The Indian Institute of Technology (IIT) Madras on Wednesday as of April 30th, 2024, over 80% of BTech/Dual Degree students and more than 75% of Master’s students have been placed for career opportunities. In the past two years, 90% of graduates found employment by convocation time. During the 2023-24 Phase I and Phase II of campus placements, 1,091 students secured positions across 256 companies. Additionally, 235 out of 300 pre-placement offers were accepted.
Companies from Japan, Europe and other countries made 44 international offers. Further, 85 start-ups made as many as 183 offers during 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 are specialized in certain core domains, their placement would involve customized connect to specific companies. A research scholar placement cell is planned for the coming academic year that will comprehensively address the issues stated above.
This year’s median and average salary is ₹19.6 Lakhs and ₹ 22 Lakhs respectively.
Speaking about the placements, Prof. V. Kamakoti, Director, IIT Madras said, “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, added, “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.”
Original News Link
https://www.timesnownews.com/education/iit-madras-places-over-80-of-btech/dual-degree-students-and-more-than-75-of-masters-students-article-110152481
