INR 4.3 Crore Job Offer to IIT Madras Engineering Student breaks record
IIT Madras Placements 2024 records incredible response from the industry. The whopping INR 4.3 crore job offer to the IIT Madras student showcases the growing demand for top talent in fields such as quantitative trading and technology.
IIT Madras Placements 2024: With the ongoing final placement season at IITs, one standout achievement has grabbed all the attention: an engineering student from Indian Institute of Technology (IIT) Madras has received a jaw-dropping INR 4.3 crore job offer. The offer, made by global trading giant Jane Street, includes base salary, fixed bonus, and relocation allowances for a quantitative trader role in Hong Kong.
IIT Madras Placement 2024 Highlights
This extraordinary job offer to IIT Madras software engineering student came via the pre-placement offer (PPO) route, extended to a computer science and engineering student who had previously interned with the firm. The student’s expertise and experience during the internship played a crucial role in securing the remarkable offer.
Placement Season across IITs
The IIT placement season has seen significant activity across multiple campuses. IIT Kharagpur, for instance, made over 750 job offers on the first day of placements for the 2024-25 session. High-paying roles in software, analytics, finance, and consulting sectors have been the most in demand. Additionally, nine students received international offers, with some even surpassing INR 1 crore in compensation packages.
IIT Placements 2024: Top Companies Offering High-Paying Roles
A host of prestigious companies, including Apple, Google, Microsoft, Capital One, and Quantbox, have participated in the placement season, offering lucrative roles across various domains.
The incredible INR 4.3 crore job offer to the IIT Madras student showcases the growing demand for top talent in fields such as quantitative trading and technology. With placements in full swing across IITs, students are set to secure rewarding career opportunities in 2024-25.
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Q: How is the placement scenario at IIT Madras for MTech?
The IIT Madras the highest package offered to M.Tech students during 2023 placements was INR 54.21 LPA. As per the reports, 32 PPOs were also attracted. The important details related to IIT Madras M.Tech placements are depicted below:
| Particulars | MTech Placement Statistics (2023) |
|---|---|
| the highest package | INR 54.21 LPA |
| Median package | INR 15 LPA |
| the lowest package | INR 6 LPA |
PPOs received |
32 |
Offers above INR 30 LPA |
43 |
Offers between INR 25 LPA - INR 30 LPA |
16 |
Offers between INR 20 LPA - INR 25 LPA |
24 |
Offers between INR 15 LPA - INR 20 LPA |
67 |
Offers between INR 10 LPA - INR 15 LPA |
53 |
Offers between INR 5 LPA - INR 10 LPA |
62 |
Q: How does the placement cell for M.E./M.Tech at IIT Madras assist students in getting placed?
Placement Cell at IIT Madras
The placement cell at IIT Madras is highly efficient and plays a crucial role in assisting students in securing lucrative job opportunities. Here are some key highlights:
* Companies visiting campus: Big brands like Google, Microsoft, Goldman Sachs, McKenzie, JP Morgan, Intel, Samsung, and many more visit the campus for placements.
* Package offers: The average salary package offered is around 10-12 LPA, with the highest package reaching up to 60-70 LPA.
* Recruitment process: The placement cell conducts mock interviews, group discussions, and other sessions to prepare students for the recruitment process.
* Core and non-core jobs: Both core and non-core job opportunities are available, catering to the diverse interests and skills of students.
* Internship opportunities: Many companies also offer internships to students, providing valuable industry exposure and experience.
* Efficient coordination: The placement cell efficiently coordinates between companies and students, ensuring a smooth placement process.
* Industry connections: Professors with industry connections facilitate partnerships between companies and students, leading to meaningful collaborations and job opportunities.
Overall, the placement cell at IIT Madras is dedicated to helping students achieve their career goals and secure rewarding employment opportunities.
Q: Is IIT Madras good for placement?
The number of offers made over the past three years of IIT Madras placements indicates an improving trend. It increased by nearly 43% from 2021 to 2022 and then increased further by almost 8% from 2022 to 2023. See the below table for a detailed analysis of the number of offers made in the past three years:
| Particulars | Placement Statistics (2021) | Placement Statistics (2022) | Placement Statistics (2023) |
|---|---|---|---|
| No. of offers | 1,046 | 1,491 | 1,612 |
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