As the placement season kicked off on December 1 at the Indian Institutes of Technology (IITs), early reports reveal encouraging trends from IIT Madras and IIT Kharagpur. Despite earlier concerns about some students receiving nominal packages or struggling to secure placements, these top institutes are now showcasing robust performance in the ongoing placement drive.
Placement at IIT Kharagpur
At IIT Kharagpur, students received an impressive 750 offers, including pre-placement offers, by the end of Day 1 in Phase 1 of the 2024-25 placement process, according to PTI. The highest package offered so far stands at a whopping Rs 2.14 crore. In addition, 11 students secured compensation packages exceeding Rs 1 crore, while nine received international offers.
The PTI report further added that major recruiters like Apple, Google, Microsoft, and Capital One have participated, with roles spanning through software, analytics, finance, banking, consulting, and core engineering. Companies that visited the campus for internships in July 2024 have also returned for the placement drive. The interviews are being conducted in a hybrid mode, with many companies opting for in-person interactions.
Placement at IIT Madras
At IIT Madras, a record-breaking package of Rs 4.3 crore has been offered by Jane Street, a prominent Wall Street trading firm, as per a TNN report. This package, which includes base salary, bonuses, and relocation benefits, has set a new benchmark for the placement season. Other notable offers include packages exceeding Rs 2 crore from firms like BlackRock, Glean, and Da Vinci. APT Portfolio and Rubrik have proposed offers of over Rs 1.4 crore, while Databricks, Ebullient Securities, and IMC Trading have extended offers exceeding Rs 1.3 crore.
The first day of placements saw participation from prestigious recruiters like Qualcomm, Microsoft, Goldman Sachs, Bajaj Auto, Ola Electric, Alphonso, and Nutanix. While early high-value offers are encouraging, the overall success of the placement season remains to be seen.
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