IIT Madras (IITM)

IIT Madras Placements 2024: Highest Package, Median Package, Average Package Chennai, Tamil Nadu

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Placement

Highest and average package for MBA / PGDM

highest icon   HIGHEST
30.6 L
up icon   AVERAGE
20 L

Industry Average for MBA / PGDM

up icon  HIGHEST
15 L
arrow icon   AVERAGE
4.5 L

Placement Highlights

Sudeep Singh check

Latest Updates:

  • Summer Fellowship Program Application for 2024-2025: IIT Madras invites for the summer fellowship program applications. Interested candidates must submit the application form by 5 pm on 31 March 2024. A maximum stipend of Rs. 6000 per month stipend will be offered to all the selected candidates for this 2-month Summer Fellowship program.
  • The Phase 1 of IIT Madras Placements 2024 has been concluded. 55% of students are placed from economically and socially challenged backgrounds.
  • JEE Main 2024 Session 1 is scheduled from January 24 to February 1, 2024, while Session 2 will take place from April 1 to April 15, 2024
  • GATE 2024 Admit Card has been released at iisc.ac.in. The exam will take place on 3, 4, 10, and 11 Feb 2024. The results are expected to be released on 16 March 2024.

 

About IIT Madras Placements: Phase 1 of IIT Madras Placements 2024 has concluded with 55% student placements. As per the Media report, the Median package offered by the companies was Rs. 19 LPA. The institute quoted “There has been an increase of 19% in recruitment from the Core sector, as well as an in the international offers for PG students compared to last year.” This year we can expect great placement statistics after the completion of the Final Phase of IIT Madras Placements 2024. The Final Phase preparations have been started.

In 2023, IIT Guwahati had 1612 offers with the Highest Domestic Package of Rs. 1.31 Crores. Around 80% of the total registered students were placed. The institute has invited 480+ companies from various sectors, including IT, finance, consulting, FMCG, and core engineering. Based on reports, the IIT Madras had 25 offers of over Rs. 1 crore per annum. Additionally, 15 international offers were received from four companies. During the placements, IIT Madras received 350 PPOs, the highest number of pre-placement offers ever.

The  IIT Madras Highest Package offered to B.Tech during the Placements in 2023 was Rs. 1.31 Crore Per Annum. The Median package stood at Rs. 17 LPA. However, the Highest Package for M.Tech was Rs. 49.70 LPA. Further, the Highest Package for the MS, M.Sc, and MBA was Rs. 54.21 LPA, Rs. 19.71 LPA, and Rs. 30.66 LPA, respectively. The IIT Madras placement 2023 concluded with the MA and Ph.D. by offering the highest package of Rs. 26.57 LPA and Rs. 35.89 LPA, respectively. Top recruiters such as Microsoft, Goldman Sachs, McKinsey & Company, etc have offered a total of 1612 offers during the placements.

Table of Contents

  1. IIT Madras Placement 2024 Highlights
  2. IIT Madras Summer Internship Placement 2024 Report
  3. IIT Madras Placement 2023 Highlights
  4. IIT Madras Placement 2023 Top IITs Comparison
  5. IIT Madras Placement 2023 Course-wise
  6. IIT Madras Placement 2023 Sector-wise
  7. IIT Madras Placement Year-Wise Trends
  8. IIT Madras Placement 2023 Top Recruiters
  9. IIT Madras Alumni Network

IIT Madras Placement 2024 Highlights

IIT Madras Placements 2024 has concluded with a 55% placement rate. The Median Package during the placements was Rs. 19 LPA. Check out the table below for the IIT Madras Placements 2024 details.

IIT Madras Placements 2024Statistics
Median PackageRs. 19 LPA
Students Placed55%
Internship Offers19% increase from last year
Top RecruitersMicrosoft, JP Morgan, McKinsey & Company

IIT Madras Placement 2024: Summer Internship Report

IIT Madras invites for the summer fellowship program applications for the academic year 2024-2025. Interested candidates must submit the application form by 5 pm on 31 March 2024. A maximum stipend of Rs. 6000 per month stipend will be offered to all the selected candidates for this 2-month Summer Fellowship program. However, check out the IIT Madras summer internship placement report 2023- 2024. It had received 778 offers from 140+ recruiting companies and 231 PPOs (Pre-Placement Offers). Last year, the total number of offers was 858.

