IIT-M completes Phase I of placements, median salary crosses Rs 19 lakh

The Indian Institute of Technology Madras (IIT Madras) announced on Wednesday that it has successfully completed the first phase of placements despite the challenges posed by Cyclone Michaung. The institute highlighted that the first day of placements was a significant milestone, witnessing a record number of offers.

"By the end of the first phase of placements, there was a substantial increase in hiring from the core sector, along with a significant rise in international offers for postgraduate students compared to last year. The median salary of all the offers made by companies in Phase I was over Rs. 19 lakh," IIT-M stated.

The statement further revealed that more than 55% of the placed students came from socially and economically challenging backgrounds, and IIT Madras successfully placed approximately 50% of the students.


"As the Institute prepares for its next Phase II of the placement process, it extends a warm invitation to organizations seeking talented human resources to visit the campus and engage with the Placement and Internship office at the Career Pathway Centre of IIT Madras," it added.