IIT Madras Student Bags Record-Breaking ₹4.3 Crore Job Offer

New Delhi: The 2024-25 placement season at the Indian Institutes of Technology (IITs) has begun with remarkable offers. A standout moment was a record-breaking job offer of ₹4.3 crore made to a Computer Science and Engineering student from IIT Madras. This offer, extended by the global trading giant Jane Street, includes base salary, fixed bonus, and relocation.

Key Highlights of the ₹4.3 Crore Job Offer

1. Company Offering the Job

• Jane Street, a leading global trading firm, extended the offer.
• The company is known for its expertise in quantitative trading and cutting-edge financial strategies.

2. Role Offered

• The student has been hired as a Quantitative Trader, a highly coveted role in the financial industry.

3. Location

• The job is based in Hong Kong, a global financial hub.

4. Route of Recruitment

• The offer was made through the Pre-Placement Offer (PPO) pathway.
• The student had previously interned with Jane Street, which paved the way for this high-value offer.

5. Composition of the ₹4.3 Crore Package

• The package includes:
  • Base Salary
  • Fixed Bonus
  • Relocation Allowances

6. Record-Breaking Achievement

• This is the highest annual salary package offered to any student in the 2025 batch across IITs.

The remarkable offer highlights the growing demand for Indian talent in the global quantitative trading sector and showcases the value of internships in securing lucrative roles. Let me know if you’d like to expand on this further! 😊

Impressive Placement Trends Across IITs

The 2024-25 placement season at the Indian Institutes of Technology (IITs) has begun on a high note, with exceptional offers being rolled out across campuses. Here’s a closer look at the standout trends:

1. Record-Breaking Offers

• IIT Madras: A ₹4.3 crore package from Jane Street to a Computer Science and Engineering student is the highest salary offered this year across all IITs.
• IIT Kharagpur: Over 750 job offers on Day 1, with the highest package of ₹2.14 crore and 11 students receiving offers exceeding ₹1 crore.

2. International Opportunities

• Several IIT students received international job offers, underscoring the global demand for IIT talent.
• Popular destinations include Hong Kong, Singapore, and the United States.

3. Top Recruiting Sectors

The placement session witnessed strong hiring across diverse sectors:

• Software and Technology: Companies like Google, Microsoft, and Apple dominated the session with high-paying roles in software development and AI-driven solutions.
• Finance and Analytics: Firms such as Jane Street, Quantbox, and Squarepoint Capital recruited for quantitative trading and analytics roles.
• Core Engineering: Traditional engineering roles continued to see robust participation, with industries focusing on infrastructure and renewable energy.
• Consulting and Strategy: Companies like McKinsey and BCG offered positions in strategic consulting.

4. Major Recruiters

Prominent global and domestic firms actively participated:

• Tech Giants: Google, Apple, Microsoft, Databricks, Glean.
• Finance and Trading: Jane Street, Graviton, Squarepoint Capital, Quantbox.
• Engineering and Others: Ebullient Securities, Samsara, and more.

5. Rising PPOs

• Pre-Placement Offers (PPOs): Internships have become critical to securing high-paying roles.
• This year saw a sharp rise in PPOs, with companies preferring to hire students who have interned with them.
  Sectoral Distribution of Offers in IIT Placements 2024-25The ongoing placement season across the Indian Institutes of Technology (IITs) has highlighted diverse opportunities for students across multiple sectors. Here’s a detailed breakdown of the sectoral distribution of job offers:

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  1. Software and Technology

  • Demand Drivers:
    Roles in software development, artificial intelligence, cloud computing, and cybersecurity are leading this category.
  • Top Recruiters:
    Google, Microsoft, Apple, Databricks, and Glean.
  • Popular Roles:
    • Software Developer
    • AI Specialist
    • Data Scientist
    • Cloud Engineer

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  2. Finance and Analytics

  • Demand Drivers:
    The financial sector’s growing reliance on data-driven decision-making has fueled the demand for analytics and trading experts.
  • Top Recruiters:
    Jane Street, Quantbox, Squarepoint Capital, Graviton, and Capital One.
  • Popular Roles:
    • Quantitative Trader
    • Financial Analyst
    • Risk Manager

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  3. Core Engineering

  • Demand Drivers:
    Traditional engineering fields continue to see demand, especially in infrastructure, manufacturing, and renewable energy.
  • Top Recruiters:
    Ebullient Securities, Samsara, and engineering-focused firms.
  • Popular Roles:
    • Mechanical Engineer
    • Electrical Engineer
    • Civil Engineer

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  4. Consulting and Strategy

  • Demand Drivers:
    Strategic consulting firms are recruiting IIT graduates for problem-solving roles in diverse industries.
  • Top Recruiters:
    McKinsey, Boston Consulting Group (BCG), and Bain & Company.
  • Popular Roles:
    • Strategy Consultant
    • Business Analyst

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  5. International Job Offers

  • Demand Drivers:
    Companies from Hong Kong, Singapore, and the US are actively hiring IIT graduates for global roles.
  • Popular Sectors:
    Quantitative trading, software development, and analytics dominate these offers.
  • Highlights:
    Nine international offers were made at IIT Kharagpur, including the record-breaking ₹4.3 crore package from Jane Street.

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Conclusion

The record-breaking offer at IIT Madras exemplifies the increasing demand for Indian talent in global markets, especially in quantitative trading and technology-driven roles. With such strong placement trends, IITs continue to solidify their reputation as premier institutions for world-class talent.

By Shehnaz Shaikh
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