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IIT Madras Placement: Salary & Top Recruiters

IIT Madras, ranked #1 in NIRF 2024, is India’s top engineering institute known for academic excellence, strong research, excellent placements, and attracts leading recruiters annually.

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IIT Madras Placement Overview

Did You Know? In 2023–24, IIT Madras placed over 80% of its BTech/Dual‑Degree students and 75% of Master's students by April 30, with 1,091 offers from 256 companies. Among them, 44 international offers and 183 startup offers were made.

Source: IIT Madras

The placement drive witnessed participation from the leading companies like Google, Microsoft, Goldman Sachs, Amazon and McKinsey. The institute has renowned alumni such as Vineeta Singh (Founder, Sugar Cosmetics), Dr. Sudhir Kumar Mishra (CEO, BrahMos Aerospace, DRDO), who symbolise IIT Madras’s legacy of leadership and innovation. With competitive CTCs, international offers and a strong pre-placement offer (PPO) rate, the institute remains a top choice for recruiters across sectors.

IIT Madras Placement Highlights 2024

During the 2023-24 academic year (Phase 1 and II), 1,091 students secured placement with 256 companies, a Pre-Placement offer of 300, of which 235 were accepted. The median salary stood at ₹19.6 LPA, while the average salary is ₹22 LPA, with 44 international offers made. Over 80% of B.Tech/Dual Degree and 75% master's students were placed.

Metrics

2023-24 Highlights

Students Placed

1,091

Companies Participated

256

Pre-Placement Offers (Offered/ Accepted)

300/ 235

Median Salary CTC (in LPA)

₹19.6

Average Salary CTC (in LPA)

₹22

International Offers

44

CTC Summary, Department Wise, DoMS, Top Recruiters

The CTC for IIT Madras placement 2023-24 reveals the salary package across programs. The average CTC stood across B.Tech, Dual Degree and PG programs; multiple students received offers above ₹ 40 LPA. The salary distribution shows a healthy placement trend across companies.

IIT Madras Placement: Average CTC and Median CTC

The following table provides the average CTC and median CTC offered across programs during the 2023-24 placement:

Programs

Average CTC (in LPA)

Median CTC (in LPA)

B.Tech

₹20.84

₹17.50

Dual Degree

₹21.48

₹18.10

M.Tech

₹18.66

₹15.00

M.Sc

₹17.96

₹14.99

M.A.

₹12.37

₹11.00

MS

₹22.17

₹19.83

PhD

₹21.00

₹19.25

Salary Range & Distribution

The salary range at IIT Madras gives a strong demand for students with high skills. Many offers exceeded ₹30–₹40 LPA, with competitive mid-range salaries.

CTC Range (in LPA)

Number of students

Above 50

7

40-50

11

30-40

45

20-30

170

10-20

478

Less than 10

139

Visit upGrad’s IIT Madras Overview Page to get a complete snapshot of the institute, from its national and global rankings, available scholarships, admission process, and program highlights to campus life, and what it truly means to be a part of IIT Madras.

IIT Madras Placement Timeline & Support

The IIT Madras placement season is an extensive, year‑long process beginning in July and running until May, encompassing registration, resume submission, and company engagements for both Phases I and II.

Timeline Stages

Timeline Frame

Recruiter invitation & scheduling

July - August

Student registration & resume submission

August - September

Pre-Placement Training

September - November

Phase 1 Placement

December onwards

Phase 2 placement

January - May next year

Placement Support

To enhance student employability, IIT Madras has established the Career Pathway Centre (CPC), which integrates the Career Development Cell (CDC), internship office, and Entrepreneurship Cell. Along with structured placement support, CPC conducts targeted workshops for résumé writing, interview preparation, and soft-skills training—ensuring students are well-equipped for the demands of industry.

  1. Career Development Cell: The CDC operates under the CPC and conducts specialised training sessions-including mock interviews, group discussions, and résumé-building workshops—to polish student communication and professional readiness.
  2. Resume & Soft Skill Training

CDC’s preparation modules include:

  • Resume-building sessions and maintenance of resume archives for recruiter access.
  • Mock interviews, group discussion simulations, and skill workshops on communication, leadership, and presentation.
  • Coordination with the Entrepreneurship Cell to nurture start-up readiness and career alternative pathways.

FAQs for IIT Madras Placements

1. 1. What is the average package at IIT Madras in 2024?

The average package at IIT Madras for the 2023–24 placement season stood at approximately ₹22.5 LPA. Core engineering and tech roles attracted the highest salaries, while interdisciplinary streams also saw competitive offers from consulting and analytics firms.

2. 2. What is the highest salary offered at IIT Madras?

The highest international offer in 2023–24 reportedly crossed ₹1 crore per annum, while the top domestic CTC exceeded ₹50 LPA. These offers typically come from global tech firms, investment banks, or high-growth startups during Phase I placements.

3. 3. How many students got placed at IIT Madras in 2024?

According to official data, over 1,000+ students secured placements during Phase I of IIT Madras placements 2023–24. Final placement numbers, including Phase II and internships, will be confirmed in the concluding annual report.

4. 4. Which companies are top recruiters at IIT Madras?

Top recruiters include Google, Microsoft, Apple, Goldman Sachs, McKinsey, BCG, Qualcomm, and Intel. Many Japanese, US, and European firms also recruit from IIT Madras, especially for tech and R&D roles.

5. 5. How does the IIT Madras placement process work?

The placement process involves two major phases. Students register, submit resumes, attend pre-placement talks, take online assessments, and sit for interviews. Final offers are rolled out by companies after selection rounds in each phase.

6. 6. What is the placement rate at IIT Madras?

The overall placement rate for BTech and Dual Degree programs in 2023–24 crossed 85%, with core engineering branches recording even higher placement statistics. The institute maintains consistent performance across departments and specialisations.

7. 7. Are international placements offered at IIT Madras?

Yes, IIT Madras facilitates international placements, especially from Japan, the US, Singapore, and Germany. Companies such as Rakuten, Honda, and Micron actively offer roles abroad in engineering design, AI, and research.

8. 8. What sectors recruit the most at IIT Madras?

Key sectors include Technology, Consulting, Core Engineering, Analytics, R&D, and Finance. In recent years, startups and emerging fields like electric vehicles, AI, and blockchain have seen increasing hiring activity.

9. 9. How is the placement for interdisciplinary and science programs?

Interdisciplinary and science programs such as Physics, Chemistry, and M.Tech in Data Science also record good placements, especially in roles like research, analytics, and data engineering. These departments attract companies like TCS Research, Fractal, and ZS Associates.

10. 10. What is the role of the Career Development Cell at IIT Madras?

The Career Development Cell (CDC) supports students by organising resume-building workshops, mock interviews, and career guidance sessions. It also liaises with companies for internship and placement drives across disciplines.

11. 11. Does IIT Madras offer placement training?

Yes, IIT Madras provides extensive placement training, including soft skill development, mock group discussions, resume reviews, and interview simulations. These sessions are designed to enhance student confidence and employability.

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Disclaimer

  1. The above statistics depend on various factors and individual results may vary. Past performance is no guarantee of future results.

  2. The student assumes full responsibility for all expenses associated with visas, travel, & related costs. upGrad does not .