IIT Placements 2023-24: Highest Package Offered, Top Recruiters

IIT Placements 2023-24 commenced for the top IITs on December 1, 2023, with crore-plus offers from trading and investment firms. IIT Kharagpur has bagged over 700 offers with 6 offers of more than INR 1 crore per annum. At IIT Delhi, 1,050 students have been placed in top firms, while 989 offers have been made at IIT Kanpur. With 1,340 job offers made to IIT Bombay graduates, 22 students secured lucrative salary packages of above INR 1 crore per annum. IIT placements across India are usually conducted between December and May. While the highest package of IIT in 2023-24, as recorded by IIT Kharagpur, stood at INR 2.68 CPA, the IIT average package ranges from INR 20-50 LPA. Some top recruiters at IITs include Capital One, Oracle, Nutanix, Boston Consulting Group, Bain & Company, McKinsey & Company, JP Morgan Chase, Bajaj, etc.

Top IIT Placements

After graduation, engineering students are offered various roles in different domains and sectors. In this article, one can find all the information related to IIT placements 2024 across all the campuses including IIT Madras, IIT Bombay, IIT Kharagpur, IIT Delhi, IIT Kanpur, and IIT Guwahati.

IIT Madras Placements

IIT Madras has completed Phase 1 of its 2023-24 placement drive. According to reports, around 50% of the students have already been hired by top MNCs and recruiters such as Amazon, EY, JP Morgan, TCS, Bajaj Auto Limited, and Adobe. Additionally, over 55% of the recruited candidates are from economically backward classes. IIT Madras has also seen a nearly 19% increase in internship opportunities. The median salary offered was over INR 19 Lakhs, with the highest package received by B. Tech and M. Tech students being INR 1.31 CPA and INR 54.21 LPA, respectively. The highest package offered to a PhD student during the IIT Madras Phase 1 Placement 2023-24 was INR 35.89 LPA.

IIT Kharagpur Placements 

Phase I of the IIT Kharagpur 2023-24 placement process began on December 1, and all the students participated in person. After the first day of recruitment, over 61 companies offered 771 placements to students for various roles, including core engineering, banking and finance, software, consulting, and more. Top recruiters such as Microsoft, Google, Databricks, and Apple emerged. There were over 121 job profiles available, including 19 international offers. On the first day of the placement drive, 6 students were offered an annual package of over INR 1 Crore.

IIT Delhi Placements

The class of 2024 at IIT Delhi received 1,050 job offers in the first phase of placements. Out of these, 20 international firms from Japan, South Korea, Taiwan, the USA, and the Netherlands made 50 job offers. A total of 370 international and domestic companies participated in the IIT Delhi placements for 2023-24. Phase I of the placements presented over 660 job profiles across various sectors. The second round of placements will commence in mid-January 2024. Students from IIT Delhi received direct international job offers from countries such as Singapore, Hong Kong, the Netherlands, South Korea, Japan, the United States, and the UK. Although the higher-value packages offered during the placements have not been disclosed, the expected average salary after placement will range between INR 60 Lakh and INR 70 Lakh, with the highest package tentatively around INR 1.5 Crores.

IIT Bombay Placements 

IIT Bombay witnessed 4 students securing offers of more than one crore from Samsung, Korea. Over 20 students were placed in various job roles at Qualcomm, with an average salary package ranging from INR 60 lakh to INR 80 lakh. This year, 193 students were placed, a significant increase from the 183 placements last year. The round 2 placements at IIT Bombay will commence soon. Last year, a total of 25 students received offers exceeding Rs 1 crore. Out of the total, 1224 offers were accepted by students, including 63 international offers (71 international offers were given). 

IIT Kanpur Placements

The first round of IIT Kanpur's 2023-24 placement drive concluded successfully, with a total of 989 offers, including 22 international ones. Out of these, 913 students have secured employment, including those with Pre-Placement Offers (PPOs), showcasing the institute's commitment to providing excellent career opportunities despite fluctuating market conditions. Key recruiters for the placement drive included Texas Instruments, Qualcomm, Microsoft, Goldman Sachs, Deutsche Bank, and Navi. The average salary for IIT Kanpur graduates is an impressive Rs 26.27 LPA (lakh per annum), underscoring the high calibre of the graduating talent. In comparison to 2022, the top domestic package for 2023 saw a growth of over 58%. Additionally, 33 students were placed for INR 1 Crore across national and international organizations, while the highest domestic package was valued at INR 1.9 Crore.

