In a landmark achievement, a student from IIT Madras received a pre-placement offer (PPO) worth over ₹4.3 crore from Jane Street, a renowned Wall Street trading firm.
This pay package, which includes salary, bonus, and relocation costs, is the highest offer made to an IIT Madras student this year. The student, who had interned at Jane Street, is set to join the firm as a quantitative trader in Hong Kong.
This offer reflects the rising demand for top tech talent from premier Indian institutions. Apart from Jane Street, major companies like BlackRock, Glean, and Da Vinci have extended packages exceeding ₹2 crore at other IITs. APT Portfolio and Rubrik have offered over ₹1.4 crore, while firms like Databricks and IMC Trading have proposed salaries above ₹1.3 crore.
Other notable offers this year include Quadeye’s ₹1 crore package, Quantbox and Graviton at ₹90 lakh, DE Shaw with ₹66–70 lakh, and Microsoft exceeding ₹50 lakh. Final placements began on Sunday across IIT campuses, including Delhi, Bombay, Kanpur, Roorkee, Kharagpur, Guwahati, and BHU.
Top firms like Qualcomm, Microsoft, Goldman Sachs, and Bajaj Auto participated in the recruitment. Reports suggest placement trends this year are more positive than last year.
If accepted, Jane Street’s PPO will surpass all other offers this season. The company has not yet commented on the development.
Phase I of the 2024-25 placement season at IIT Kharagpur commenced on December 1, delivering impressive results on the first day. Over 800 job offers, including PPOs, were extended to the graduating batch.
Despite a challenging job market, global firms participated actively in the recruitment process. Nine IIT Kharagpur students received offers exceeding ₹1 crore, with the highest package recorded at ₹2.14 crore. Additionally, 13 students secured international roles.
Major recruiters included Apple, Google, Microsoft, DE Shaw, Capital One, and Databricks, demonstrating strong demand for IIT Kharagpur’s talent pool.
(By arrangement with livemint.com)