ParticularsSummer Internship Statistics 2023Summer Internship Statistics 2024
Number of Recruiters146140+
Number of Students Registered13301397
Total Number of Offersotal Number of Offers858778
Highest StipendRs. 2 Lakhs per monthRs. 2 Lakhs per month
Lowest StipendRs. 7.5 K per monthRs. 7.5 K per month
Top RecruitersAB InBev, Adobe, Flipkart, Axis Bank, BajajQualcomm, Honeywell, Microsoft, Goldman Sachs

 

IIT Madras Placement 2023

According to the official report, the institute recorded a whopping domestic package of Rs. 1.31 Crores per Annum. The institute received around 1612 job offers from 480+ recruiting companies. Check out the IIT Madras Placements 2023 details.

ParticularsPlacement Statistics (2023)
PPO350
No. of Offers1612
IIT Madras Highest PackageRs. 1.31 Crore per Annum
IIT Madras Lowest PackageRs. 5.40 LPA
Students received packages above Rs. 1 crore per annum25
No. of international offers15
Companies registered480+
Number of Offers Rs. 30 LPA172
Number of Offers between Rs. 25 LPA to Rs. 30 LPA48
Number of Offers between Rs. 20 LPA to Rs. 25 LPA135
Number of Offers between Rs. 15 LPA to Rs. 20 LPA312
Number of Offers between Rs. 10 LPA to Rs. 15 LPA226
Number of Offers between Rs. 5 LPA to Rs. 10 LPA152
Top recruitersMicrosoft, Goldman Sachs, McKinsey & Company
Top Job RolesSoftware Development Engineer, Analytics Core Engineer, etc.

 

IIT Madras Placement 2023: Top IITs Comparison

The IIT Bombay received the Highest package (International) of Rs. 3.67 Crore Per Annum in 2023. However, the Domestic Highest Package was offered at IIT Kharagpur, followed by IIT Delhi.

InstituteHighest PackageAverage PackageNumber of Offers
IIT MadrasRs. 1.31 Crore Per AnnumRs. 20.58 LPA1612
IIT DelhiRs. 2.5 Crore Per AnnumRs. 20 LPA1300
IIT Bombay

Rs. 3.67 Crore Per Annum (International)

Rs. 1.67 Crore Per Annum (Domestic)

Rs. 21.82 LPA1348
IIT KanpurRs. 1.9 Crore Per AnnumRs. 25 LPA LPA1200
IIT KharagpurRs. 2.68 Crore Per AnnumRs. 18.25 LPA1600
IIT RoorkeeRs. 1.30 Crore Per AnnumRs. 18.34 LPA500
IIT Guwahati

Rs. 2.40 Crore Per Annum (International)

Rs. 1.20 Crore Per Annum (Domestic)

Rs. 25.75 LPA1112
IIT HyderabadRs. 63.78 LPARs. 20.07 LPA586
IIT DhanbadRs. 56 LPARs. 16.98 LPA1154
IIT IndoreRs. 68 LPARs. 25.45 LPA228

 

IIT Madras Placement 2023: Course-Wise

The IIT Madras’ Highest package in 2023 was Rs. 1.31 Crore per Annum. The package was offered to the B.Tech, DD, and IDDD from Computer Science and Engineering. The Median package of the M.Tech was Rs. 15 LPA. Check out the IIT Madras Placements 2023 Course-Wise details from the table below:

CourseHighest PackageMedian PackageLowest Package
B.Tech, DD, and IDDD Rs. 1.31 Crore Per AnnumRs. 17 LPARs. 6 LPA
M.TechRs. 49.7 LPARs. 15 LPARs. 6 LPA
MARs. 26.57 LPARs. 10.95 LPARs. 5.4 LPA
MBARs. 30.66 LPA    Rs. 20.80 LPARs. 11 LPA
MS    Rs. 54.21 LPA  Rs. 15 LPARs. 6 LPA
M.ScRs. 19.71 LPARs. 9.62 LPARs. 6 LPA
Ph.D.Rs. 35.89 LPARs. 15 LPARs. 6 LPA

