IIT Madras Placements 2024: Highest Package, Average Package, Top Recruiters ,Adyar, Chennai

What’s new regarding IIT Madras placements 2024? According to media reports, 1,091 students were placed in phase I and phase II of 2023-24 placements. More than 80% of BTech/ Dual Degree and 75% of Master degree students have been placed till April 30, 2024. In addition to this, out of 300 PPOs offered 235 were accepted. The total count of participating companies stood at 256. Furthermore, 44 international offers were made. The IIT Madras average package and median package for the 2024 batch stood at INR 22 LPA and INR 19.60 LPA, respectively. The majority of students (40%) placed during IIT Madras placements 2024 received job roles in the Core sector, followed by 20% offers in the Software sector. 

Earlier, the 2023 placement drive concluded with 1,612 offers from more than 480 companies. The highest package offered to BTech and MTech students during IIT Madras placements 2023 stood at INR 1.31 crore per annum and INR 54.21 LPA, respectively. The median package offered to MS (Engineering Streams) and MSc (Science Stream) was INR 15 LPA and INR 9.62 LPA, respectively. Further, the IIT Madras highest package recorded for MA and MBA during placements 2023 was INR 26.57 LPA and INR 30.66 LPA, respectively. Moreover, the highest package offered to PhD students was INR 35.89 LPA. The top recruiters of placements 2023 were Amazon, Bajaj Auto Limited, EY India, Reliance, TCS, etc.

IIT Madras Placements 2023: 

  • A drop of nearly 39% was recorded in the highest package 2023 when compared with 2022
  • The number of offers made in 2023 increased by almost 8% when compared with 2022

IIT Madras Placements 2024: Highlights

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.

IIT Madras Highlights

IIT Madras Placement Report 2023: Highlights

IIT Madras has released its placements report for 2023. As per the report, 172 offers were presented above INR 30 LPA. Check the complete insights of IIT Madras placements 2023 and 2022 from the table below:

Particulars

Placement Statistics (2022)

Placement Statistics (2023)

No. of offers

1,491

1,612

Companies visited

480+

480+

PPOs

231

350

Highest package

INR 2.14 crore per annum

INR 1.31 crore per annum

Lowest package

INR 3 LPA

INR 5.40 LPA

Offers above INR 30 LPA

203

172

Offers between INR 25 LPA - INR 30 LPA

75

48

Offers between INR 20 LPA - INR 25 LPA

134

135

Offers between INR 15 LPA - INR 20 LPA

264

312

Offers between INR 10 LPA - INR 15 LPA

342

226

Offers between INR 5 LPA - INR 10 LPA

154

152

Offers less than INR 5 LPA 4 N/A
Popular recruiters Atlassian, Deloitte India, Capgemini American Express, Cogoport, Linecraft AI, SAP Labs

IIT Madras Placement Comparison with other IITs

The table below compares the 2023 placement data of IIT Madras with other closely ranked IITs:

IIT Name 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. 

IIT Madras Average Package 2023

The IIT Madras average package is yet to be released. However, the institute has released course-wise median, lowest, and highest package details for the 2023 drive. Take a look at the below table depicting the median package and lowest package offered during 2023 placements:

Course Median Package (2023) Lowest Package (2023)
UG (BTech, DD, IDDD)  INR 17 LPA INR 6 LPA
MTech INR 15 LPA INR 6 LPA
MS- Engineering Streams INR 15 LPA INR 6 LPA
MSc- Science Stream INR 9.62 LPA INR 6 LPA
MA (Humanities and Social Sciences) INR 10.95 LPA INR 5.40 LPA
MBA INR 20.80 LPA INR 11 LPA
PhD INR 15 LPA INR 6 LPA

Comparing the last two-year median package details, an improving trend was recorded in IIT Madras MBA and MTech courses. For UG (BTech, DD, IDDD), MS (Science streams), and PhD courses, the median package dropped from 2022 to 2023. Alongside this, the median package for MS (Engineering streams) and MA (Humanities and Social Sciences) has been stagnant over the past two years. For a better understanding, take a look at the below table depicting the IIT Madras placement package comparison for 2022 and 2023:

Course Median Package (2022) Median Package (2023)
UG (BTech, DD, IDDD)  INR 18 LPA INR 17 LPA
MTech INR 13.02 LPA INR 15 LPA
MS- Engineering Streams INR 15 LPA INR 15 LPA
MSc- Science Stream INR 14 LPA INR 9.62 LPA
MA (Humanities and Social Sciences) INR 13.69 LPA INR 10.95 LPA
MBA INR 15.35 LPA INR 20.80 LPA
PhD INR 16.50 LPA INR 15 LPA

