IIT Madras (IITM)

IIT Madras Placement 2024: Know Median Packages, Highest Packages, Top Recruiters 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

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Latest Updates:

  • IIT Madras 2023-2024 Final Placement Report for MBA has been Released.

IIT Madras MBA Placement concluded with a 100% placement rate. The MBA graduates received the Highest Salary Package at Rs. 29.65 LPA and the top 25% Average Package at Rs. 21.89 LPA. The IIT Madras Median Package is Rs. 16.39 LPA, and the Average Salary Package is Rs. 16.93 LPA.

The IIT Madras Placement Process involved 32 companies offering roles in Analytics, General Management, and Finance. Notable new recruiters included NTT Data, Garuda Aerospace, and Forge, alongside regular recruiters like P&G, McKinsey, and Accenture.

 

About IIT Madras Placements 2024: Phase 1 of IIT Madras Placements 2024 has concluded with 55% student placements. As per the Media report, the IIT Madras Median package is Rs. 19 LPA. Further, the institute boasts a 19% rise in core placements & a hike in international PG offers, compared to last year. The Final Phase preparations for the IIT Madras Placements have been started.

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. Top recruiters such as Microsoft, Goldman Sachs, McKinsey & Company, etc. have offered 1612 offers during the placements.

 

Table of Contents

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

IIT Madras Placements 2024: MBA Final Placement Report

IIT Madras MBA Placement concluded with a 100% placement rate. The MBA graduates received the Highest Salary Package at Rs. 29.65 LPA and the top 25% Average Package at Rs. 21.89 LPA. The IIT Madras Median Package is Rs. 16.39 LPA, and the Average Salary Package is Rs. 16.93 LPA.

 

ParticularsIIT Madras MBA Placements 2024
Placement Rate100%
Number of Recruiters140+
Number of Students Registered84
Male Students (%)65%
Female Students (%)35%
Freshers Candidate Percentage48%
Experienced Candidate Percentage52%
Average Experience1.1 Years
Highest Salary PackageRs. 29.65 LPA
Top 25% Average Salary PackageRs. 21.89 LPA
Average Salary PackageRs. 16.93 LPA
Median Salary PackageRs. 16.39 LPA
PPOs Percentage37% of the Batch
Highest Package (MS Batch)Rs. 20 LPA
Average Package (MS Batch)Rs. 14.37 LPA
Median Package (MS Batch)Rs. 14. 75 LPA
Highest Package (Tech MBA Batch)Rs. 48.29 LPA
Average Package (Tech MBA Batch)Rs. 27.37 LPA
Median Package (Tech MBA Batch)Rs. 21.59 LPA
Top RecruitersQualcomm, Honeywell, Microsoft, Goldman Sachs

 

IIT Madras Placements 2024: MBA Domain-wise Placement

IIT Madras MBA Domain-wise placements were in Analytics/IT, Sales & Marketing, Finance, General Management, and Operations. Roles offered ranged from Associate Consultant to Data Scientist and Business Analyst. The report also provides contact details for the Placement Manager at DoMS IIT Madras.

CoursePlacement Percentage 2024Roles Offered
Analytics/ IT31%
  • Associate Consultant
  • Data Scientist
  • Data Science Analyst
  • Business Analyst
Finance28%
  • Assistant Manager
  • Associate Advisor
  • Management Trainee
General Management20%
  • Assistant Manager
  • Future Leader Trainee
  • Lead Consultant
  • Project Management
Sales & Marketing12%
  • Product Analyst
  • Deputy Brand Manager
  • Management Trainee
Operations9%
  • Product Supply
  • Manager Supply Chain Analyst
  • Management Trainee

 

IIT Madras Placement Report 2024

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 Summer Internship Placement Report 2024

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 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 Vs Top IITs Placements

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 Placement

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.

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.

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 Placement

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 Sector-Wise Placements 2023 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 Year-Wise Placement Trends

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