IIT Madras Placements (Biotechnology): Highest and average CTC, total offers in past 5 years
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Ratika Kumari
- July 20, 2023
- 10:56 am
The placement trends in Biotechnology have seen many ups and downs in the last few years. The average salary of IIT Madras Biotechnology department has gone up from Rs 11.6 lakh per annum in 2017-18 to Rs 16.96 lakh per annum in the 2021-2022.
The Indian Institute of Technology Madras (IIT Madras) Biotechnology department has come a long way since its establishment in 2004. Today, the department has 4 major domains: Biological Sciences, Biomolecular Sciences, Computational Biology, and Biological Engineering. It also offers two integrated dual degree programs, Master of Science (MS) by research, Doctor of Philosophy (PhD) programs with an MTech Clinical Engineering which is also a multi institutional program and MTech program Bioprocess Engineering.
The department has a regular faculty of 33 members and hosts nearly 330 UG students in dual degree programs, 60 masters level students (MTech/MS), 200 doctoral scholars (PhD), 30 postdoctoral scholars and project staff and 13 technical and administrative staff.
The department is well-equipped with state-of-the-art facilities, including a biosafety level-3 laboratory, a flow cytometry facility, and a molecular biology core facility. The department also has strong research collaborations with other academic institutions and industry partners.
The IIT Madras Biotechnology department is committed to providing high-quality education and research in biotechnology. The department has produced many outstanding graduates who are now working in leading biotechnology companies and research institutes around the world.
The average salary of IIT Madras Biotechnology department graduates has seen a significant increase in the last 5 years, from Rs 11.6 lakh per annum in 2017-18 to Rs 16.96 lakh per annum in 2021-2022. However, the total number of offers has fluctuated during this time, with a decrease from 44 in 2017-18 to 31 in 2018-19, followed by an increase to 46 in 2019-20 and then a decrease to 38 in 2020-21.
The decrease in the number of offers in 2020-21 is likely due to the COVID-19 pandemic, which disrupted the global economy and led to a decline in hiring. However, the number of offers rebounded in 2021-22, with 67 offers made to IIT Madras Biotechnology graduates.
The overall trend of increasing salaries and fluctuating number of offers suggests that the demand for biotechnology graduates is strong, but the supply is also increasing. This is likely due to the growing popularity of biotechnology as a career choice, and the increasing number of universities offering biotechnology programs.
The future of biotechnology placements at IIT Madras looks bright, as the demand for biotechnology graduates is expected to continue to grow in the coming years. However, the number of offers may continue to fluctuate, depending on the state of the global economy.
IIT Madras Biotechnology Placements Seesaw in Last 5 Years
The average salary of IIT Madras Biotechnology department graduates has seen a significant increase in the last 5 years, from Rs 11.6 lakh per annum in 2017-18 to Rs 16.96 lakh per annum in 2021-2022. However, the total number of offers has fluctuated during this time, with a decrease from 44 in 2017-18 to 31 in 2018-19, followed by an increase to 46 in 2019-20 and then a decrease to 38 in 2020-21.
The decrease in the number of offers in 2020-21 is likely due to the COVID-19 pandemic, which disrupted the global economy and led to a decline in hiring. However, the number of offers rebounded in 2021-22, with 67 offers made to IIT Madras Biotechnology graduates.
The overall trend of increasing salaries and fluctuating number of offers suggests that the demand for biotechnology graduates is strong, but the supply is also increasing. This is likely due to the growing popularity of biotechnology as a career choice, and the increasing number of universities offering biotechnology programs.
The future of biotechnology placements at IIT Madras looks bright, as the demand for biotechnology graduates is expected to continue to grow in the coming years. However, the number of offers may continue to fluctuate, depending on the state of the global economy
IIT Madras Biotechnology Placements: Asymmetrical Trends in Number of Placed Students
The number of placed students in the Biotechnology department at IIT Madras has shown an asymmetrical trend in the last 5 years. In 2017-18, 34 students were placed, followed by a decrease to 26 students in 2018-19. However, the number of placed students increased to 38 in 2019-20, and then decreased again to 37 in 2020-21. In 2021-22, the number of placed students jumped drastically to 54.
The reasons for this asymmetrical trend are not clear, but it is likely due to a combination of factors, such as the state of the global economy, the popularity of biotechnology as a career choice, and the quality of the students graduating from the Biotechnology department at IIT Madras.
The increase in the number of placed students in 2021-22 is a positive sign for the future of biotechnology placements at IIT Madras. It suggests that the demand for biotechnology graduates is strong, and that the department is producing high-quality graduates who are in demand by employers.
In the 2021-22 placement season, the institute achieved a commendable placement percentage of 56%. Among the various departments, Biotechnology secured placements with a minimum package of Rs 10 lakh per annum, while the highest package offered reached an impressive Rs 35.22 lakh per annum.
As the 2022-23 placement season unfolded, it witnessed a remarkable line-up of top-notch recruiters, including prestigious companies such as Texas Instruments, Bajaj Auto, Qualcomm, JP Morgan Chase, Proctor & Gamble, Morgan Stanley, Graviton, Mckinsey and Company, and Cohesity.
The institute’s consistent efforts and collaboration with leading corporations have evidently contributed to a successful track record of placements, benefiting students across various disciplines.
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