IIT Madras Earns CAS Silver-Level Recognition, Strengthening Actuarial Training and Industry Access
The Department of Mathematics at IIT Madras has been awarded Silver-Level Recognition by CAS, marking a significant milestone in advancing actuarial education and industry collaboration.
IIT Madras Earns CAS Silver-Level Recognition
The Department of Mathematics at the Indian Institute of Technology (IIT) Madras has been awarded Silver-Level recognition by the Casualty Actuarial Society (CAS) under its University Recognition Program, acknowledging the department’s commitment to excellence in actuarial education. Speaking about this recognition, Prof. Neelesh S. Upadhye, Department of Mathematics, IIT Madras, said, “This recognition celebrates our department’s robust offerings in stochastic processes, regression, financial mathematics, and data analytics - areas at the heart of modern actuarial science.” As a Silver-Level partner, IIT Madras will gain exclusive benefits including:
- Priority placement opportunities for students in CAS summer programs
- Access to a rich repository of CAS teaching materials and case-study libraries
- Invitations to the prestigious annual General Insurance Teachers Conference
- Sponsored on-campus events and virtual sessions with CAS professionals and industry experts
Department of Mathematics at IIT Madras
The Department of Mathematics at IIT Madras offers a comprehensive range of undergraduate, master’s, and doctoral programs spanning pure and applied mathematics, statistics, and financial modelling. Renowned for its academic rigour and research excellence, the department actively collaborates with industry partners to equip students for leadership roles in academia, finance, technology, and actuarial science.
Further, Prof. Neelesh S. Upadhye said, “We thank the CAS for this opportunity and look forward to deepening our collaboration through faculty development workshops, student summer-program placements, and joint research initiatives.”
“We are thrilled to honor IIT Madras through the CAS University Recognition Programs,” said Joyce Warner, Chief Business Officer of the Casualty Actuarial Society. “We encourage all institutions committed to general insurance actuarial science programs to apply for the level that aligns with their programs.”
This recognition is valid for the 2023–2026 cycle, during which the Department of Mathematics will continue to deepen its commitment to actuarial education and industry engagement while advancing program development and pursuing higher levels of collaboration and academic excellence.
Read More
The highest package offered and the number of offers made in top IITs during 2023 placements is presented in the following table:
| IIT Name | the highest Package (2023) | No. of Offers (2023) |
|---|---|---|
| IIT Madras | INR 1.31 crore per annum | 1,612 |
| IIT Delhi | INR 2.40 crore per annum (international) | 1,300 |
| IIT Bombay | - INR 3.67 crore per annum (international) - INR 1.68 crore per annum (domestic) |
1,788 |
| IIT Kanpur | INR 1.90 crore per annum (domestic)* | 1,200* |
*The placement details are fetched from media reports.
The IIT Madras the highest package offered to M.Tech students during 2023 placements was INR 54.21 LPA. As per the reports, 32 PPOs were also attracted. The important details related to IIT Madras M.Tech placements are depicted below:
| Particulars | MTech Placement Statistics (2023) |
|---|---|
| the highest package | INR 54.21 LPA |
| Median package | INR 15 LPA |
| the lowest package | INR 6 LPA |
PPOs received |
32 |
Offers above INR 30 LPA |
43 |
Offers between INR 25 LPA - INR 30 LPA |
16 |
Offers between INR 20 LPA - INR 25 LPA |
24 |
Offers between INR 15 LPA - INR 20 LPA |
67 |
Offers between INR 10 LPA - INR 15 LPA |
53 |
Offers between INR 5 LPA - INR 10 LPA |
62 |
Follow Shiksha.com for latest education news in detail on Exam Results, Dates, Admit Cards, & Schedules, Colleges & Universities news related to Admissions & Courses, Board exams, Scholarships, Careers, Education Events, New education policies & Regulations.
To get in touch with Shiksha news team, please write to us at news@shiksha.com
Related News
Latest News
Next Story
The institute has released the 2024 placement report on the official website. However, there are no data points to conclude the placement statistics. The key highlights of IIT Madras placements 2024 are presented below:
Particulars
Placement Statistics (2024) (phase 1)
Median package
INR 19 LPA
Internship offers
19% increase compared with previous year
Placement rate
50% students placed
Top recruiters
JP Morgan Chase, Texas Instruments, Adobe
Note: The above-mentioned placement data is sourced from media reports and, hence may vary.