IIT Madras Placements 2022 records about 10% higher offers on day one

NEW DELHI: Indian Institute of Technology (IIT) Madras recorded a total of 445 placements at the end of session 1.1 on day 1 for phase 1 of IIT-M placements 2022. This number shows nearly 10 percent increase in placement offers than last year.

The phase-1 of placements will be held till December 7, 2022. A total of 1,722 students have registered for the IIT-M placements across various streams while 331 companies are participating for phase-1 placements this year. The participating companies will be recruiting only 722 profiles.

Multiple companies that were earlier recruiting only in phase-1 also opted to give pre-placement offers (PPOs). A total of 25 offers with a pay package of over Rs 1 crore per annum have been received at the end of session 1.1. In addition to this, a total of 15 international offers were seen from four companies.

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The main recruiters this year include companies like Microsoft, Graviton, Flipkart, Texas Instruments, Bajaj Auto, Bain and Company, Goldman Sachs, Qualcomm, Boston Consulting Group, JP Morgan Chase and Co, P&G, Optiver, Morgan Stanley, and McKinsey. Public sector companies such as ONGC and Centre for Development of Telematics (CDoT) will be recruiting at IIT Madras.

Top Recruiters of Session 1.1

• Texas Instruments– 14 offers
• Bajaj Auto Ltd and Chetak Tech Ltd– 10 offers
• Qualcomm– 8 offers
• J P Morgan Chase and Co– 9 offers
• Proctor and Gamble– 7 offers
• Morgan Stanley– 6 offers
• Graviton– 6 offers
• McKinsey and Company– 5 offers
• Cohesity– 5 offers

Commenting on this year’s placements, IIT Madras, advisor (placement), Sathyan Subbiah said: “Our students have done well in the interviews and I am happy see them bag attractive placement offers. Earlier, IITM students have already done well in their internships and have attracted many PPOs this year. It is great to see the confidence that companies are placing in IIT Madras trained students, even during the relatively challenging economic times.”

Sharing his experience on the placement, student from department of computer science and engineering, Akshith E, who secured an international offer of over Rs 1 Crore for a software engineering role said: “I am delighted to receive this dream offer. A huge thanks to the placement team and the institute for their support during both the preparation and interview process.”

Another student from the department of computer science and engineering, Sanchit Gupta, who received an a domestic offer of over Rs 1 Crore for as a software developer in an high-frequency trading company, said: “The streamlined placement process managed by the placement team helped me focus on giving the interviews calmly rather than worrying about logistics. I am happy to have this dream opportunity and thank my professors and the parents, because of whom I could clear the interviews.”