The most campus placements were made at IIT Madras during the most recent academic year
The highest income offered was $250,000 or Rs 1.9 crore, and the average salary provided to students during placements was Rs 21.48 lakh per year.
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With 1,199 offers issued to students throughout the year, IIT Madras had the most campus placements in a single academic year. There were 231 additional pre-placement offers made to students, bringing the total to 1,430.
The highest compensation offered was $250,000, and the average salary given to students during placements was Rs. 21.48 lakh per year (around Rs 1.9 crore).
The 1,430 offers surpass IIT Madras' previous record-breaking year of 2018–19, which saw a total of 1,151 offers.
For the school year 2021–2022, up to 380 organisations issued offers to students during phases 1 and 2. Companies have given offers to 80% of students who selected for placements.
In all phases, 131 businesses made 199 offers, according to IIT Madras.
With regard to hiring in India, the top employers were EXL Service (28), Ola Mobility (27), EY India (23), American Express (22), Microsoft India (19), IQVIA (18), Larsen & Toubro (17), Enphase Energy (17), Qualcomm (17), Kotak Mahindra Bank (17), Bajaj Auto (15), Texas Instruments (15), TVS Motor Company (14), Deloitte India (14), Intel (14), Wells Fargo (13), Goldman Sachs (12).
During phase 1, 45 overseas offers were submitted by 14 businesses. In addition to Rakuten Mobile, the other companies that made offers included Glean, Micron Technologies, Honda R&D, Cohesity, Da Vinci Derivatives, Accenture Japan, Hilabs Inc., Quantbox Research, MediaTek, Money Forward, Rubrik, Termgrid, and Uber. Eleven of these offers were from Rakuten Mobile.
Core engineering and technology received the most offers, accounting for 42% of all offers. IT and software development received 17% of offers, and data science and analytics received a similar percentage. 10% of offers were in the field of research and development, 6% were in management, 6% were in the financial services industry, and 2% were in the field of education.
Placements provide a quantitative result of the value that academic institutions add to their pupils. Prof. CS Shankar Ram, resigning Advisor (Placement), IIT Madras, remarked, "We are delighted that our students have done extraordinarily well in the 2021–22 placements that have resulted in record–high employment offers.
Due to the competition for talent, IT businesses hired or sought to hire a record number of people during the academic year 2021–2022. IT organisations will be concentrating on a pyramid model where businesses have more employees with less experience at the bottom due to margin pressure. However, it is anticipated that less new employees will be hired in FY23 than in FY22.