 

Read More:  IIT Madras Courses and Fees, IIT Madras Admission 2024 and  IIT Madras Cutoff,

IIT Madras Placement 2023: Sector-Wise

IIT Madras had 1612 job offers during the 2023 placements. Top Companies from various sectors were invited during this placement drive. IT/ ITES & Software sector placed the highest number of students with a 28.1% placement rate followed by the Core Engineering sector with 27.6%. Check out the IIT Madras Placements 2023 Sector-Wise details below:

CoursePlacement Percentage 2023Placement Percentage 2022Placement Percentage 2021
Core27.6%24.3%29%
IT/ITES & Software28.1%23.7%28%
Consulting14.3%--
R&D12.1%8.2%11%
Analytics10.9%16.3%21%
Education3.1%1.1%2%
Finance2.9%7.9%-
FMCG1%-1%
Management-18.4%-
Others--8%

IIT Madras Placements 2023 Sector-wise Placement Statistics


IIT Madras Placement 2023 :Year-Wise Trends

According to the official website, during the IIT Madras placements in 2022, more than 480 companies extended 1,491 job offers. Engineering and Technology emerged as the top sector, with 24.3% of students placed. Many students received salary packages between Rs. 10 LPA - and Rs. 15 LPA. For B.Tech, the highest package offered was Rs. 2.14 crore per annum, and for MTech students, it was Rs. 46.08 LPA. The median package for MS and MSc students was Rs. 15 LPA and Rs. 14 LPA, respectively. Moreover, the highest package recorded for MA and MBA courses was Rs. 22 LPA and Rs. 25.30 LPA, respectively, at IIT Madras.

Batch

IIT Madras Placements (2021)

IIT Madras Placements (2022)

IIT Madras Placements (2023)
Number of Companies Participated    256480+480+
Number of Students Placed72511991290+
Number of Offers    104614911612
Number of International Offers-4515
PPOs186231350
Highest CTCRs. 70 LPARs. 2.14 Crore Per AnnumRs. 1.31 Crore Per Annum
Median CTCRs. 20.58 LPARs. 21.48 LPARs. 21.40 LPA
Major SectorAnalytics / Consulting / FinanceCore Engineering, Data Science, AnalyticsCore Engineering, Consulting, Software, and R&D
Top RecruitersMicrosoft, Qualcomm, Goldman Sachs    Bajaj Auto, Goldman Sachs, JP MorganMicrosoft, Goldman Sachs, McKinsey & Company

IIT Madras Placement 2023: Top Recruiters

IIT Madras has a strong industry interface, with many top companies regularly visiting the campus for recruitment. Here are some of the top recruiters for IIT Madras placement:

  • Microsoft
  • Google
  • Amazon
  • Intel
  • Goldman Sachs
  • Morgan Stanley
  • Tata Group
  • Reliance Industries
  • Larsen & Toubro
  • Samsung
  • Apollo247
  • Apple 

IIT Madras Alumni Network

OrganizationsAlumni Number
Indian Institute of Technology, Madras2149
Amazon513
Google457
Microsoft454
Center For Innovation (CFI)285