IIT Guwahati Placements 

The placement report released by IIT Guwahati revealed that the highest international package offered was INR 2.4 CPA, while the highest domestic package stood at INR 1.2 CPA. A total of 246 major companies from IT/Software, Finance, and Non-Tech Profile sectors secured the most placements, followed by the Core Engineering, Design, and Education sectors. The percentage of companies with an overall placement rate of 78.04% showed an increase of approximately 37%. MDes program had the highest placement rate among all programs, standing at 89.66%. Notable recruiters included HPCL, Navi, Qualcomm, Texas Instruments, Schlumberger, Piramal, TVS R&D, and GAIL.

IIT Roorkee Placements

During the phase-1 placements at IIT Roorkee in 2024, a total of 802 offers were made, out of which 23 were international offers. Notably, Databricks offered a student a remarkable salary package worth INR 2.05 crore per annum during the first round of placements in the 2023–2024 academic year. Additionally, the MBA package offered in 2023 saw an increase of more than 8% compared to the previous year. A total of 172 companies participated in the round 1 placements at IIT Roorkee, showcasing the diverse opportunities available to the students.

Also Check: List of Top NIT Colleges in India 2024

Highest Package of IIT Placements 2023 (2024 Graduating Batch)

Based on the initial phase of the IIT Placements 2023-24, the major highlights, along with the salary packages and top recruiters, have been shared below. 

Name of the IIT	Highest Annual Package	Average Annual Package	Top Recruiters	More Details
IIT Kharagpur	INR 2.68 CPA	INR 22.13 LPA	Apple Capital One Airbus EXL Services Microsoft Google Square Point Rubrik	IIT Kharagpur Placements
IIT Bombay	INR 1.68-3.67 CPA	INR 60-80 LPA	Samsung Qualcomm American Express Honda Japan McKinsey & Company Boston Consulting Group	IIT Bombay Placements
IIT Delhi	INR 1.5 CPA (Tentative)	INR 60-70 LPA (Tentative)	Microsoft Texas Instruments Goldman Sachs	IIT Delhi Placements
IIT Kanpur	INR 1.9 CPA	INR 45 LPA	Texas Instruments Qualcomm Microsoft Goldman Sachs Deutsche Bank Navi	IIT Kanpur Placements
IIT Guwahati	INR 1.20-2.40 CPA	INR 25.75 LPA	Microsoft Google HPCL Bajaj Navi Qualcomm Texas Instruments Piramal	IIT Guwahati Placements
IIT Roorkee	INR 2.05 CPA	INR 18.24-22.85 LPA	Databricks Microsoft JP Morgan Google	IIT Roorkee Placements
IIT Madras	INR 1.31 CPA	INR 19 LPA	Amazon EY India Bajaj Auto Limited Reliance Texas Instruments TCS JP Morgan Chase and Co Procter and Gamble Adobe Dr. Reddy’s Laboratories	IIT Madras Placements
IIT Tirupati	INR 46 LPA	-	Microsoft TCS Amazon HCL Synopsys Cognizant Paytm ICICI Bank IBM Goldman Sachs	IIT Tirupati Placements
IIT Ropar	INR 55 LPA	INR 22.49 LPA	Goldman Sachs Infosys Amazon	IIT Ropar Placements
IIT Goa	INR 60 LPA	INR 17.19 LPA	Accenture Japan Willings Linkstaff	IIT Goa Placements
IIT Dharwad	INR 40 LPA	INR 18.53 LPA	Cred Paytm Air Asia LG Jio IBM MakeMyTrip	IIT Dharwad Placements
IIT Indore	INR 68 LPA	INR 25.45 LPA	Microsoft Zomato Amazon Capgemini Qualcomm	IIT Indore Placements
IIT Varanasi (BHU)	INR 1.68 CPA	INR 31 LPA	Airbnb India Uber Microsoft Accenture Piramal	IIT Varanasi Placements
IIT Gandhinagar	-	INR 19.34 LPA	Accenture Amazon Amul Cognizant Byju’s Deloitte Adobe	IIT Gandhinagar Placements
IIT Bhubaneshwar	INR 55.75 LPA	INR 17.68 LPA	Google Microsoft Amazon Goldman Sachs Flipkart	IIT Bhubaneshwar Placements
IIT Jodhpur	INR 53 LPA	INR 21.30 LPA	TATA 1mg Samsung Oracle Flipkart Publicis Sapient Mercedes Benz Adobe	IIT Jodhpur Placements
IIT Hyderabad	INR 63.78 LPA	INR 20.07 LPA	Google Microsoft Amazon Goldman Sachs Flipkart Adobe	IIT Hyderabad Placements
IIT Jammu	INR 53 LPA	INR 17.6 LPA	Accenture Amazon HCL Tech Mahindra HDFC Bank	IIT Jammu Placements
IIT Mandi	INR 60 LPA	INR 25.23 LPA	Flipkart TATA 1mg Microsoft Uber Amazon Walmart	IIT Mandi Placements
IIT Patna	INR 82.05 LPA	INR 23.90 LPA	Accenture Japan Rakuten Japan Denso Corporation Amazon Google Adobe	IIT Patna Placements
IIT Palakkad	INR 46.16 LPA	INR 13.93 LPA	Accenture Arista Networks HCL ICICI Bank	IIT Palakkad Placements
IIT Bhilai	INR 48.64 LPA	INR 19.93 LPA	Amazon Cognizant Jio OYO MAQ Software LTI Bosch Deloitte	IIT Bhilai Placements
IIT Dhanbad	INR 83 LPA	INR 17.01 LPA	Axis Bank Oracle American Express Samsung HCL Flipkart IBM	IIT Dhanbad Placements

