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IIT Madras: Indian Institute of Technology Madras Placements: Average Package, Highest Package, Top Recruiters

  • Madras, Tamil Nadu

Saurav Anand

Do you want to know the outcome of the IIT Madras placement in 2023? In this Formfees article, you will discover everything there is to know about summer placement at IIT Madras as well as placement across all industries and domains. However, candidates should have a basic understanding of IIT Madras.

IIT Madras, founded in 1959, is a famous technological and research institution. IIT Madras is regularly ranked first among India's leading engineering colleges as well as overall. IIT Madras is composed of 19 departments and more than 100 programs. IIT Madras is a 250-hectare campus that houses approximately 550 faculty members, 8000 students, and 1250 administrative and support staff. 

IIT Madras has signed memorandums of understanding (MOUs) for student exchange programs with a number of overseas universities. According to the signed MoUs, students enrolled in the institute's UG, PG, and Dual Degree programs will spend a semester overseas to gain broad exposure.

The B.Tech and Online Degree program is the most popular of IIT Madras' 121 courses. BTech is the institute's flagship curriculum. Admission to the degree is based on the JEE Advanced exam rank. A minimum rank of 42 to 3150 is required for the IIT Madras BTech program. The total yearly cost of the BTech program is INR 2.1 Lakhs. 

The following are the Important highlights of the final placements:

  • IIT Madras Placement 2023 average package is Rs.20.19 LPA while in placement 2022 average package was Rs.16.66 LPA.
  • IIT Madras Placement 2023  highest package is  Rs.30.60 LPA while in placement 2022 highest package was Rs.25.30 LPA the previous year.
  • There are a total of 67 students in the batch.
  • A total of 62 students have registered for IIT Madras placements in 2023.
  • DoMS IIT Madras placements were attended by 26 companies.
  • Pre-placement offers (PPOs) were made to 42% of students.
  • The average package for the top 10% of the class has been increased to Rs.29.30 LPA from Rs.22.47 LPA the previous year.
  • The average package is Rs.26.96 LPA in the year 2023 which is an increment of 25% from Rs.21.62 LPA the previous year.
  • The average package for the top 50% of the class has increased to Rs.24.03 LPA from Rs.20.27 LPA the previous year.
  • Top Recruiters are Deloitte, Cognizant, Accenture, Dell, IBM, McKinsey, Standard Chartered, etc.

The Indian Institute of Technology Madras (IIT Madras or IITM) was established in 1959 as a public technical and research university, and it was designated as an 'Institute of Eminence'. It is the third and only self-contained IIT created by the Government of India. IITMR, India's first university-based research park, is housed on the IIT Madras campus in Chennai, Tamil Nadu. IIT Madras has topped the NIRF Rankings for the fourth year in a row. IIT Madras was placed 285 in the QS World University Rankings 2024 and 250 in the QS World University Rankings 2023 on a worldwide scale. 

IIT Madras has commenced its recruiting drive for the class of 2023. 1722 students applied for placements. 445 students have already been placed on Day 1 of the placement campaign. 

In addition, 407 students were given pre-placement offers. A pay package of more than INR 1 CPA was given to 25 students. Four companies submitted 15 International Offers. 331 recruiters have signed up for Phase 1 placement in 2023. Students were given employment as Software Development Engineers, Data Scientists, Quant, Core Engineers, and so on. 

Texas Instruments, Bajaj Auto Ltd, Cetak Ltd, Qualcomm, and other top recruiters took part in IIT Madras Placements 2023.

IIT Madras' Department of Management Studies (DoMS) has once again achieved 100% placement for its MBA 2021-23 batch, with a high average wage. The final placement process began in December 2022, with 26 firms seeking a wide range of positions from the campus. 

Companies from all disciplines actively participated in the placement process, ensuring that candidates had adequate opportunities to pursue employment in their preferred fields. The variety of profiles offered to the cohort demonstrates the excellence and efforts of DoMS IIT Madras.

