This year prove to be a good year for the IITs. Earlier in the QS World University Rankings 2018, IIT Delhi and IIT Bombay along with IISc ranked among world’s top 200 universities and now a record two fold jump in girls snaring jobs at IIT Madras placements 2016-17, almost double as many as last year.
The first phase of IIT Madras placement, started on December 1,2016 has 56 per cent of its registered students placed in 176 companies. There were total 14 sessions interviews in the first phase, in which 672 out of 1195 registered students were placed. Along with the 57 students who have accepted pre-placement offers, the total number of students placed in first session are around 729.
The second session of IIT Madras placements for 2016-17 has ended on a ‘high‘, with the number of students placed jumping to 769 and the number of girls found job placements nearly doubled over last year’s figure. Around 206 IIT Madras girl students have found job placements in 2016-17 placements compared to last year when only 109 girls found placements by various companies.
The first phase of placements was carried out from December 1 to 13, 2016, while the second phase began in January, ending in the placement of 769 students in all. The overall placement figure has marginally improved too, compared to the 725 students hired in 2016.
Multinational technology corporation Intel was the top recruiter this season, having picked up 29 students, mostly from the computer science stream. The other top recruiters included Citicorp Services, Samsung R&D centre Bangalore, E & Y, EXL Services, AXIS Bank, Cognizant Technology Solutions and EATON.
The improvement in the number of Job offers in this season 2016-17 is the direct result of the increase in the number of companies visited IIT-Madras to look for job aspirants and participated in the recruitment process.
This year, some 226 companies participated in the placement process and offered a total of 935 jobs, as compared to 2015- 2016, when 213 firms made 872 job offers. The number of pre-placement offers too went up marginally from 69 to 73.
Analysis of IIT Madras Placements
Data revealed from IIT Madras Placements official statics that around 75.15 per cent of B.Tech students, 73.75 per cent of dual degree and 61.44 per cent from post graduate degree (M.Tech) students along with other degree students recruited for this placements 2016-17.
After sector-wise analysis of placements, officials from IITM revealed that there was a drop in the number of companies from the financial, consulting and analytics sectors, but the deficit has been made up by the growing participation of IT companies. In terms of packages offered to students, there was a marginal increase in the average (and median) salary by about 5%. However, the institute’s policy does not allow it to reveal pay packages of placed students.
However, there was no major change with regard to recruitment of students for core or research and development sectors as compared to the previous year.
This season there was more participation by public sector under takings (PSUs) and central government agencies like the Navy, Oil and Natural Gas Corporation (ONGC), Indian Space Research Organisation (ISRO), Coal India, Hindustan Petroleum Corporation Limited (HPCL) and Centre for Development of Telematics (C-DOT) besides Bharat Electronics Limited (BEL).
While most students find jobs through the university’s placement cell, some job opportunities also come through their respective department faculty via out-of-placement offers. Some Students also choose to defer the placements by one year during which they may work on their own start-ups and start their career as entrepreneur, apply for higher studies and other programs or prepare for UPSC’s Civil Services and Engineering Services Examinations.
Officials from IITM also added that the current year’s complete exit data will be available in August, 2017.
About IIT Madras
The Indian Institute of Technology Madras is one of the most reputed institutes for technological education in India. IIT Madras is one of the foremost institutes of national importance in higher technological education as well as basic and applied research. Known for its strong relations with the industry, the Institute has always been a favourite destination of recruitment for many firms.
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