IIT Madras Placement 2021-22: Highest number of offers ever; highest salary at USD 2,50,000

NEW DELHI: The Indian Institute of Technology (IIT) Madras has recorded the highest number of job offers during the IIT Madras campus placements in an academic year with a total of 1,199 job offers from 380 companies with the highest salary offered to be USD 2,50,000 and the average salary at Rs 21.48 lakh per annum. These job offers were offered during phase 1 and phase 2 of the IIT Madras campus placement.

About 80 percent of students who participated in the IIT Madras campus placements during the 2021-22 academic session have received job offers during the placement, said a statement from the institute. IIT Madras students were also offered 231 pre-placement offers (PPOs) through students’ summer internships making the total number of offers 1,430. Out of these offers, 45 were international offers from 14 companies. These offers were made in phase 1 alone, out of which, 11 offers came from Rakuten Mobile, Inc. International offers also came from companies such as Glean, Micron Technologies, Honda R-D, Cohesity, Da Vinci Derivatives, Accenture Japan, Hilabs Inc., Quantbox Research, MediaTek, Money Forward, Rubrik, Termgrid and Uber. About 199 offers were made by a total of 131 start-ups during both phases of IIT Madras placement.

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The highest number of offers came from the core engineering and technology sector (42 percent), followed by data science and analytics (17 percent), information technology and software development (17 percent) and research and development (10 percent). EXL Service made the highest number of offers (28), followed by OLA Mobility (27), EY India (23), American Express (22) and Microsoft India (19).

The management department of IIT Madras recorded 100 percent placement with all 61 MBA Students getting placed. IIT Madras placement job offers are significantly higher this academic session (2021-22) than the previous highest record of job offers set by IIT Madras placement during the 2018-19 academic year by registering 1,151 job offers, claims IIT Madras. “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,” said CS Shankar Ram, outgoing advisor (placement), IIT Madras.