IIT Madras Placements 2023: Top Recruiters

The list of recruiters that participated in the 2022-23 recruitment process is presented below:

IIT Madras Placements 2023: Top Recruiters
Amazon Big Basket Accenture Solutions
Axis Bank Caterpillar India Engineering Solutions Private Limited Addverb Technologies
Bain and Company Collins Aerospace BCG
Demolish Foods Deutsche India Private Limited JPMorgan Chase & Co.
Euler Motors Kotak Mahindra Bank Infoedge India Limited

Download:

IIT Madras Placement and Internship Report 2022-23

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IIT Madras - Indian Institute of Technology Admission Compare IIT Madras - Indian Institute of Technology with other IITs

Check out more on Indian Institute of Technology Placement in the below video:

IIT Madras Placements FAQs

Some of the frequently asked placement questions are mentioned below:

Q:   Is IIT Madras good for placement?

A:

The number of offers made over the past three years of IIT Madras placements indicates an improving trend. It increased by nearly 43% from 2021 to 2022 and then increased further by almost 8% from 2022 to 2023. See the below table for a detailed analysis of the number of offers made in the past three years:

ParticularsPlacement Statistics (2021)Placement Statistics (2022)Placement Statistics (2023)
No. of offers1,0461,4911,612
 

Q:   How is the placement scenario at IIT Madras for MTech?

A:

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:

ParticularsMTech Placement Statistics (2023)
the highest packageINR 54.21 LPA
Median packageINR 15 LPA
the lowest packageINR 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
 

Q:   What is the highest package at IIT Madras?

A:

The overall the highest package for the academic year 2022-23 stood at INR 1.31 crore per annum and was grabbed by UG students (BTech, DD, and IDDD). The highest package offered to the 2022 passing-out batch was INR 2.14 crore per annum. Looking at the past three years' record, year-on-year growth was recorded in the highest package. The following table represents the IIT Madras the highest package trends for better clarity:

Particulars

Placement Statistics (2021)

Placement Statistics (2022)

Placement Statistics (2023)

the highest package

INR 64.30 LPA

INR 2.14 crore per annum

INR 1.31 crore per annum

 

Q:   What is the highest package in CSE at IIT Madras?

A:

The institute has released branch-wise salary data for BTech and M.Tech courses. As per the report, the highest package offered to BTech, DD, and IDDD students from CSE was INR 1.31 crore per annum and for M.Tech CSE, the highest package stood at INR 54.21 LPA. The IIT Madras CSE average package is not out yet. Check the below table to know the IIT Madras CSE placement packages for 2023:

ParticularsPlacements 2023 (BTech, DD, IDDD CSE)Placements 2023 (MTech CSE)
the highest packageINR 1.31 LPAINR 54.21 LPA
the lowest packageINR 10.20 LPAINR 12 LPA
Median packageINR 30.36 LPAINR 24.50 LPA
 

Q:   How are placements for Online B.Sc. in Data Science and Applications at IIT Madras college?

A:
{Source: B.Sc. students & alumni}

Based on the reviews provided, here's how the placements of IIT Madras' Online B.Sc. in Data Science and Applications are:

1. Placements are available for students after they complete their Diploma in Data Science or Programming, with over 90% of students getting placed. (Anonymous)
2. The course is relatively new, but the institute has started the placement drive this year and students can opt for placement after their 3rd year and internship after their 1st diploma. (Anonymous)
3. About 80% of students get placed, with the highest salary package offered being 40 LPA and the minimum salary package offered being 10 LPA. (Anonymous)
4. Almost 100% of students got placed, with top recruiting companies being mostly related to data science. Many startups also visit the college to recruit students. (Milanjyoti)
5. Students who understand the core subjects will easily get placed in the college, with almost 99% of students getting placed. The college also provides internship opportunities to enhance students' skills. (Prajkata)

Overall, the placements of IIT Madras' Online B.Sc. in Data Science and Applications seem to be good, with a high percentage of students getting placed in reputable companies and startups. However, it's important to note that the placement statistics may vary from year to year and depend on various factors such as the student's skill set, experience and market demand.
 

Q:   Who were the recruiters at IIT Madras placements?

A:

Some of the prominent recruiters that were part of IIT Madras placements 2023 are listed in the table below:

IIT Madras Placements 2023: Top Recruiters
AmazonBig BasketAccenture Solutions
Axis BankCaterpillar India Engineering Solutions Private LimitedAddverb Technologies
Bain and CompanyCollins AerospaceBCG
Demolish FoodsDeutsche India Private LimitedJPMorgan Chase & Co.
Euler MotorsKotak Mahindra BankInfoedge India Limited
 

Q:   How are IIT Madras BTech placements?

