IIT Madras Placements Chemistry Dips and increases in average CTC total offers in past 5 years

IIT Madras Placements (Chemistry): Dips and Increases in Average CTC, Total Offers in Past 5 Years

The Indian Institute of Technology, Madras (IIT-M) reported that 445 students were placed in the first phase of the 2022 placement session, out of which 25 students received packages of more than Rs 1 crore.

Data analysis – IIT Madras Chemistry
In the past five years, the total number of eligible students appearing for placements from the Chemistry department has been increasing. The number has increased from 38 in 2017-18 to 40 in 2021-22 session. The number had, however, dropped from 38 to 29 in 2018-19, and then jumped to 32 in 2019-20. It saw a significant increase in 2020-21 as the number of eligible students increased to 50. In comparison to 2020-21, the number of eligible candidates has decreased by 10 in the 2021-22 placement season.

Similarly, while the number of placed students and total offers have increased in comparison to the 2017-18 placement seasons, the number saw a decline in 2021-22 when compared to 2020-21.

The total number of offers in 2017-18 was 4, which increased to 15 in 2018-19 but has been declining since then, as it was 10 for two continuous years (2019-20 and 2020-21). It fell further down to 6 in 2021-22, which may be an effect of the Covid pandemic. The number of placed students, too, started from 4 in 2017-18, which increased to 14 in 2018-19, but fell again and stayed steady at 10 in 2019-20 and 2020-21. It further fell to 5 in 2021-22 placement season.

While other data sets have seen an increase in the 2021-22 placement season, the average salary has seen a decline in comparison to the 2017-18 season. The average salary was Rs 14.33 lakh per annum in 2017-18, which decreased to Rs Rs 6.93 lakh in 2018-19. The 2019-20 placement session saw an increase to Rs 7.8 lakh per annum, before once again falling down to Rs 6.06 lakh per annum in 2020-21. However, the average salary saw a good increase as it touched Rs 10.6 lakh per annum in 2021-22.

Some of the top recruiters of the 2022-23 placement season have been Texas Instruments, Bajaj Auto, Qualcomm, J P Morgan Chase, Proctor & Gamble, Morgan Stanley, Graviton, Mckinsey & Company and Cohesity, among others.

Courtesy : The Indian Express

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