The Indian Institute of Technology, Madras (IIT-M) started the Aerospace Engineering department in 1969 and mainly focuses on fundamental and applied research and development. This department offers graduate research programmes (PhD and Master of Science by research) as well as course-based programmes (MTech, Dual Degree and BTech).
Data analysis – IIT Madras Aerospace Engineering
In the past few years, the campus placement trend in the Aerospace Engineering department has seen highs and lows, but the average salary has specifically increased significantly. The average salary of IIT Madras Aerospace Engineering department has gone up from Rs 10.4 lakh per annum in 2017-18 to Rs 18.67 lakh per annum in the 2021-22 academic year.
The same cannot be said about the total number of offers, however, as it increased from 39 in 2017-18 to 64 the year after, but went down to 61 in 2019-20 and then to 56 in 2020-21. This decrease in total placement offers might have been a result of the emergence of the Covid pandemic, which had led to diminishing offers in the industry. The number, however, jumped drastically to 84 in 2021-22 academic year.
The number of placed students has increased from 35 in 2017-18 to 67 in 2021-22. It had increased from 35 to 56, then decreased to 50 and 49 in the following years, and ultimately jumped to 67 in 2021-22.
In 2021-22, the percentage of placement was 78, according to the data provided by the institute. The minimum package was Rs 6.5 lakh per annum and the maximum package in 2021-22 was Rs 46 lakh per annum for the Aerospace Engineering department.
The placement season for 2022-23 is still ongoing. Some of the top recruiters of the 2022-23 placement season till now 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