A:

As per the latest report, the overall the highest package and the lowest package for the BTech batch graduating in 2023 was INR 1.31 crore per annum and INR 6 LPA, respectively. Further, the median package stood at INR 17 LPA. Alongside this, the majority of offers received were of packages between INR 10 LPA and INR 15 LPA. The key highlights of IIT Madras BTech placements are presented below:

ParticularsBTech Placement Statistics (2023)
the highest packageINR 1.31 crore per annum
Median packageINR 17 LPA
the lowest packageINR 6 LPA

PPOs received

200

Offers above INR 30 LPA

 154

Offers between INR 25 LPA - INR 30 LPA

 53

Offers between INR 20 LPA - INR 25 LPA

 82

Offers between INR 15 LPA - INR 20 LPA

189

Offers between INR 10 LPA - INR 15 LPA

214

Offers between INR 5 LPA - INR 10 LPA

38
 

Q:   Which IIT has the highest package?

A:

The highest package offered and the number of offers made in top IITs during 2023 placements is presented in the following table:

IIT Namethe highest Package (2023)No. of Offers (2023)
IIT MadrasINR 1.31 crore per annum

1,612

IIT DelhiINR 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 KanpurINR 1.90 crore per annum (domestic)*1,200*

*The placement details are fetched from media reports. 

 

Q:   What is the procedure of placements at IIT Madras?

A:

The IIT Madras placement procedure is explained in the table below:

IIT Madras Placement Procedure
Attendance and PunctualityA student who applies and gets shortlisted for interviews has to go through the entire selection process unless rejected midway by the company.
Any student who withdraws deliberately in the middle of a selection process will be disallowed from placement for the rest of the academic year.
Latecomers for GD/ Aptitude Test/ Interview will not be allowed to appear for the selection process.
DisciplineStudents should maintain discipline and show ethical behaviour during the entire placement process.
Students found cheating or misbehaving in the selection process (Test/ GD/ Interview) will be disallowed to appear for placements in the entire academic year.
 

Q:   Where are IIT Madras alumni working?

A:

According to unofficial sources, the majority of IIT Madras alumni are working in the Engineering sector with a 37% share. The pie chart below illustrates the detailed sector-wise distribution of alumni:

IIT Madras Alumni
 

Q:   How are placements for Integrated B.Tech. + M.Tech. in Biological Engineering at IIT Madras college?

A:
{Source: B.Tech students & alumni}

Sure, I can help! Based on the five reviews provided, here are the details about the placement scenario at IIT Madras for the Integrated B.Tech. • M.Tech. in Biological Engineering program:

1. Placements are excellent with a high percentage of students getting placed every year. (Anonymous)
2. Over 80% of students are placed, with the highest package exceeding 30 LPA and the average package around 10 LPA. (Omkar)
3. More than half of the students are placed and top recruiting companies visit the campus. (Mounika)
4. An average salary package of 17 LPA is offered and internships are also provided. (Anonymous)
5. Around 60% of students got placed in established firms, while the rest opted for higher studies or emerging startups. (Atul)

So, based on these reviews, it appears that the placements for the Integrated B.Tech. • M.Tech. in Biological Engineering programme at IIT Madras are very good, with a high percentage of students getting placed in reputable companies and enjoying competitive salaries.
 

Q:   What is the placement package at IIT Madras?

A:

The highest package at IIT Madras has improved year-on-year from 2021 to 2023. On the other hand, the lowest package has been fluctuating. The table below represents the IIT Madras placement package trends in terms of the highest and the lowest salaries:

Particulars

Placement Statistics (2021)

Placement Statistics (2022)

Placement Statistics (2023)

the highest package

INR 70 LPA

INR 2.14 crore per annum

INR 1.31 crore per annum

the lowest package

INR 3.67 LPA

INR 3 LPA

INR 5.40 LPA

 

Q:   Is IIT Madras good for MBA?

A:

In terms of placements, the institute has recorded good placement numbers for MBA. The lowest package offered to the MBA students during 2023 placements was INR 11 LPA. The highest package grabbed was INR 30.66 LPA. The majority of offers received were of packages between INR 20 LPA and INR 25 LPA. Tabulated below are the key highlights of IIT Madras placements 2023:

ParticularsMBA Placement Statistics (2023)
the highest packageINR 30.66 LPA
Median packageINR 20.80 LPA
the lowest packageINR 11 LPA

PPOs received

26

Offers above INR 30 LPA

 3

Offers between INR 25 LPA - INR 30 LPA

 6

Offers between INR 20 LPA - INR 25 LPA

 12

Offers between INR 15 LPA - INR 20 LPA

10

Offers between INR 10 LPA - INR 15 LPA

6
 

Q:   How was the placement scenario at IIT Madras?

