IIT Madras (IITM),Placement Highlights 2024
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.
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.
Particulars | IIT Madras MBA Placements 2024 |
Placement Rate | 100% |
Number of Recruiters | 140+ |
Number of Students Registered | 84 |
Male Students (%) | 65% |
Female Students (%) | 35% |
Freshers Candidate Percentage | 48% |
Experienced Candidate Percentage | 52% |
Average Experience | 1.1 Years |
Highest Salary Package | Rs. 29.65 LPA |
Top 25% Average Salary Package | Rs. 21.89 LPA |
Average Salary Package | Rs. 16.93 LPA |
Median Salary Package | Rs. 16.39 LPA |
PPOs Percentage | 37% 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 Recruiters | Qualcomm, 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.
Course | Placement Percentage 2024 | Roles Offered |
Analytics/ IT | 31% |
|
Finance | 28% |
|
General Management | 20% |
|
Sales & Marketing | 12% |
|
Operations | 9% |
|
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 2024 | Statistics |
Median Package | Rs. 19 LPA |
Students Placed | 55% |
Internship Offers | 19% increase from last year |
Top Recruiters | Microsoft, 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.
Particulars | Summer Internship Statistics 2023 | Summer Internship Statistics 2024 |
Number of Recruiters | 146 | 140+ |
Number of Students Registered | 1330 | 1397 |
Total Number of Offers | 858 | 778 |
Highest Stipend | Rs. 2 Lakhs per month | Rs. 2 Lakhs per month |
Lowest Stipend | Rs. 7.5 K per month | Rs. 7.5 K per month |
Top Recruiters | AB InBev, Adobe, Flipkart, Axis Bank, Bajaj | Qualcomm, 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.
Institute | Highest Package | Average Package | Number of Offers |
IIT Madras | Rs. 1.31 Crore Per Annum | Rs. 20.58 LPA | 1612 |
IIT Delhi | Rs. 2.5 Crore Per Annum | Rs. 20 LPA | 1300 |
IIT Bombay | Rs. 3.67 Crore Per Annum (International) Rs. 1.67 Crore Per Annum (Domestic) | Rs. 21.82 LPA | 1348 |
IIT Kanpur | Rs. 1.9 Crore Per Annum | Rs. 25 LPA LPA | 1200 |
IIT Kharagpur | Rs. 2.68 Crore Per Annum | Rs. 18.25 LPA | 1600 |
IIT Roorkee | Rs. 1.30 Crore Per Annum | Rs. 18.34 LPA | 500 |
IIT Guwahati | Rs. 2.40 Crore Per Annum (International) Rs. 1.20 Crore Per Annum (Domestic) | Rs. 25.75 LPA | 1112 |
IIT Hyderabad | Rs. 63.78 LPA | Rs. 20.07 LPA | 586 |
IIT Dhanbad | Rs. 56 LPA | Rs. 16.98 LPA | 1154 |
IIT Indore | Rs. 68 LPA | Rs. 25.45 LPA | 228 |
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:
Course | Highest Package | Median Package | Lowest Package |
B.Tech, DD, and IDDD | Rs. 1.31 Crore Per Annum | Rs. 17 LPA | Rs. 6 LPA |
M.Tech | Rs. 49.7 LPA | Rs. 15 LPA | Rs. 6 LPA |
MA | Rs. 26.57 LPA | Rs. 10.95 LPA | Rs. 5.4 LPA |
MBA | Rs. 30.66 LPA | Rs. 20.80 LPA | Rs. 11 LPA |
MS | Rs. 54.21 LPA | Rs. 15 LPA | Rs. 6 LPA |
M.Sc | Rs. 19.71 LPA | Rs. 9.62 LPA | Rs. 6 LPA |
Ph.D. | Rs. 35.89 LPA | Rs. 15 LPA | Rs. 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:
Course | Placement Percentage 2023 | Placement Percentage 2022 | Placement Percentage 2021 |
Core | 27.6% | 24.3% | 29% |
IT/ITES & Software | 28.1% | 23.7% | 28% |
Consulting | 14.3% | - | - |
R&D | 12.1% | 8.2% | 11% |
Analytics | 10.9% | 16.3% | 21% |
Education | 3.1% | 1.1% | 2% |
Finance | 2.9% | 7.9% | - |
FMCG | 1% | - | 1% |
Management | - | 18.4% | - |
Others | - | - | 8% |
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 | 256 | 480+ | 480+ |
Number of Students Placed | 725 | 1199 | 1290+ |
Number of Offers | 1046 | 1491 | 1612 |
Number of International Offers | - | 45 | 15 |
PPOs | 186 | 231 | 350 |
