IIT Madras records 32% increase in internships on day one; 15 international offers

NEW DELHI : The Indian Institute of Technology (IIT) Madras recorded an increase of 32 percent in internship offers received on day 1 of campus internship placement drive for the 2022-23 batch with 221 students getting placed and 15 international offers. The Day 1 of the internship drive was held in two sessions on August 6 and 13.

While there was a 48 percent increase in the number of students who secured an internship, the number of companies that visited IIT Madras for internship placement rose to 48%.

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The top recruiters who participated in the internship placement drive were Texas Instruments (40 offers), American Express (20 offers), Boston Consulting Group (17 offers), and Goldman Sachs (16 offers).

IIT Madras internship offers

The international internship offers came for profiles in the US, UK, Hong Kong, Singapore, and The Netherlands. Of the total 37 companies that participated in Day 1 sessions of the internship drive, 13 companies conducted the interviews in physical mode on campus while another 24 conducted interviews completely online. Students could also attend the process remotely with one student attending from Canada.

Nikhil Pai, Student Internship Head, IIT Madras, said, “The Internship Team planned in advance to target specific sectors and bring in new companies to bridge the supply-demand between companies and students. This resulted in an increase in the number of students getting internships. A special focus was placed on international firms in order to get better exposure to students.”

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Sharing their experience of getting internships, Abdullah Mohammed, an IIT Madras student who secured an international internship offer at Tower Research Capital LLC during this Internship Drive, said, “The internship drive this year presented a much wider range of opportunities for aspirants. With sectors such as quantitative finance and scientific computing gaining traction among students in recent times, the internship team did a fantastic job of on-boarding more firms this year to satiate the needs of the student community.”

Mevit Mathew, another IIT Madras student who secured an internship offer at Bain and Company, said, “Having never been exposed to a hybrid mode of recruitment, the induction of the students into the process felt seamless. The process was made more accessible and inclusive by the institute than ever, owing to the new policies drafted this year and practices followed.”