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The average pay package for IIT-Madras management students up 30%

The average pay package for IIT-Madras management students up 30%

This year specifically saw an increase in job opportunities in the consulting and analytics space, and there was a faster turnaround from companies, enabling an expeditious completion of final placements, IIT-M said. The institute added that DoMS had been achieving a 100% placement record consistently over years.

CHENNAI: Indian Institute of Technology- Madras (IIT-M) Department of Management Studies (DoMS) said on Monday that its students had recorded 100% campus placements this year for the academic year 2021-22, and the placement drive this year also saw the average salary (CTC) go up by 30.35% to Rs 16.66 lakh per annum.

“All the 61 students who had registered for campus placements secured and accepted job offers. Around 16% of students got pre-placement offers (PPOs), in which students interning at a company get job offers from the same firm,” IIT-M DoMS said.

The DoMS placements were conducted from December 1, 2021 through a virtual mode.

A total of 26 companies came for the recruitment drive, of which 55% (or 14 companies) were first-time recruiters. The top recruiters, in terms of job offers, included Amazon, CISCO, ICICI and McKinsey.

This year specifically saw an increase in job opportunities in the consulting and analytics space, and there was a faster turnaround from companies, enabling an expeditious completion of final placements, IIT-M said. The institute added that DoMS had been achieving a 100% placement record consistently over years.

“The lucrative offers by the recruiters reflect the quality of our students and our programme. DoMS is known for its excellence in high quality faculty, rigorous teaching and learning process. We expect more industry engagement in various domains in the future,” M Thenmozhi, head, Department of Management Studies, IIT Madras, said.

 

Original News Link

https://hr.economictimes.indiatimes.com/news/hrtech/payroll-and-benefits/average-pay-package-for-iit-madras-management-students-up-30/92495118