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IIT Madras places over 80% of BTech/Dual Degree students and more than 75% of Master’s students

By   /  May 15, 2024  /  Comments Off on IIT Madras places over 80% of BTech/Dual Degree students and more than 75% of Master’s students

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CHENNAI : In the last two years, 90% of IIT Madras BTech and Dual-Degree graduates found career opportunities by the time of their convocation. With more than two months left for 2024 convocation, IIT Madras is on track again this year to hit this milestone.

As on 30th April 2024, IIT Madras has placed more than 80% of BTech/Dual Degree students and more than 75% of Master’s students this year.  During the year 2023-24 Phase I and Phase II of campus placements, 1,091 students were placed in 256 companies. In addition, out of 300 pre-placement offers 235 were accepted.

Companies from Japan, Europe and other countries made 44 international offers. Further, 85 start-ups made as many as 183 offers during this Phases I and II of campus placement. Of the placed students, 43% are in the core sector, followed by 20% in software, and less than 10% each in analytics/finance/consulting and data science.

Regarding placement of PhD research scholars, unlike a coursework-based study, the PhD program, is a non-time bound program, and thus their placement timeline may not match with course-based programs.  Many PhD students complete their PhD thesis Defence very close to the convocation. Many of them get placed within a few months after the convocation.

A majority of the PhD students prefer post-doctoral or faculty positions. In addition, the PhD graduates being specialized in certain core domains, their placement would involve customized connect to specific companies. A research scholar placement cell is planned from the coming academic year that will comprehensively address the issues stated above.

This year median and average salary is ₹19.6 Lakhs and ₹ 22 Lakhs respectively.

Speaking about the placements, Prof. V. Kamakoti, Director, IIT Madras, “I am happy to see that past year trends are continuing this year in placements. So, parents need not worry about the career path of their children at IIT Madras. While job placements are an important career path to take, we would like more of our students to take up entrepreneurship and provide jobs to others. This is in line with our target of 100 tech startups next year.”

Further, Prof. Satyanarayana Gummadi, Dean (Students), IIT Madras, said, “The Career Pathway Centre at IIT Madras helps students explore all career pathways and identifies varied employment opportunities. I am happy to see that despite a tough year, our students are in demand.”

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