IIT Madras Placement 2024: Highlights, Average Package, Top Recruiters & More

IIT Madras Placement 2024 continues to manage its position as one of the leading engineering institutions in India. Its 2024 placement statistics reflect exceptional performance across various disciplines. With a network of top-tier recruiters and impressive salary packages, IIT Madras remains a preferred choice for aspiring engineers and professionals. 

This blog explores the key highlights of the 2024 placement season, including pre-placement offers, the average packages across different programs, and a look at some of the prominent companies that actively recruited from the campus.

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IIT Madras Placement 2024 Highlights

The placement season for 2024 at IIT Madras has proven to be exceptionally successful, reflecting the institute’s strong connections with industry leaders and its reputation for producing top-tier talent. A total of 1,722 students registered for placements, leading to 445  job offers—a testament to the robust demand for IIT Madras graduates.

This year, the institute recorded 407  pre-placement offers, indicating proactive recruitment efforts from various companies eager to secure talent ahead of the formal placement drive. Notably, 25 candidates received packages exceeding INR 1 crore per annum, showcasing the opportunities available to high-achieving graduates. Additionally, the placement drive featured 15 international offers, highlighting the global appeal of IIT Madras placements.

With 331 companies participating, including renowned recruiters such as Microsoft, Goldman Sachs, and McKinsey & Company, the 2024 placement statistics reaffirm IIT Madras’s position as a leading institution in engineering and technology education, providing students with exceptional career prospects.

Know more: IIT Kharagpur Placements 2024: Highlights, Average Package and more

IIT Madras MBA Placement 2024

The IIT Madras MBA Placements for 2024 have showcased outstanding results, reaffirming the program’s strong reputation and its alignment with industry demands. The highest cost to company (CTC) recorded this year was an impressive INR 29.65 lakh per annum, reflecting the lucrative opportunities available to graduates. The average CTC stood at INR 16.93 lakh per annum, while the median CTC was slightly lower at INR 16.39 lakh, indicating a healthy salary distribution among the cohort.

Notably, the top 25% of graduates achieved an average CTC of INR 21.89 lakh, highlighting the strong performance of high-achieving candidates. The placement percentage reached a remarkable 100%, demonstrating the program’s effectiveness in preparing students for the job market. 

Additionally, 37% of students received pre-placement offers (PPOs), showcasing the proactive engagement of companies in recruiting talent before the formal placement process.

Prominent recruiters included industry giants such as Bank of America, P&G, Deloitte, Accenture, Morgan Stanley, VIP, and ICICI Bank, illustrating the diverse opportunities available to MBA graduates from IIT Madras. Overall, the 2024 MBA placement results reflect the institute’s commitment to excellence and its ability to connect students with leading organizations.

Know more: Indian Institute Of Management, Tiruchirappalli – Placements

IIT Madras Placements Report 2023

The IIT Madras Placements Report for 2023 highlights a successful recruitment season, reflecting the institution’s strong industry connections and the high demand for its graduates. This year, a total of 1,612 job offers were made, with 258 pre-placement offers (PPOs) extended to students, indicating strong engagement between students and prospective employers.

Over 480 companies participated in the placement process, with top job roles including Software Development Engineer, Data Scientist, Quant Analyst, and Core Engineer. The highest CTC offered reached an impressive INR 1.31 crore per annum, while the lowest package stood at INR 5.4 lakh per annum, showcasing a wide range of opportunities for graduates.

The breakdown of offers illustrates the competitive nature of placements, with 172 offers exceeding INR 30 lakh per annum, and 48 offers in the INR 25-30 lakh range. Furthermore, 135 offers fell between INR 20-25 lakh, while 312 offers were between INR 15-20 lakh, indicating robust demand across various salary brackets.

Prominent recruiters included American Express, Cogoport, Linecraft AI, and SAP Labs, further solidifying IIT Madras’s reputation as a leading institution in engineering and technology education, providing students with exceptional career prospects.

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Conclusion

The IIT Madras Placement 2024 season at IIT Madras has showcased remarkable success, reinforcing its reputation for academic excellence and industry readiness. With 100% placement for MBA students and many international offers, the institute continues to attract top recruiters, offering lucrative career opportunities for its graduates. As IIT Madras adapts to the evolving job market, students can look forward to a wealth of prospects, ensuring the institution remains at the forefront of engineering and management education in India.