its students for having done exceptionally well in 2021-22 placement which has led to record all-time high job offers.
By Edunews Team

12-08-2022

IIT Madras is ranked the top engineering institute in India by the Ministry of Education`s National Institutional Ranking Framework since its inception in 2016. The institute is known for being a testament to exceptional curricular training and co-curricular. Placement of IIT Madras has an excellent track record and its placement season has always been a hub for recruitment for many companies. The institute offers 100% placement records with high packages into top multi-national companies.

IIT, Madras was founded in 1959. In 1956, the German Government offered technical assistance for establishing an institute of higher education in engineering in India. The students enjoy a lot of privileges apart from quality study and atmosphere. The education at IIT Madras like most other IITs is to instill a more practical approach. This is the reason why students from IIT Chennai make it big. Students received the highest number of job offers during the 2021-22 placement seasons.

  • 380 companies gave 1,199 offers
  • Students received 231 pre-placement offers through internships, therefore a total of 1,430 job offers.
  • 45 international offers from 14 companies. 
  • As many as 131 startups had made 199 offers during phases I and II of campus placement.
  •  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.

Average Salary: A student`s average package of salary is Rs 21.5 lakh a year and the highest pay package is 1.98 crore.  80% of students who opted for campus placements received job offers during 2021-22.

IIT Madras shower a lot of praise on its students for having done exceptionally well in 2021-22 placement which has led to record all-time high job offers. This is a testament to the exceptional curricular training and co-curricular opportunities received by the students at IIT Madras. 

International offers: Out of 45, 11 came from Rakuten Mobile Inc while companies like Glean, Micron Technologies and Honda R & D, Accenture Japan, and Uber also made international offers.

During 2021-22, 42% of students were placed in core engineering sectors; 

  • 17% of students placed in data science and analytics 
  •  17% of students placed in the IT sector. accounted for
  •  10% of job offers  in R and D companies 
  • 6% in financial services and management sectors accounted for each.

Recruiters: EXL Service made a maximum of 28 offers while OLA Mobility and EY India have made 27 and 23 offers respectively.