IIT Madras Concludes Phase I Of Campus Placements With Rs 19 Lakh Median Salary

IIT Madras has successfully completed its Phase I of placement (Dec 2023), despite the challenges posed by cyclone Michaung.

Indian Institute of Technology Madras (IIT Madras) (File Photo) ( Image Source :Alumni & Corporate Relations, IIT-M )

Chennai: The Indian Institute of Technology Madras (IIT Madras) has successfully completed its Phase I of placement (Dec 2023), despite the challenges posed by cyclone Michaung. The first day of placements marked a milestone for IITM, witnessing a record number of offers.  By the end of the first phase of placements, there was a substantial increase in hiring from the Core sector, along with a significant rise in international offers for postgraduate students compared to last year. The median salary of all the offers made by companies in Phase I was over Rs.19 lakh.

The placement process was carried out with equity and inclusivity, with more than 55% of the placed students hailing from socially and economically challenging backgrounds.  The Institute extends its sincere thanks to all the organisations who participated in the December 2023 placements.

IIT Madras has placed so far about 50% of the students. As the Institute prepares for its next Phase II of the placement process, it further extends a warm invitation to organisations who are looking for talented human resources to visit the campus and engage with the Placement and Internship office at the Career Pathway Centre of IIT Madras.

About IIT Madras

Indian Institute of Technology Madras (IITM) was established in 1959 by the Government of India as an ‘Institute of National Importance.’ The activities of the Institute in various fields of Science and Technology are carried out in 17 academic departments and several advanced interdisciplinary research academic centres. The Institute offers undergraduate and postgraduate programmes leading to B.Tech., M.Sc., M.B.A., M.Tech., M.S., and Ph.D., degrees in a variety of specialisations. IITM is a residential institute with more than 600 faculty and 9,500 students. Students from 18 countries are enrolled here. IITM fosters an active entrepreneurial culture with strong curricular support and through the IITM Incubation Cell.