Indore (Madhya Pradesh): Despite testing market times, IIT-Indore witnessed a remarkable 13 percent in average salary of graduating students so far even as highest package crossed Rs 1 crore for the first time.
Besides, the institute saw placement of 85 per cent students so far even as recruiters are still lined up on the campus for picking up graduating students.
Given current market scenario, IIT Indore claimed this placement season as stellar one, with placement statistics reaching new heights.
The placement season, which kicked off on December 1, 2024, saw participation from leading tech companies and Public Sector Undertakings (PSUs), setting a strong tone for the months that followed.
"This year witnessed a significant increase in the number and diversity of companies recruiting at IIT Indore. Notably, a large number of core engineering firms participated, offering a wide array of job roles to students. This expansion in participating companies reflects the growing recognition of IIT Indore graduates' capabilities across various industries," said IOT Indore PRO Sunil Kumar.
The graduating batch secured around 400 placement offers, with over 85% of B.Tech students placed as of today. With several companies still lined up to recruit, the placement rate is expected to climb even higher. Alongside lucrative job offers, some students have chosen to pursue higher studies at prestigious global universities, while a few are embarking on entrepreneurial ventures, showcasing the diverse paths IIT Indore students are taking.
Google, Goldman Sachs, BlackRock, Samsung among top recruiters
One of the most remarkable highlights of this placement season is the substantial increase in salary packages offered to students. The highest salary package offered has doubled compared to the previous year, surpassing the Rupees 1 Cr mark for the first time. The average salary also saw a healthy increase of 13%, reaching Rupees 27 Lakhs Per Annum, underlining the enhanced value companies see in IIT Indore graduates.
Over 130 companies have participated in the placement process, offering diverse roles across a wide range of sectors. These include IT, Automobile, Energy & Environment, Consulting, FinTech, Banking, Semiconductors, Construction, and more.
Top companies like Google, Databricks, Quadeye, Goldman Sachs, DE Shaw, Texas Instruments, Analog Devices, BPCL, HPCL, BEL, C-DOT, L&T, Mathworks, Jindal Stainless, ICICI Bank, HCL, Accenture, Deloitte, BNY Mellon, Mesh, ZS Associates, Optum, BlackRock, Samsung, PayTM, and Rashmi Group actively recruited from IIT Indore, demonstrating the high value placed on its graduates.