Highest CTC | Rs. 70 LPA | Rs. 2.14 Crore Per Annum | Rs. 1.31 Crore Per Annum |
Median CTC | Rs. 20.58 LPA | Rs. 21.48 LPA | Rs. 21.40 LPA |
Major Sector | Analytics / Consulting / Finance | Core Engineering, Data Science, Analytics | Core Engineering, Consulting, Software, and R&D |
Top Recruiters | Microsoft, Qualcomm, Goldman Sachs | Bajaj Auto, Goldman Sachs, JP Morgan | Microsoft, 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
- Amazon
- Intel
- Goldman Sachs
- Morgan Stanley
- Tata Group
- Reliance Industries
- Larsen & Toubro
- Samsung
- Apollo247
- Apple
IIT Madras Alumni Network
Organizations | Alumni Number |
Indian Institute of Technology, Madras | 2149 |
Amazon | 513 |
457 | |
Microsoft | 454 |
Center For Innovation (CFI) | 285 |
IIT Madras (IITM) Top Recruiters
Student's Rating for IIT Madras (IITM) , Chennai
Write a Review >Student's Reviews for IIT Madras (IITM) , Chennai
5
29-03-2018Nayan khare
Student
Best Engineering Institute in India!!!
Placement: Best in the industry!
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5
28-03-2018Piyush Adwani
B.Tech / B.E. Student
Most prestigious college in India!!
Placement: All the students are placed across many top companies in the world. Internships are also provided to each student.
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4
20-03-2017Anonymous
Student
One of the pioneers in technical education
Placement: Lot of job opportunities / internships for the student. Many good companies recruit from our college.
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5
13-02-2017Vikky
Building technology and construction management Student
Collage review and ratings
Placement: Almost all students are placed
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5
31-05-2016Abhijeet Dhal
M.Tech/M.E Student
Placement: Placement scenario is good. Last five years average placement has been around 80%. Companies like VISA, Microscoft, GE, Google, BOSCH have recruited
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4
07-11-2018Abhinandhan
B.Tech / B.E. Student
Its amazing college
Faculty: All are great in their respective fields mainly physics branch
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5
29-03-2018Nayan khare
Student
Best Engineering Institute in India!!!
Faculty: The faculty is the best here having doctors, PHD holders.
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5
28-03-2018Piyush Adwani
B.Tech / B.E. Student
Most prestigious college in India!!
Faculty: The faculty of the college is very good. Most of the teachers are doctors and all other are PHD holders. One can also find many lecturers from foreign universities.
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4
20-03-2017Anonymous
Student
One of the pioneers in technical education
Faculty: Lot of good teachers in our campus. Well educated, well informed faculties.
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5
13-02-2017Vikky
Building technology and construction management Student
Collage review and ratings
Faculty: All teachers are perfect
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4
20-03-2017Anonymous
Student
One of the pioneers in technical education
Exam: Based on School / 12th Class Result
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5
13-02-2017Vikky
Building technology and construction management Student
Collage review and ratings
Exam: State / National Entrance Exams
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5
31-05-2016Abhijeet Dhal
M.Tech/M.E Student
Exam: State / National Entrance Exams
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