Recruiters

284 Companies

Adobe
Dell
Amazon
American Express
Bank of America
Cognizant
Cisco
Boston Consulting Group
Bank of  India
Deloitte
Deutsche Bank
essar group
evalueserve
General Motors
geodesic information systems
goldman sachs
Hindustan Aeronautics Limited (HAL)
HPCL
IBM
infosys
Intel Technology India Pvt Ltd
Indian Oil Corporation Ltd (IOCL)
ITC
McKinsey & Co
morgan stanley
Google
ntpc
ongc
oracle
power grid corporation
samsung
shell technology
strand life sciences
symantec corporation
TCS
tower research capital
ubs
verizon data services
vmware
Wipro
Yahoo! Software Development Pvt. Ltd
M. N. Dastur & Company (P) Ltd
Carborundum Universal Limited
FLIPKART
iNautix Technologies
3DPLM Software Solutions Limited
A.A.S. Technologies Pvt. Ltd
Absolute Data Group
Airbus engineering
Allseas
BGR Energy Systems Limited
Blue Star
Brocade
Citrix
Coromandel Fertilisers Limited
Credit Suisse Business Analytics
Cummins India Pvt Ltd
DRDO
Eigi Equipment
Educational Media Research Centre
IVY Comptech
SURYAGEN
TAVANT TECHNOLOGIES
MphasiS
Altair
Centre for Development of Telematics (CDOT)
Citi Bank
Cosmic Circuits
embedUR systems
EPIC Systems
HCL Technologies
InfoTech
Intergraph
Renault Nissan
Robert Bosch
SUNTECH
TVS MOTORS
Whirlpool
ABB Limited
Amada Soft India Pvt. Ltd.
Analog Devices
Arista Networks
Ashok Leyland
Atkins
BioCon (P)Ltd.
BOC India Ltd
Bosch Ltd
Caterpillar
CoreEL Technologies
CRI - VALVES - FLOW CONTROL
EIL
Ericsson India Pvt Ltd
Facebook
FMC Technologies
Freescale
GALAXY
GE Healthcare
Honeywell
Hyundai Motors
Indian Navy
ISRO
Jindal Iron & Steel
JUNIPER
KALKI COMM. TECHNOLOGIES
L & T INFOTECH
LATENT VIEW
Lovely Professional University
Mahindra & Mahindra
MECON LIMITED
MICROSOFT(IT)
MU SIGMA
Nalco
National Instruments
NetApp
PHILIPS
Polycom
PROKARMA
Reflexis system India Ltd
Reliance Industries Ltd.
S. N. BHOBE
SAIPEM
Scope Services
SIMOCO
SKF
STRATA Retail
TATA MOTORS
TATA POWER
Technipp India
Texas Instrument
UNISYS
Vem Technologies
Volvo Limited
Xilinx
Zeus Bio-tech Ltd
ZS Associates
Zynga
Capital One Financial Services
EXL Services
ICRA
NIIT Ltd
Polaris Software
Price Waterhouse Coopers
Wockhardt Ltd.
Cypress
Muruguppa Group
Geometric
CA Technologies
Directi
Hero Motocorp
Larsen & Toubro ECC Division
Nomura Services India (P) Ltd.
Tata Consulting Engineers Ltd.
Tata Steel
Timken India Ltd.
Samsung India Software Operation(SISO)
SourceBits
Flytxt
Jones Lang Lasalle
ARM Embedded
Ittiam Systems
Mediatek
CommVault Systems India Pvt. Ltd., Hyderabad
Chrysler India Automotive Pvt. Ltd., Chennai
Efficient Frontier India, Chennai
Exeter Group, Bangalore
Global Scholar, Chennai
Paypal (I) Pvt. Ltd.
Qualcomm India Pvt. Ltd.
Open Silicon
Myntra Designs Pvt. Ltd.
Pramati Technologies