In the Govt of India, MHRD, NIRF Ranking 2022, IIT Madras is ranked #1 overall among top institutes in India and 10th top Management institute among the top 125 B-schools in India. "The Department of Management Studies, IIT Madras has taken great heights with its best performance to date under record placement time," stated Haripriya B., Placement Manager, in reference to the successful MBA 2023 placements at IIT Madras. We thank the department's new recruiters, including PFC, P&G, Mphasis, and India Mart, as well as our regular recruiters, including McKinsey, Accenture, DELL, CISCO, Deloitte, IBM, and others, for reinforcing their existing long-term ties."

IIT Madras Placement Report

445 students were placed on Day 1 of IIT Madras Placements 2023. 407 students received pre-placement offers. 25 students were awarded pay packages of more than INR 1 CPA. There were several job openings, including Software Development Engineer, Data Science, Quant, Core Engineer, and others. Top recruiters from Texas Instruments, Bajaj Auto Ltd, Cetak Ltd, Qualcomm, and others attended the placement drive. 

ParticularsPlacement of the year 2023
PPOs offered258
No. of companies visited480+
Total Offers1612
Top Job RolesData Science, Quant, Core Engineer, Software Development Engineer, etc
Highest CTC offeredINR 1.31 Crore Per Annum
Lowest CTC offeredINR 5.4 LPA
Offers above INR 30 LPA172
Offers between from  INR 25 LPA to INR 30 LPA48
Offers between from  INR 10 LPA to INR 15 LPA226
Offers between from   INR 20 LPA to INR 25 LPA135
Offers between from    INR 5 LPA to INR 10 LPA152
Offers between from   INR 15 LPA to INR 20 LPA312
Popular recruitersCogoport, Linecraft, American Express, AI, SAP Labs

Company-wise IIT Madras Placements

IIT Madras Placements received more than 10 offers on their first day. Company-wise Texas Instruments made the most number of offers which are 14 in total, followed by Bajaj Auto Ltd, and Chetak Tech Ltd. The table below shows the number of offers made by top recruiters by the company as of Day 1:

RecruitersNumber of offers
Texas Instruments14
Procter & Gamble7
Bajaj Auto Ltd10
JP Morgan Chase & Co9
Morgan Stanley6
Chetak Tech Ltd10
McKinsey & Company5

Yearly Trends in IIT Madras Placements

In 2023, IIT Madras Placement received 407 pre-placement offers. From 227 in 2022 to 407 in 2023, the number of PPOs grew. The graph below depicts the year-to-year trends in IIT Madras placements:

Placement YearNumber of PPOs

IIT Madras Placement Report 2022

In IIT Madras Placements more than 480 recruiters participated in 2022, making 1491 placement offers. The placement drive was attended by recruiters from Apple, P&G, Google, American Express, Intel, Deloitte, Microsoft, ISRO, ICICI WQ Bank, CISCO, Jaguar, Wells Fargo, HCL Technologies, TCS, Bajaj Auto Limited, and many more.

The highest package offered was INR 2.14 CPA, while the lowest was INR 3 LPA.

BatchPlacement for the year 2021Placement for the year 2022
Number of Students Placed7251199
Number of Companies Participated256480+
Number of Offers10461491
Number of International Offers-45
Average CTCINR 20.58 LPAINR 21.48 LPA
Highest CTCINR 70 LPAINR 2.14 CPA
Major SectorAnalytics / Consulting / FinanceCore Engineering, Data Science and Analytics
RecruitersQualcomm, Goldman Sachs, Goldman Sachs, JP Morgan,

Salary Statistics for IIT Madras Placements in 2022

During the IIT Madras Placements 2022, four offers were made for less than INR 5 LPA. There were 154 offers ranging from INR 5 LPA to INR 10 LPA. There were 606 offers ranging from INR 10LPA to INR 20LPA. There were 209 offers ranging from INR 20 LPA to INR 30 LPA. Over INR 30 LPA, 23 offers were made. The table for IIT Madras Placements 2022 is shown in the table below:

SalaryNumber of offers
Offers above INR 30 LPA203 offers
Offers between from  INR 10 LPA to INR 20 LPA606 offers
Offers between from  INR 20 LPA to INR 30 LPA209 offers
Offers between from   INR 5 LPA4 offers
Offers between from  INR 5 LPA to INR 10 LPA154 offers

Course-wise IIT Madras Placements

The B.Tech class received the highest package during IIT Madras Placements 2022 which was INR 2.14 CPA, followed by the MS batch. The table below shows the course-by-course statistics for IIT Madras Placements 2022:

Courses nameHighest Salary OfferedMedium Salary Offered
B. TechINR 2.14 CPAINR 18 LPA
M. TechINR 46.08 LPAINR 13.02 LPA

Branch-wise IIT Madras Placements

The average package for the B.Tech CSE class at IIT Madras Placements 2022 was INR 41.72 LPA, while the average package for the B.Tech ECE batch was INR 24.4 LPA. The average package for a B.Tech student was INR 33.06 LPA overall.

