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In a historic achievement, an IIT Madras student received a pre-placement offer (PPO) worth more than Rs 4.3 crore from famous Wall Street trading firm Jane Street. This is the highest package offered at IIT Madras during the current placement season.
This attractive package, including salary, bonus and relocation costs, is the biggest offer given to an IIT Madras student this year. The student, who previously interned at Jane Street, is set to join the firm as a quantitative trader in Hong Kong.
This record-breaking offer reflects the growing demand for top tech talent from leading Indian institutions. Major companies like Jane Street black RockGlynn and Da Vinci have overpriced packages 2 crores on the second IITAPT Portfolio and Rubrics offered 1.4 crore, while companies like Databricks and IMC Trading have offered salaries higher than this. 1.3 crores.
High offers in IIT
Other notable offerings this year include QuadEyes 1 Crore Package, Quantbox and Graviton 90 lakhs, with DE Shaw 66-70 lakhs, and Microsoft even more 50 lakhs. The final placements began on Sunday across IIT campuses including Delhi, Bombay, Kanpur, Roorkee, Kharagpur, Guwahati and BHU.
Top recruiters like Qualcomm, Microsoft, Goldman Sachs and Bajaj Auto have participated. Reports show that the placement trends this year are more positive than last year.
If accepted, Jane Street’s PPO would surpass all other proposals this season. The company has not yet commented on the development.
IIT Kharagpur Placement: 800+ offers in 24 hours
First phase of 2024–25 placement season IIT Kharagpur Launched on 1 December, yielded impressive results on the first day. The institute reported that more than 800 job offers, including pre-placement offers (PPOs), were extended to the graduating batch.
Despite the challenging job market, global companies actively participated in the recruitment process. Nine students received more offers 1 crore, highest package recorded 2.14 crores. Additionally, 13 students achieved international roles.
Major recruiters include Apple, Google, Microsoft, DE Shaw, Capital One and Databricks, reflecting the strong demand for IIT Kharagpur’s talent pool.
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