IIT Madras Student Bags Record-Breaking Rs.4.3 Crore PPO from Jane Street

In a historic moment for IIT Madras, a student received a pre-placement offer (PPO) worth over Rs.4.3 crore from Jane Street, a prominent Wall Street trading firm. This is the highest package offered at the institute during the current placement season.

Details of the Offer

The lucrative package, which includes salary, bonus, and relocation costs, was extended to the student who had previously interned with Jane Street. The student is set to join the firm as a quantitative trader at their Hong Kong office.

This offer surpasses all others made at IIT Madras this year, highlighting the rising demand for top tech talent from premier Indian institutions.

High Packages Across IITs

Jane Street’s Rs.4.3 crore PPO is not an isolated case. Other IITs have also seen significant offers this year:

• Rs.2 crore packages: BlackRock, Glean, Da Vinci.
• Rs.1.4 crore packages: APT Portfolio, Rubrik.
• Rs.1.3 crore packages: Databricks, IMC Trading.
• Other notable offers:
  • Quadeye: Rs.1 crore
  • Quantbox & Graviton: Rs.90 lakh
  • DE Shaw: Rs.66–70 lakh
  • Microsoft: Rs.50 lakh

Final placements began on Sunday at IITs, including Delhi, Bombay, Kanpur, Roorkee, Kharagpur, Guwahati, and BHU. Leading recruiters such as Qualcomm, Microsoft, Goldman Sachs, and Bajaj Auto have actively participated. Reports suggest this year’s placement trends are more optimistic than last year's.

IIT Kharagpur: Over 800 Offers in 24 Hours

Meanwhile, IIT Kharagpur has made headlines with over 800 job offers, including PPOs, extended on the first day of Phase I placements for 2024-25. The institute reported that nine students received packages exceeding Rs.1 crore, with the highest offer pegged at Rs. 2.14 crore. Additionally, 13 students secured international roles.

Major Recruiters

Top global firms like Apple, Google, Microsoft, DE Shaw, Capital One, and Databricks actively hired from IIT Kharagpur, showcasing strong demand for its talent pool despite a challenging job market.

The Big Picture

If accepted, Jane Street’s Rs. 4.3 crore PPO will outshine all other offers this season. It reflects the growing recognition of Indian tech talent on the global stage. With impressive packages and active participation from global firms, IIT placements this year indicate a positive hiring trend, offering hope amid a fluctuating job market.

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SUMMARY

An IIT Madras student has received a record-breaking pre-placement offer (PPO) worth Rs.4.3 crore from Jane Street, a top Wall Street trading firm. This package, which includes salary, bonus, and relocation costs, is the highest offered at the institute this year, with the student set to join as a quantitative trader in Hong Kong. Other IITs are also experiencing remarkable offers this placement season, with companies like BlackRock, Glean, and Da Vinci extending Rs.2 crore packages, while APT Portfolio, Rubrik, Databricks, and IMC Trading offered Rs.1.3–1.4 crore . Additionally, Microsoft, DE Shaw, and other prominent firms made notable offers. At IIT Kharagpur, the first day of placements saw over 800 offers, with nine students receiving packages above Rs.1 crore and 13 securing international roles. These trends highlight the strong demand for IIT graduates and a positive placement season despite global job market challenges.