The Indian Institute of Technology, Madras, recorded 100% placement for its Department of Management Studies (DoMS) for the academic year 2021-22. The IIT Madras official stated that all the 61 students who had registered for campus placements secured and accepted job offers.
The IIT Madras officials stated that the placement was done virtually with Rs 16.66 lakh average salary being offered to the students per annum. They further added that the average cost to the company (CTC) increased by 30.35% as compared to last year.
Among 61, around 16% of students got Pre-Placement Offers (PPOs), in which students interning at a company got job offers from the same firm, it said.
Prof M. Thenmozhi, Head Department of Management, IIT Madras stated that the lucrative offers by the recruiters reflect the quality of our students and our programme. She further added that the DoMS is known for its excellence in high quality faculty and rigorous teaching and learning process.
She further added that companies including Amazon, CISCO, Deloitte, ICICI and McKinsey have recruited students. As many as 16% of students who had interned in a company were offered jobs in the same firm. A total of 26 companies came for the recruitment drive, of which 55 per cent or 14 companies were first-time recruiters. Amazon, CISCO, Deloitte, ICICI and McKinsey were among the top recruiters in terms of job offers.