The following table below is for the statistics for B.Tech placements at IIT Madras:

CoursesAverage Salary
B. Tech. (ECE)INR 24.4 LPA
B. Tech. (CSE)INR 41.72 LPA
B. Tech. (all included)INR 33.06 LPA

Top Recruiters IIT Madras Placements

Below is the list of the top recruiters of IIT Madras placement for the year 2023. 

NutanixAmerican ExpressSquare point SDEThoughtspot MTS-2
QualcommOracleEnphase EnergyC-Dot
MicrosoftUberGoogleTexas Instruments
CohesityGravitonProcter & GambleSprinklr
JP Morgan & ChaseTibraRipplingBajaj

Domain-wise IIT Madras Placements

In IIT Madras placement domain wise the most popular domain is analytics which received the highest placement percentage of 29.7 %followed by finance with the placement percentage of 24.3%. For other domains, candidates can check the below table.

DomainPlacement in Percentage
Operation and Supply Chain12.2%
General Management25.7%

Profiles and roles offered by IIT Madras Placement

The profiles of the candidates were also different due to the range of companies. The following roles and profiles are available in many areas and domains:

  • Analytics specialists business analysts, data scientists, associate consultants, and data scientists all are included.
  • General management positions include Project Management, Lead Consultant, Future Leader Trainee, and Assistant Manager.
  • Management trainee, assistant manager, and associate advisor in finance
  • Marketing Management Trainee, Deputy Brand Manager, and Product Analyst
  • Supply Chain Analyst, Product Supply Manager, Supply Chain & Operations Trainee

IIT Madras Placements for Tech MBA

The Department of Management Studies at IIT Madras was founded in 2004 to house the popular Master of Business Administration course, which had been taught since August 2001. In 2013, IIT Madras was the first IIT to welcome students from fields other than engineering, such as B.A., B.Sc, and B.Com. In addition to the MBA program, the department offers Master's (MS) and Doctoral (Ph.D.) level research programs, as well as an Executive MBA program for middle and senior-level executives.  Along with IIM Calcutta and IIT Kanpur, the department is also a partner in a multi-institutional Diploma program (PGPEX - VLM) for Visionary Leaders in Manufacturing. Other services conducted by the Department include consulting and executive development programs.

IIT Madras' Master of Business Administration (MBA) program is a two-year, full-time, seven-quarter program designed to prepare graduates to be successful managers. Students receive a well-rounded learning experience in management theory and practice. Classroom instruction, case studies, a hands-on management internship in industry, and project work are all part of the program. The curriculum consists of seven quarters of coursework, four for the first year and three for the second year. The program is designed in such a way that students can enter the sector alongside their classmates from other business schools.  Each quarter is typically eight weeks long. Finance, HR & OB, Marketing, Operations, Information Systems, and Integrative Management specializations are available in the MBA program, helping students on the path to entrepreneurship. MBA admission at IIT Madras is through the CAT exam, which is administered by IIMs. Admission applications open in the first week of January for a month.

This is the Technical MBA program at IIT Madras, as the name suggests. Tech MBA is an interdisciplinary dual degree program for IIT Madras undergraduate students. Students in their third year of graduating can apply for the Tech MBA program, which lasts two years.  The Tech MBA bridges the gap between business verticals such as Strategy, Operations, Finance, and Marketing and their scientific and quantitative counterparts. This helps train students to better tackle today's business problems, and it helps engineering students comprehend the business needs of the firms where they perform technical jobs. In today's world, the majority of businesses are technical, hence this combination of talents aids in the advancement of businesses.

