IIT Madras registers 15% increase in placement offers, breaks recordLast updated on Apr 30, 2019, 08:33 pm
The Indian Institute of Technology (IIT) Madras has concluded the campus placements for the session 2018-19 and recorded an increase of 15%, which is an all-time high.
A total of 964 students were placed, including 97 students who grabbed a pre-placement offer (PPO).
The placements were conducted in Phase I (December 1-8) and Phase II, which began in January, and has been completed now.
Around 1,300 students registered for the placement cycle in 2018-19
In session 2017-18, IIT Madras recorded 834 placements, which was in itself a record, and this year's placement rate smashes this one.
The number of PPOs made also increased from 114 in the preceding session to 136 this year, with various offers from leading companies like Goldman Sachs, Microsoft, and Qualcomm.
Meanwhile, approximately 1,300 students registered for the two placement cycles this year.
21 international offers among the total of 1,146
For the session of 2018-19, a total of 298 companies registered for the placement cycles at IIT Madras and gave out a total of 1,146 offers, including the PPOs.
Out of the 1,146 offers, 21 offers came from abroad.
The hike in the placement suggests that the industry has listed the institute at the top among the engineering colleges in the country.
Intel and Micron named top recruiters with 26 offers each
Meanwhile, Intel India Technology Pvt. Ltd. and Micron were named among the top five recruiters, who made 26 offers each.
The other three in the list were Citibank, Microsoft and Qualcomm which made 23, 22 and 21 offers respectively.
Moreover, this year, a total of 51 start-ups participated in the process and made 121 offers out of which 97 were accepted.
Core and IT sectors dominated the sector-wise breakdown
Alongside, the sector breakdown indicated that the 'core' and 'information technology' sectors still dominated as the top recruiters, just like last year.
The recruitment by the start-ups was led by IT sector with 21% and then Analytics (16%).
Moreover, this was the first time that all the leading consulting giants were present on campus for the process and Google marked its return to campus.
59 offers were explicitly for data science positions, says Professor
Prof. Manu Santhanam, Advisor, Training and Placement, IIT Madras, said, "This year saw a large number of profiles from companies in the data sciences and analytics sector, which clearly depicts the current industry trends. As many as 59 offers were explicitly for data science positions."