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IIT Madras: More than 80% of BTech/dual degree students, 75% of master's students placed

The Indian Institute of Technology (IIT) Madras on Wednesday announced that it has placed more than 80% of its BTech and dual degree students and 75% of master’s students this year, as of April 30.

During the first and second phases of 2023-24 campus placements, 1,091 students were placed in 256 companies.
Additionally, 235 out of 300 pre-placement offers were accepted by students, the institute said.

It said 44 overseas offers were made to students from companies, including those from Japan and Europe. Further, 85 startups made 183 offers during these two phases of campus placements.

This year the median salary offered to students is Rs 19.6 lakh per annum and average salary is Rs 22 lakh per annum, the institute 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,” said Satyanarayana Gummadi, dean (students), IIT Madras.

While 43% of the students have been placed in the core sector, 20% are in software and less than 10% each in analytics, finance, consulting and data science.

IIT Madras director V Kamakoti said, “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.”

In the past 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 the 2024 convocation, the institute hopes to hit the milestone again this year.