US-based renowned technology company Intel was the top recruiter at Indian Institute of Technology, Madras (IIT Madras) in campus placements 2016-17. Placement Advisor of IIT Madras, Mr. Manu Santhanam revealed that Intel hired 29 students, and all these students were from Computer Science domain. The highest package offered was $180,000, i.e., Rs. 1.15 crore per annum. However, Mr. Santhanam did not disclose the name of the company that offered the highest package this year. He further mentioned that there has been a 5% increase in the average and median salary offered this year.
According to the official placement report of IIT Madras, the following companies are the top recruiters: -
- Cognizant Technology Solutions
- Samsung R&D
The number of start-ups that took place in campus placements this year is not satisfactory. Only 53 start-ups visited the campus and hired the students. Last year, 139 start-ups took part in the campus placements.
Since several start-ups failed to keep their promise, regarding the job offers earlier, IIT Madras has been more cautious in inviting the start-ups to campus placements. This is one of the reasons for the decline in the number of start-ups participated in campus placements this year. The students who were not able to get into start-ups last year got the chance to take part in placements this year.
Even though there were fewer start-ups this year, several renowned companies like Intel and Public Sector Undertakings (PSUs) took part in placements and offered a sufficient number of jobs. However, there were some top IT companies that did not visit the campus this year.
This year, 39 students bagged jobs in various PSUs that include: -
- Coal India
According to the convocation data of IIT Madras, almost all the students of the batch either secured jobs or opted for higher studies. Some students started their careers as entrepreneurs.