Also Read: NIT vs IIIT - Which is the Best Option after JEE Main 2024?

Highest Package of IIT Placements 2022 (2023 Graduating Batch)

The details about the placement highlights and the highest package of IIT have been updated here:

Highest Package of IIT Placements 2021 (2022 Graduating Batch)

IIT placements 2021 for the graduating batch of 2022 began on December 1. The IIT placement highlights and the salary package details have been updated here:

Name of IIT	Highest Package Offered	Average Salary Offered	Top Recruiters
IIT Bhubaneswar	56 LPA	16.27 LPA	Jaguar Landrover Goldman Sachs Amazon Honeywell Adobe TCS R & D TATA Steel GE India
IIT Bhilai	Rs. 31.9 LPA	Rs. 12 LPA	Aditya Birla Group Amazon Delhivery Samsung OYOP Deloitte Paytm Larsen &Toubro Reliance games Napier Healthcare Commvault RAAM Group Commvault
IIT Bombay	Rs. 1.46 Crores	Rs. 17.91 LPA	Sony Hyundai Rakuten AIRBUS Schlumberger TATA Dr. Reddy Accenture
IIT Delhi	Rs. 2 CPA	1.25 CPA	Microsoft Intel Oracle TATA Goldman Sachs HCL
IIT Dhanbad	90LPA	10LPA	Bloomberg Google Bytedance
IIT Dharwad	40 LPA	9 LPA	Google Microsoft McAfee DRDO
IIT Gandhinagar	40LPA	8.96 LPA	Cognizant BPCL ITC HPCL Infosys
IIT Goa	43LPA	11.6LPA	Microsoft Paytm Intel Mathworks RelianceJio
IIT Guwahati	Rs. 2 Crores (International) Rs. 1.2 Crores (Domestic)	21.41LPA	Amazon Apple Flipkart Micrsosoft Google Adobe
IIT Hyderabad	65 LPA	23LPA	MTX Microsoft Accenture Japan Rakuten
IIT Indore	60LPA	25LPA	Goldman Sachs Arcesium L&T Analog Devices
IIT Jammu	40LPA	12.2LPA	Ericsson ABB TCS LTI
IIT Kanpur	2.8 CPA	82LPA	Graviton ICICI Bank Microsoft Rubrik
IIT Kharagpur	24CPA	14.27LPA	Google Microsoft Honeywell
IIT Madras	70LPA	20.58LPA	Qualcomm Brain & Co McKinsey & Co Bajaj Auto Ltd Microsoft India
IIT Mandi	40LPA	13.4LPA	Samsung Amazon Google Paytm Walmart
IIT Palakkad	31.5LPA	11.42LPA	Google TCS L&T Zoom
IIT Patna	61.3LPA	47.9LPA	Orcle Accenture Japan Paytm NETApp TATA Electronics
IIT Roorkee	Rs. 2.15 Crores (International) Rs. 1.30 Crores (Domestic)	-	Apple Hindustan Unilever Amazon ITC Ltd Intel Technologies
IIT Ropar	17.45LPA	14.56LPA	Google Microsoft Apple Deloitte
IIT Tirupati	40LPA	11LPA	Goldman Sachs Google Microsoft Amazon ITC Ltd
IIT Varanasi (BHU)	Rs. 2.05 Crores	-	Google Microsoft Goldman Sachs

