Chennai, 6 December 2017: Indian Institute of Technology (IIT) Madras has seen a considerable increase in the placements of postgraduate students during this year’s Placement Season. The Phase One of Campus Recruitment for 2017-18 is being held between 1st and 10th December 2017 with a break of one day (5th December 2017).
The figures based on the data of all registered Postgraduate Students including the Course-based and Research-based programs are:
Percentage of Postgraduate students placed has gone up to 49% at the end of Day Four this year (2017-18) from 39% at the same time last year (2016-17)
Placement among Research Scholars has gone up to 44% at the end of Day Four this year as compared to 25% same time last year
Overall placement figure among all registered student (excluding PPOs) is 52% this year at end of Day Four compared to 42 % at same time last year
Overall International offers stand at 22 at end of Day Four this year, compared to 10 for whole of last year
Speaking about the increase in Postgraduate Placements, Prof. Bhaskar Ramamurthi, Director, IIT Madras, said, “Postgraduate placements call for more creative matching of specialised job profiles to the knowledge and skills of candidates. Since IIT-M now has as many and more of PG students as UG students graduating, this significant increase in placement of PG students so early in the season is heartening. It also demonstrates that companies with high-end engineering and technology positions are thronging to IITM to recruit its highly-qualified PG students.”
Prof. Manu Santhanam, Advisor, Training and Placements, IIT Madras, said, “This increase shows that IIT-M students are being increasingly preferred for research-oriented positions by the Industry.”
This can be attributed to the efforts of the Institute Placement Team members to reach out to companies and inform them about the quality and coverage of the IIT-Madras Postgraduate programs.
Speaking about the first four days of Placement interviews at IIT Madras, he informed that 144 companies made more than 540 offers this year (2017-18) as compared to 122 companies making 493 offers last year (2016-17).
Giving a sector-wise breakup, he said Core and R&D account for 44% of the job offers, Finance/Consulting/Analytics – 33%, Information Technology – 22% and FMCG – 1%.
Prof. Manu Santhanam said that companies are looking for quality candidates with good academic credentials, especially for the Research Positions. There is a lot of emphasis on Domain Knowledge. Companies in Analytics/Consultancy sectors look for students with all-round experience.
Even though the ‘Graveyard’ session, which was held mainly to facilitate interviews with recruiters in the U.S., was scrapped this year, the total number of international offers has increased his year, said Prof. Manu Santhanam.
Mr. Ashok Kumar S., Research Affairs Secretary, IIT Madras and Head of Postgraduate Placements, IIT Madras, said, “The Placement Team identified specific companies looking at research positions, categorized them by sectors and matched this list with the Postgraduate/Research students of IIT Madras. The Research placement team had put special efforts in slotting the companies.”
Some of the companies like UIDAI, Qualcomm, Intel India, ABInBev and Bajaj Autos, had shown interest in recruiting Ph.D. scholars, many of whom had work on projects that attracted the interest of industries.
“Now many companies are opening up their R&D sectors in India and are working to attract top-notch talent,” added Mr. Ashok.