A:

As per the latest placement report, 312 offers were made between INR 15 LPA and INR 20 LPA. The distribution of offers across different package range for IITM placements 2023 is showcased in the below snip:

IIT Madras Placements

 

 

Q:   What is the placement percentage of different branches in IITM?

A:

The institute has not released the branch-wise placement rate. However, the sector-wise offers made are disclosed. The core sector appeared as the top preference with over 27.60% of students placed in it. The second preferred sector was IT. See the below snip depicting the sector-wise distribution of IITM placements 2023:

IIT Madras placements 2023

Source: Official Placement Report 

 

Q:   How can I download the IIT Madras placement brochure?

A:

Indian Institute of Technology Madras has released a combined report for placements and internships 2023. The report highlights course-wise and sector-wise data. Get a detailed analysis from the IIT Madras placement report 2023 available on the official website. Visit placement.iitmadras.ac.in, then go to the 'Our Statistics' section given on the page. Click on 2022-23 report. Download and save it for future reference.

 

Q:   How were IIT Madras internships?

A:

The important highlights related to IIT Madras internships for the batch 2022-23 are mentioned below:

Particulars

Statistics (Batch 2022-23)

the highest stipend

INR 12 Lacs per month

the lowest stipend

INR 7,500 per month

Offers made

778

Total recruiters

140+

Students received PPOs

231

Popular recruiters

Adobe, American Express, Google

 

Q:   What was the stipend offered during IIT Madras internships?

A:

The highest stipend offered to 2022-23 batch was in the Financial Services and IT and Software Development sectors and the amount stood at INR 12 Lacs per month. The table below mentions the sector-wise median and the highest stipend offered during IIT Madras internships 2022-23:

Sectorsthe highest Stipend (2022-23)Median Stipend (2022-23)
Data Science & AnalyticsINR 2 Lacs per monthINR 50,000 per month
Education INR 10,000 per monthINR 10,000 per month
Engineering & TechnologyINR 2 Lacs per monthINR 40,000 per month
Financial ServicesINR 12 Lacs per monthINR 1.30 Lacs per month
IT & Software DevelopmentINR 12 Lacs per monthINR 80,000 per month
ManagementINR 1.50 Lacs per monthINR 60,000 per month
Research & DevelopmentINR 1.50 Lacs per monthINR 40,000 per month
 

Q:   Which was the top recruiting sector during IIT Madras internships?

A:

The starting months of the internship season 2022-23 were dominated by companies from IT/ Software, Electronic, Data Analytics, Fast Moving Consumer Goods (FMCG), and Finance/ Banking sectors. The sector-wise bifurcation of IIT Madras internships 2022-23 is illustrated below:

IIT Madras internships

 Source: Official Placement Report

 

Q:   How are placements for M.Sc. in Physics at IIT Madras college?

A:

{Source: M.Sc. students & alumni}

Based on the information provided in the reviews, here is a list summarizing the placements for M.Sc. Physics at IIT Madras:

1. Placements for M.Sc. Physics students are limited, with only 15-20 students applying for placements out of 43 students in one review.
2. The average salary package offered ranges from 8 LPA to 10 LPA, according to one review.

3. Around 15-20 students get internship opportunities in research institutions like TIFR, ICTS, IIST, IISc, etc., according to one review.
4. Students in applied physics tend to be research-minded and do not opt for placements, according to one review.
5. Placements are generally better for PhD physics students, according to one review.
6. The placements for B.Tech students are good, especially for CSE, Petroleum and Mining Engineering branches, according to one review.

Overall, the placements for M.Sc. Physics at IIT Madras appear to be limited, with a focus on research and further studies rather than immediate employment. However, there are still opportunities for internships and placements in certain fields and industries.

 

Placement Reviews

Overall Placement Rating (Out of 5)

4.4

Based on 271 Verified Reviews

Distribution of Rating

The Verified badge indicates that the reviewer's details have been verified by Shiksha, and reviewers are bona fide students of this college. These reviews and ratings have been given by students. Shiksha does not endorse the same. Out of 319 published reviews, 271 reviews are verified.
Read reviews that mention
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A
Agasthya Nathi | B.Tech. in Civil Engineering - Batch of 2027
Reviewed on 5 May 2024
Verified
4.4
Placements 4 Infrastructure 5 Faculty & Course Curriculum 4 Crowd & Campus Life 4 Value for Money 5
Life changing roller coaster at IITM.