Highest Package of IIT Placements 2020 (2021 Graduating Batch)

Here are the major highlights of IIT Placements 2020, and this data is applicable for the graduating batch of 2021. Candidates can check the highest package of IIT for 2020 below. 

Name of IIT	Highest Package Offered	Average Salary Offered	Top Recruiters
IIT Bhubaneswar	Rs. 56 LPA	Rs. 16.27 LPA	Jaguar LandRover Goldman Sachs Amazon Honeywell Adobe Qualcomm
IIT Bhilai	Rs. 31.9 LPA	-	-
IIT Bombay	-	Rs. 20.8 LPA	-
IIT Delhi	-	-	-
IIT Dhanbad	Rs. 90 LPA	Rs. 10 LPA	-
IIT Dharwad	Rs. 25 LPA	Rs. 11 LPA	Capgemini TCS Infosys
IIT Gandhinagar	-	-	-
IIT Goa	Rs. 43 LPA	Rs. 11.6 LPA	Bocsh KPMG Texas Instruments
IIT Guwahati	Rs. 70 LPA	Rs. 23.42 LPA	-
IIT Hyderabad	Rs. 60 LPA	Rs. 15.41 LPA	Microsoft Accenture Japan
IIT Indore	Rs. 65 LPA	Rs. 22.92 LPA	Amazon Accenture Infosys
IIT Jammu	Rs. 40 LPA	Rs. 12.2 LPA	Chegg India Optum Arista Networks
IIT Kanpur	Rs. 1.47 Crore Per Annum (International) Rs. 82 LPA (Domestic)	-	Microsoft Google Infosys
IIT Kharagpur	-	Rs. 19 LPA	Microsoft Master Card Goldman Sachs Honeywell
IIT Madras	Rs. 70 LPA	Rs. 20.58 LPA	Microsoft Goldman Sachs
IIT Mandi	-	-	-
IIT Palakkad	Rs. 31.5 LPA	Rs. 11.42 LPA	TCS Arista Network Honeywell
IIT Patna	Rs. 54.57 LPA	Rs. 16.7 LPA	Goldman Sachs Adobe
IIT Roorkee	-	-	-
IIT Ropar	Rs. 17.45 LPA	Rs. 14.56 LPA	Amazon Microsoft Samsung Engineering
IIT Tirupati	Rs. 40 LPA	Rs. 11 LPA	-
IIT Varanasi (BHU)	-	Rs. 11.50 LPA	-

Highest Package of IIT Placements 2019 (2020 Graduating Batch)

The Indian Institutes of Technology conducted its final placements at IITs for 2019 from December 2019 to November 2020 for the batch graduating in 2020. The students enrolled in the different programs offered by IITs took part in a two-phase placement drive. The students were required to apply for the placement drive and select the best options among the job offers offered by the various companies, visiting the campuses of the Institutes. Here are the highest and average packages that have been offered to the students via IIT placement along with the top recruiters' list -

