IIT Madras placements 2022-23: 25 offers with pay packages above Rs 1 crore made on Day 1

 The Indian Institute of Technology Madras, IIT Madras, day 1 of placement for 2022-23 academic year, was concluded on December 1, 2022. And, a total of 445 offers were made at the end of session 1. This year, IIT Madras placements made history with its pre-placement officers (PPOs). It is around 10% higher than last year’s figure of 407.

Many companies that were earlier recruiting only in Phase I of placements, have this year opted to give PPOs also, which are the result of a robust internship program at IIT Madras.

A total of 25 offers with pay packages in excess of Rs. 1 crore per annum were received at the end of Session 1.1. A total of 15 International Offers were received from four companies at the end of Session 1.1. The total number of companies that have registered for Phase I Placements is 331 and they will be recruiting for a total of 722 profiles.

“Placement is the most important festival of IIT Madras. There are great expectations from both parents and students. I am sure the students are very excited. We have got some of the major companies who have come for the placements. I am sure this year it will be rewarding both for the recruiters and for the students," says Prof. V. Kamakoti, Director, IIT Madras.

MAJOR RECRUITERS OF THIS YEAR AT IIT MADRAS

The main recruiters at this year's Placements cell include Microsoft, Graviton, Flipkart, Texas Instruments, Bajaj Auto, Bain and Company, Goldman Sachs, Qualcomm, Boston Consulting Group, JP Morgan Chase & Co, P&G, Optiver, Morgan Stanley, and McKinsey.

The top recruiters of session 1.1 include: 

• Texas Instruments – 14 offers
• Bajaj Auto Ltd. & Chetak Tech. Ltd. – 10 offers
• Qualcomm – 8 offers
• J P Morgan Chase & Co – 9 offers
• Proctor & Gamble – 7 offers
• Morgan Stanley – 6 offers
• Graviton – 6 offers
• McKinsey & Company – 5 offers
• Cohesity – 5 offers

Source: India Today