As many as 80 per cent of students who opted for Campus Placements during 2021-22 have received job offers during placement 2021-22. (Photo credit: IIT Madras team)
With a total of 1,199 job offers received from 380 companies during phases I and II of campus placements, theIndian Institute of Technology Madras (IIT Madras) has recorded the highest ever number of job offers in an academic year.
In addition, 231 pre-placement offers (PPOs) were also received from students’ summer internships, said the institute in a statement. This has led to a total of 1,430 job offers, which is higher than the previous highest of 1,151 job offers recorded during the 2018-19 academic year.
This also includes 45 international offers from 14 companies, which as per IIT-Madras, is also a new record high. Ofthese, 11 offers came from Rakuten Mobile, Inc while other global offers came from Glean, Micron Technologies, Honda R&D, Cohesity, Da Vinci Derivatives, Accenture Japan, Hilabs Inc., Quantbox Research, MediaTek, Money Forward, Rubrik, Termgrid and Uber.
Further, 131 start-ups made as many as 199 offers during this phases I and II of campus placement. Meanwhile, all the 61 MBA students were also placed this season, leading to 100 per cent placement for the Department of Management Studies, IIT Madras.
The IIT Madras placement is conducted in two phases every year. While phase I had held between December 1 and December for the 2021-22, phase II usually begins in the second half of January and goes on till the end of the academic year. In 2021-22, phase II of campus placements went on till May 27, 2022.
The average salary received by students during campus placements for 2021-22 is Rs 21.48 lakh per annum. The highest salary offered is $250,000.
As many as 80 per cent of students who opted for campus placements during 2021-22 have received job offers during placement 2021-22.
FAQs
However, as per the previously released data, the average salary received by IIT Madras students during campus placements for 2021-22 was Rs 21.48 lakh per annum with the highest salary offered being Rs 2 crore.
What is the salary of IIT Madras 2022? ›
IIT Madras Placements 2022 Salary Statistics
During IIT Madras Placements 2022, 4 offers were made below INR 5 LPA. 154 offers were made between INR 5 LPA & INR 10 LPA. 606 offers were made between INR 10LPA to INR 20 LPA. 209 offers were made between INR 20 LPA to INR 30 LPA.
What is the average LPA of IIT Madras? ›
IIT Madras Average Package 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 |
3 more rowsDec 13, 2023
The overall placement percentage for B. Tech students for IIT placements 2020-2021 in Madras was 77%. The highest IIT Placements package at IIT Madras in 2020 was 82.5 LPA, while the average package was 18.12 LPA, and the lowest was 5.4 LPA.
How many students get 1 crore package in IIT Madras? ›
At IIT Madras, at least 25 students have bagged offers with pay packages over ₹ 1 crore per annum.
Which IIT pays highest salary? ›
IIT Bombay Placements FAQs
| IIT Name | the highest Package (2023) | Average Package (2023) |
|---|
| IIT Bombay | INR 3.67 crore per annum | INR 21.82 LPA |
| IIT Delhi | INR 2.5 crore per annum | INR 17.60 LPA |
| IIT Madras | INR 1.31 crore per annum | INR 17.00 LPA (median package) |
| IIT Kanpur | INR 1.9 crore per annum | INR 22.07 LPA |
Apr 8, 2024
IIT Madras Salaries in India
| Designation | Avg Annual Salary |
|---|
| Junior Executive 0 - 6 years exp. (32 salaries) | ₹3 Lakhs ₹1.7 L/yr - ₹4.4 L/yr |
| Research Scholar 0 - 7 years exp. (31 salaries) | ₹5.3 Lakhs ₹2 L/yr - ₹7 L/yr |
| Research Associate 1 - 9 years exp. (30 salaries) | ₹4.6 Lakhs ₹1 L/yr - ₹7 L/yr |
7 more rows8.5 lacs is a decent amount and you can live peacefully anywhere in India as cost of living is not that much in India.
Is 9 LPA a good salary in India? ›
9 LPA is very good package. It will provide almost 60000 Rs or slightly more in-hand on normal months.
Which branch is best in IIT Madras? ›
Many criteria determine the credibility and worth of a branch. Some students are after placements while some want to explore a lot of fields in the department. In case you are keen to explore various fields, Electrical engineering, and Mechanical engineering are the best Branches.
However, IIT Madras is a highly reputed institute with a strong track record of placements in various fields. The institute has a dedicated placement cell that works towards creating job opportunities for its students.
What is the highest salary of IIT Madras? ›
IIT Madras Salary FAQs
- The average IIT Madras salary ranges from approximately ₹34,247 per year (estimate) for a Teaching Assistant to ₹45,65,776 per year (estimate) for a Content Head. ...
- The highest-paying job at IIT Madras is a Content Head with a salary of ₹45,65,776 per year (estimate).
15 International Offers were made by four major companies. Microsoft, Graviton, Flipkart, Texas Instruments, Goldman Sachs, Qual comm, Boston Consulting Group, and Morgan Stanley were some of the top recruiters at this year's IIT Madras Placement Drive 2023.
Do you get single room in IIT Madras? ›
The students get to choose their roommates, and 7-8 rooms adjacent to each other form a wing. Students are shifted in their third year to their final hostel, where they stay until graduation. The allocation is single/triple, based on preference. Postgraduate students are allotted single rooms.
Why IIT Madras is ranked 1? ›
Research and Professional Practice: Given the institute's research prowess, aiding research-inclined students in identifying ample research opportunities and quality projects, IIT Madras has the highest RP score among all IITs.
What is in hand salary for 1 crore package in India? ›
Some commonly searched salaries
| Annual Salary (LPA - lakh per annum) | Monthly Salary Range | Yearly Salary Range |
|---|
| 85 LPA in hand salary | 4,66,000 to 5,39,000 | 55,92,000 to 64,68,800 |
| 90 LPA in hand salary | 4,92,500 to 5,69,600 | 59,10,000 to 68,35,300 |
| 1 crore per annum in hand salary | 5,45,100 to 6,30,600 | 65,41,200 to 75,68,300 |
47 more rowsThe average salary received by students during campus placements for 2021-22 is Rs 21.48 Lakh per annum. The highest salary offered was USD 250,000. Around 380 companies during the placements made offers to the students.
What is the highest package in IIT Chennai 2022? ›
DOMS IIT Madras Placements FAQs
| Particulars | Statistics (2021) | Statistics (2022) |
|---|
| Top 10% | INR 1.68 LPA | INR 2.21 LPA |
| Top 25% | INR 1.24 LPA | INR 1.45 LPA |
| Top 50% | INR 92,905 | INR 91,800 |
IIT Madras Project Engineer salary in India ranges between ₹ 2.5 Lakhs to ₹ 6 with an average annual salary of ₹ 3.9 Lakhs. Salary estimates are based on 26 IIT Madras latest salaries received from various employees of IIT Madras.
What is the salary of professor in IIT Madras per month? ›
What is the salary of Professor at IIT Madras? Average IIT Madras Professor salary in India is ₹23.1 Lakhs for experience between 1 years to 15 years. Professor salary at IIT Madras India ranges between ₹12.2 Lakhs to ₹36.0 Lakhs. According to our estimates it is 51% more than the average Professor Salary in India.
As many as 80 per cent of students who opted for Campus Placements during 2021-22 have received job offers during placement 2021-22. (Photo credit: IIT Madras team)