Placements: 87 percent of the students have been placed from the branch of Civil this year. Average package offered is around 8 Lacs and the highest package varies every year. Top recruiting companies are L&T, AESEC, AUTODESK and others. 27 students got internships. As I’m a first year student, I didn't get placed yet.

Was this review helpful YesNo  
Anonymous | B.Tech. in Chemical Engineering - Batch of 2024
Reviewed on 23 Apr 2024
Verified
3.8
Placements 3 Infrastructure 3 Faculty & Course Curriculum 4 Crowd & Campus Life 5 Value for Money 4
Absolutely outstanding crowd and faculty.

Placements: Around 60% of the students got placed. The average package offered was around 15 LPA, the lowest was 5 LPA and the highest package was 60 LPA. The placements would have be much better this year but because of the recession, it was bad. Top recruiting companies are P&G, Wipro, Ola etc. Around 60% students got internships on campus. Top roles offered are that of Design Trainee, Graduate Engineer Trainee, Cell and battery innovation center (R&D), Management Trainee etc.

Was this review helpful YesNo  
Anonymous | Online B.Sc. in Data Science and Applications - Batch of 2027
Reviewed on 8 Feb 2024
Verified
3.0
Placements 2 Infrastructure 3 Faculty & Course Curriculum 5 Crowd & Campus Life 1 Value for Money 4
Less Interaction with college but very good for those who have passion in data Science field.

Placements: Placement data is not yet released by the college official. Also, in this year, May and June, most of the companies will visit campus, and this year 2024 will be the first time when students are getting placed. We can assume an average of 3 LPA and a maximum package can be of 6-7 LPA.

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P
Pavan | B.Tech. in Mechanical Engineering - Batch of 2021
Reviewed on 17 Mar 2024
Verified
4.6
Placements 4 Infrastructure 4 Faculty & Course Curriculum 5 Crowd & Campus Life 5 Value for Money 5
Review of IIT Madras - Indian Institute of Technology.

Placements: Maximum students in our college are getting moderate placements and internships. The highest packages for my friends are even more than crores per annum. And the lowest is about 24 LPA. Up to 40 percent of the students have got internships.

Was this review helpful YesNo  
P
Pavan Jasta | B.Tech. in Mechanical Engineering - Batch of 2025
Reviewed on 3 Feb 2024
Verified
5.0
Placements 5 Infrastructure 5 Faculty & Course Curriculum 5 Crowd & Campus Life 5 Value for Money 5
Satisfied with the placements and other opportunities.

Placements: Really satisfied with the placement programme. Many companies do visits our college like google, facebook, amazon, etc. Every year about 95% of students grab the highest packages from the companies. The highest package of 64 LPA was offered by a company in last year and the least package is 8 LPA. Remaining students trends to go towards creating their own ventures. Internships opportunities are provided by the companies with the good stipend every sem.

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Answered 3 days ago

There are numerous subjects and specialisations to choose from in the BSc programme offered at IIT Madras. Students with a comprehensive comprehension of the principles of the BSc programme in the relevant areas have numerous job opportunities, including Teaching, Research Analysis, Data Scientist,

...more

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Yash Mittal

Contributor-Level 10

Answered 2 months ago

IIT Madras has been ranked 1 by NIRF in recent reports. The college has a great placement record in India. The highest package for MBA courses in 2023 placement was INR 20.08 LPA, the Median salary package was INR 15.35 LPA and the lowest salary package was INR 11 LPA. 

Kotak Mahindra Bank, Axis Bank

...more

H

Himanshi Tirkha

Contributor-Level 10

Answered 3 months ago

The average stipend offered to students at DoMS IIT Madras depends on various factors, including the student's academic performance and the specific company recruiting. However, we can look at historical data to get a general idea:

  • Summer Internship Placements 2024: The average stipend for the summer

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Ritu Rathee

Contributor-Level 8

Answered 3 months ago

{Source: B.Sc. students & alumni}

Based on the reviews provided, here are the companies that visit IIT Madras for placements in the Online B.Sc. in Data Science and Applications program:

1. Microsoft
2. IBM
3. Wipro
4. TCS
5. Amazon

Note that these companies may not be exclusive to the online programme an

...more

S

Shiksha AI Counsellor

Beginner-Level 1

Answered 3 months ago

{Source: M.Sc. students & alumni}

Based on the review information provided, here are the companies that visit IIT Madras for placements in the M.Sc. Physics program:

1. Byju's
2. Vedantu
3. Other tech companies (not specified)
4. Research institutions such as TIFR, ICTS, IIST, IISc, etc.
5. Coaching ins

...more

S

Shiksha AI Counsellor

Beginner-Level 1