IIT-Madras placement: 50% students placed in phase I

IIT Madras placement: Over 55 per cent of the placed students belongs to socially and economically challenging backgrounds.

IIT Madras concludes phase I of placement. (File photo)

IIT Madras placements: Despite the challenges posed by cyclone Michaung in Tamil Nadu, the Indian Institute of Technology Madras (IIT Madras) has completed phase I of placement. As per the institute, a record number of offers were made on day 1.

IIT Madras has placed so far about 50 per cent of the students.

Interestingly, there was a substantial increase in hiring from the core sector and 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.

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The placement process was carried out with equity and inclusivity, claims IIT-M. Further, more than 55 per cent of the placed students belongs to socially and economically challenging backgrounds.

Furthermore, as the institute prepares for its next Phase II of the placement process, it has invited organisations for hiring.

The government is also working on measures to “handhold” those hit by the high US tariffs, Sitharaman said.

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