Target Corporation
GE India Technology Centre-JFWTC
Global Analytics India Pvt. Ltd.
Ansys-Fluent India Pvt. Ltd.
Sabre Travel Technologies Pvt.Ltd.
Citicorp Finance India Ltd.
Marvell Technology Group
Eaton
Transocean Inc.
APTINA IMAGING
Broadcom India research Pvt Ltd
Breakthrough Management Group International
Y Media Labs
Y2CF DIGITAL MEDIA PVT LTD
UEMGROUP
WSP India
Works Applications,co.ltd
Cadence Design Systems
EGain Communications
Energo Engineering Projects Limited
Fluidyn India
Honda R&D Co. Ltd.
InMobi
Infoaxe, Inc
Itaas India Pvt. Ltd.
K L University
Kalinga Institute of Industrial Technology
Leighton Welspun Contractors Pvt. Ltd.
LoudCloud Systems
National Council for Cement and Building Materials
Mewar University
Oceaneering International Services Limited
Pocket Gems
Rajiv Gandhi University of Knowledge Technologies
SAROJ EDUCATIONAL GROUP
ST - Ericsson India Pvt. Ltd.
Shimizu Corporation India Pvt. Ltd.
Snapdeal.com
Subros Limited
Sumitomo Chemical Co., Ltd.
Taiwan Semiconductor Manufacturing Company Limited
The South India Textile Research Association (SITRA)
B-ABLE
BeeHyv Software Solutions Pvt. Ltd
Egis India Consulting Engineers Pvt. Ltd
Finisar Malaysia Sdn Bhd
Deep Value Technologies
Ecologic Technologies (P) Ltd
Hewlett Packard, Analytics
Marvell India Pvt. Ltd.
Mishra Dhatu Nigam Ltd, Hyderabad
Bharati Shipyard
WORLD QUANT
Vignan University
VJ Coresoft pvt Ltd
Quest Global
Flex Trade
Pratap University
Trianz
Red Pine Signals
Chronous Corporation
Atomic Energy Regulatory Board
Rockwell Automation
United Breweries Limited
3S Capital
Amagi Media Labs
Aquatech Systems (Asia) Pvt Ltd
ARGA Investment Management
Bank Bazaar
CAE Simulation Technologies Pvt Ltd
CD-adapco India Pvt Ltd
COSMOL Multiphysics Pvt Ltd
Dev Factory
Disquare Solutions
Duniya Finance LLC
Easy Commerce
GlufTrade.com
Hiranandani Group of Companines
ISB(CAF) Center for Analytical Finance
KRDS Software Development Pvt Ltd
Krishna theja Educational Institutions
Lanxess India Pvt Ltd
Leslie E.Robertson Associates Consulting Ltd
Lera Technology Pvt Ltd
Limberlink Technologies
Lotus Environments
LSI Logic
Lucid Software Ltd
Maas360
Mobilemotion Technologies Pvt Ltd
Navya Biologics Pvt Ltd
Novartex International
NVDIA
Pipavav Defence and offshore Engg Co.
Power Research & Development Consultants
Pyrogreen Energy Pvt Ltd
ReaMetrix India Pvt Ltd
Renen Power
Roof For Two
Safran Engineering Services India
Schulumburger Asia Services Ltd
Schneider Electric
Shiv Nadar University
Sharif Metals International Sharjah
Security Performance Algorithm
Senao Networks
Snam Alloys Pvt Ltd
System Insights
Toshniwal Systems and Instruments Pvt Ltd
Tribi Systems
VizExperts
WhizRx Inc
Zebec Marine Consultants & Services