Highlights of Tech MBA Placements

  • 9 students have registered.
  • 100% of students were placed.
  • The highest salary available is Rs.22 LPA.
  • The batch's average salary is Rs.18.90 LPA.
  • Companies that took part in placements: 7

IIT Madras Placements for MS

The Master of Science program at DoMS, IIT Madras, is a postgraduate program designed for applicants who are commencing their research careers, changing careers, or pursuing specific academic expertise. The M.S. degree prepares students to conduct rational, rigorous, and managerially relevant research in a variety of management topics. The curriculum of this degree includes a significant amount of research.

The MS (by Research) program promotes the use of logical, analytical, experimental, and intuitive thinking skills in the pursuit of research. It is a curriculum for students who are just starting out in research; it supports students who are seeking for research-oriented industry employment (for example, an R&D profile or a role involving macro-level design and conceptualization).

Placement Highlights

  • There were Eleven companies who took part.
  • The highest package was Rs.21.63 LPA.
  • The average package was Rs.19.31 LPA.
  • In IIT Madras placement for MS 2023, a total of 2 students have registered for placements.
  • The Science of Data
  • Analyst
  • Profiles are also available

IIT Madras Placements for Summer Internships

In 2023, 1397 students signed up for the placement drive held during IIT Madras Summer Internship Placements. From which, 504 of these students were placed, with 557 internship offers. Until now, the internship percentage was at 36%. The summer internship placement drive produced 122 recruiters. Qualcomm, Honeywell, Microsoft, Goldman Sachs, and others are among the top recruiters.

Number of Students Placed708504
Number of Recruiters146122
Number of Students Registered13301397
Percentage of Students Placed54%36%
Lowest StipendINR 7.5 K per month-
Highest StipendINR 12 Lakhs per month-
Top Recruiters-Honeywell, Microsoft, Goldman Sachs
Total Number of Offers772557

Sector-wise IIT Kharagpur Summer Internship Placements

The highest stipend received at IIT Madras Summer Internship Placements 2023 is from the Financial Service Sector which is INR 12 lakhs per month followed by IT & Software Development Sector of INR 12 lakhs per month which is also same. The table below shows the top stipends awarded by each field during IIT Madras Summer Internship Placements 2022:

Sector nameHighest stipend offered
Engineering and technologyINR 2 lakhs per month
IT and software developmentINR 12 lakhs per month
Data science and analyticsINR 2 lakhs per month
Research and developmentINR 1.5 lakhs per month
Financial services sectorINR 12 lakhs per month
EducationINR 10000 per month
ManagementINR 1.5 lakhs per month

IIT Madras Alumni Network

Below is the list of IIT Madras Alumni Network:

Organization NameNumber of Alumni
Indian Institute of Technology, Madras2149
Center For Innovation (CFI)285

IIT Madras Average Package

The average package for IIT Madras has yet to be released. The institute, on the other hand, has given course-specific median, lowest, and highest package details for the 2023 drive. Look at the chart below to see the median and lowest package offered for 2023 placements:

CoursesMedium Package 2023Lowest Package 2023
MS- Engineering StreamsINR 15 LPAINR 6 LPA
MA (Humanities and Social Sciences)INR 10.95 LPAINR 5.40 LPA
MSc- Science StreamINR 9.62 LPAINR 6 LPA

After comparing the last 2 years' medium package We have observed an improvement in IIT Madras MBA and Mtech courses. It was also observed that the medium package for UG, MS, and PHD was dropped from 2022 to 2023. The medium package for MS (engineering streams) and (humanity and social science) has been stable over the last two years. Below is the table of IIT Madras placement package comparison for the years 2022 and 2023.

CoursesMedium Package 2022Lowest Package 2022
MS- Engineering StreamsINR 15 LPAINR 15 LPA
MTechINR 13.02 LPAINR 15 LPA
MSc- Science StreamINR 14 LPAINR 9.62 LPA
MA (Humanities and Social Sciences)INR 13.69 LPAINR 10.95 LPA

IIT Madras Placement CSE

Candidates interested in CSE (Computer Science Engineering) placement may look at the table below:

CoursesAverage Salary
B. Tech. (ECE)INR 24.4 LPA
B. Tech. (CSE)INR 41.72 LPA
B. Tech. (all included)INR 33.06 LPA

IIT Madras Placement Companies List

Candidates who want to check which companies have participated in the recruitment of IIT Madras Placement can check the list below.