IIT Madras (IITM), Chennai - Placement Reviews

A

Abhijeet Dhal M.Tech/M.E Student

7 years ago

Overview 5/5

The infrastructure and opportunities in IIT Madras is one of the best in India. Being situated in one of the metropolis of India (Chennai) certainly add to its benefit. Chennai is also known as a important automobiles, manufacturing, IT and transportation hub. Campus is a beautiful wooded area in the heart of the city. There are state of the art laboratories, library, cafeteria and sports facilities.

Placement 4.5/5

Placement scenario is good. Last five years average placement has been around 80%. Companies like VISA, Microscoft, GE, Google, BOSCH have recruited

Salary Package  9 - 11 Lakhs

N

Nayan Khare Student

5 years ago

Best Engineering Institute in India!!! 5/5

IIT Madras does not need any description. The name itself speaks for itself. It is India’s most prestigious university. One can go and Google to find out all the details about the University. It is best in terms of education, campus life, placements and all other things.

Placement 4.5/5

Best in the industry!

V

Vikky Building technology and construction management Student

7 years ago

Collage review and ratings 5/5

Awesome collage which give importance to extra curriculum with studies. Collage mainly focus on research work. Best environment to grasp knowledge. Various functions are conducted throughout the year and student can grow in the choice of his field. Proud to be an iitian

Placement 4.5/5

Almost all students are placed

A

Alexi L B.Sc Student

6 years ago

Remembering those days 4/5

I did my graduation in Nursing from this college this college is under NTR University and this is a 4 years course and the total fees is Rs.. 3.5 Lac and total 4 years Hostel fees was Rs.. 1.5 Lac and there were 40 students in our batch

Placement 3/5

They have placements but i didn’t got placed in anywhere

P

Piyush Adwani B.Tech / B.E. Student

5 years ago

Most prestigious college in India!! 5/5

IIT Madras is counted among the most valued and prestigious institutions in India. It is the best institutional system for technical education with the bestest facilities for its students.

Placement 5/5

All the students are placed across many top companies in the world. Internships are also provided to each student.

A

Anonymous Student

6 years ago

One of the pioneers in technical education 4/5

IIT Madras is one the top and premier education provider in technical education (B.tech) and M.tech. I just love the college campus, faculties, infrastructure, curriculum etc.

Placement 4/5

Lot of job opportunities / internships for the student. Many good companies recruit from our college.

A

Abhinandhan B.Tech / B.E. Student

5 years ago

Its amazing college 4/5

For b.tech course the professors were awesome.We can interact with them and they help us a lot. In labs and practicals they help a lot to gain knowledge and clear our doubts

Placement 0/5

Very good and worthy packages based on semesters

S

Saipraneeth Reddy B.Tech / B.E. Student

6 years ago

My College Experience 4/5

My college has provided me a very good environment for learning. The faculty, resources, clubs and societies are the highlight of this institution.

Placement 3.5/5

We had 450 companies visiting us this session. I got placed in Cisco based on my understanding of technical skills.

IIT Madras (IITM), Chennai FAQs

Q-1

What is the placement scenario at IIT Madras?

IIT Madras has a very good placement record, with several top companies from various industries visiting the campus for recruitment. The average placement package for the B.Tech program is around 14-16 LPA, while the average package for MBA graduates is around 13-15 LPA.

Q-2

What is the average salary package offered to students during IIT Madras placements?

The average salary package offered to students during IIT Madras placements is around INR 12-15 lakhs per annum.

Q-3

Which are the top companies that participate in the IIT Madras placement process?

Some of the top companies that participate in the IIT Madras placement process include Microsoft, Google, Amazon, IBM, Flipkart, and Goldman Sachs.

Q-4

How many students participate in the IIT Madras placement process every year?

very year, thousands of students participate in the IIT Madras placement process. In 2023, 1,722 students registered for the placement process.

Q-5

What is the placement record of IIT Madras in recent years?

IIT Madras has a remarkable placement record with a high percentage of students receiving job offers from top companies every year. In 2023, the institute witnessed a placement rate of 93%, with 1612 offers from more than 350 companies.

Q-6

Which are the most sought-after branches during the IIT Madras placement process?

Computer Science and Engineering, Electrical Engineering, and Mechanical Engineering are the most sought-after branches during the IIT Madras placement process.

Q-7

How were the IIT Madras Placements for CSE?

The IIT Madras Placements for the CSE recorded this year was Rs. 2.04 Crore Per Annum. It is the Highest Package offered during the Placements.

Q-8

What was the Highest Package offered for the MBA at IIT Madras?

The IIT Madras MBA Highest Package was Rs 20.80 LPA during the 2023 placements. The placements for 2024 are still under process so the recent data will be updated soon after the report release.

Q-9

Is IIT Madras Good for an MBA?

Yes, IIT Madras is a great choice for pursuing an MBA. It offers good placements with an average package of Rs. 12 Lakhs per annum. During the Placement in 2023, IIT Madras’s Highest Package for an MBA was Rs. 20.80 LPA.

Q-10

What is the starting salary of IIT Madras?

The starting salary for the IIT Madras after placements is around Rs. 5 LPA and can go as high as 2.04 Crore Per annum.

Q-11

What is the IIT Madras Median Package in 2024?

As per the IIT Madras social media post, Phase 1 of the placements in 2024 has been concluded. It has recorded the Median package of Rs. 19 LPA. Till now, it has placed 55% of the total registered candidates. The final placements are expected to be completed by April 2024.