NutanixThoughtspot MTS-2Square point SDEAmerican Express
MicrosoftTexas InstrumentsGoogleUber
QualcommC-DotEnphase EnergyOracle
CohesitySprinklrProcter & GambleGraviton
JP Morgan & ChaseBajajRipplingTibra

IIT Madras Placement Percentage

Below is the list of domain-wise placement percentage of different courses.

DomainPlacement in Percentage
Operation and Supply Chain12.2%
General Management25.7%

IIT Madras Placement ECE

Candidates interested in CSE (Electronics and Communication Engineering) placement may look at the table below:

CoursesAverage Salary
B. Tech. (ECE)INR 24.4 LPA
B. Tech. (CSE)INR 41.72 LPA
B. Tech. (all included)INR 33.06 LPA

IIT Madras Placement for UG 4-Year Course 2021

Candidates who want to know the IIT Madras placement for the UG 4-Year course, can check the below table for that.

Total batch strength466
Total number of students who are qualified for placements338
Total students placed292
Median Salary Rs. 15,00,000
Students chose to further their education.17

Frequently Asked Questions about IIT Madras Placement

Q. Is IIT Madras good for placement?

Ans.  407 pre-placement offers were made at IIT Madras Placement 2023. Almost 25 students received packages worth more than INR 1 crore per year. There were 15 overseas offers among the 1,722 registered students. Microsoft, Goldman Sachs, and McKinsey & Company are among the top recruiters.

Q. What is the placement package for IIT Madras?

Ans. During the IIT Madras placements 2023, the maximum package offered to BTech and MTech programs was INR 1.31 crore per annum and INR 49.7 LPA, respectively. The median package offered to MS (Engineering Streams) and MSc (Science Stream) students was INR 15 LPA and INR 9.62 LPA, respectively.

Q. What is the salary of IIT Madras student?

Ans. IIT Madras Placements 2022 Branch - Wise Tech CSE cohort earned an average of INR 41.72 LPA & B. Tech ECE batch earned an average of INR 24.4 LPA. The overall average income for B. Tech was INR 33.06 LPA.

Q. Does IIT have 100 percent placement?

Ans. For the academic year 2021-22, the Indian Institute of Technology, Madras achieved 100% placement in its Department of Management Studies (DoMS). All 61 students who signed up for campus placements received and accepted job offers.

Q. What is lowest package in IIT Madras?

Ans. In Madras, the overall placement percentage for B. Tech candidates for IIT placements 2020-2021 was 77%. In 2020, the highest IIT placement package at IIT Madras was 82.5 LPA, the average package was 18.12 LPA, and the lowest package was 5.4 LPA.

Q. Which branch is best in IIT Madras?

Ans. Electrical engineering and mechanical engineering are the ideal branches to pursue if you want to explore different fields. These branches have outstanding lab facilities for thermal engineering, machine design, and fluid mechanics, as well as cutting-edge equipment that is not available at other institutes.

Q. What is the last rank for IIT Madras?

Ans. The IIT Madras cutoff for 2023 was determined following Round 6 of the JoSAA Counselling procedure. The final rank for BTech in CSE admissions at IIT Madras has fluctuated during the last three years. The closing rank in 2021 was 163, 175, and 148 in 2022 and 2023, respectively.

Q. Is IIT Madras safe for students?

Ans. IIT Madras is a safe refuge for all of its students, with sufficient processes in place to avoid and resolve any unpleasant incidents, which are few.

Q. Which IIT toppers choose?

Ans. JEE Advanced toppers select IIT Bombay because of its reputation as a top engineering institution, superb teaching, cutting-edge research facilities, diversified student community, strong industry contacts, and abundant career possibilities.

Q. Which course is famous in IIT Madras?

Ans. IIT Madras provides a variety of popular undergraduate engineering programs. Aerospace Engineering is one of them. Engineering in Chemistry Construction Engineering Engineering and computer science Engineering in Electrical Physics Engineering in Mechanical Materials and Metallurgy Engineering.