Name of IIT	Highest Package Offered	Average Salary Offered	Top Recruiters
IIT Bhubaneswar	Rs. 43.43 LPA	Rs. 15.8 LPA	Goldman Sachs GE India Maruti Suzuki Mahindra & Mahindra Infosys
IIT Bhilai	Rs. 20 LPA	Rs. 11 LPA	Deloitte Bosch Samsung
IIT Bombay	Rs. 1.16 Crore Per Ammum	Rs. 16.06 LPA	Microsoft Samsung
IIT Delhi	Rs. 1 Crore Per Annum	Rs. 16 LPA	Microsoft Intel Oracle Goldman Sachs
IIT Dhanbad	Rs. 90 LPA (Approximate)	Rs. 14 LPA	-
IIT Dharwad	Rs. 35-40 LPA	Rs. 9 LPA	Honda India Microsoft Research
IIT Gandhinagar	Rs. 17.23 LPA (Domestic) Rs. 40 LPA (International)	Rs. 8.96 LPA	Goldman Sachs HPCL IOCL ITC
IIT Goa	Rs. 30 LPA	Rs. 18 LPA	Microsoft Amazon
IIT Guwahati	Rs. 1.15 Crore Per Annum	-	Microsoft Goldman Sachs
IIT Hyderabad	Rs. 60.41 LPA	Rs. 22.07 LPA	Infosys Oracle Amazon Accenture
IIT Indore	Rs. 47 LPA	Rs. 18.87 LPA	Microsoft HCL Maruti Suzuki
IIT Jammu	-	-	Amazon Arista Networks
IIT Jodhpur	Rs. 43 LPA	Rs. 14.33 LPA	Goldman Sachs Amazon Microsoft Morgan Stanley
IIT Kanpur	Rs. 62.68 LPA (Domestic) Rs. 1.54 Crore Per Annum (International)	-	Google Microsoft
IIT Kharagpur	-	Rs. 8 LPA	Microsoft Tata Steel L & T 28 offers from 5 Japanese Companies
IIT Madras	Rs. 1.33 Crore Per Annum	Rs. 16.1 LPA	Infosys Tata Wipro Cognizant
IIT Mandi	-	Rs. 14 LPA	Microsoft Amazon L & T
IIT Palakkad	Rs. 21.34 LPA	Rs. 9.93 LPA	Arista Networks TCS L & T Honeywell
IIT Patna	Rs. 59 LPA	Rs. 14.76 LPA	Accenture Goldman Sachs Infosys
IIT Roorkee	Rs. 1.54 Crore Per Ammum (International) Rs. 69.5 LPA (Domestic)	Rs. 16 LPA	Microsoft Google JP Morgan
IIT Ropar	-	Rs. 15.85 LPA	-
IIT Tirupati	Rs. 43.4 LPA	Rs. 11 LPA	TCS Bosch L & T
IIT Varanasi (BHU)	Rs. 1.04 Core Per Ammum	Rs. 8.19 LPA	-

Highest Package of IIT Placements 2018 (2019 Graduating Batch)

Final placements at IITs commence in December of every year. Candidates apply for different companies, and choose the best option among the job offers available. The students’ choice depends on the nature of the work, the salary offered, etc. Here is the complete analysis of the highest package of IIT offered to IIT B.Tech/ M.Tech graduates so far. The data given below includes the IIT placement record of 2019.

Name of the IIT	Highest Package Offered	Average Salary Offered	Top Recruiters
IIT Bombay	Rs. 1.5 Crore Per Annum	Rs.. 18 (Lakh Per Annum)	Microsoft Goldman Sachs Qualcomm Tata Steel Uber Morgan Stanley Rubrik
IIT Madras	Rs. 95.87 LPA	Rs. 12 - 20 LPA	Dell Intel Microsoft Samsung Research Institute Tivo Barclays Oyo Axis Bank Flipkart
IIT Kharagpur	Rs. 1 Crore Per Annum	Rs. 13.3 LPA	Intel Quantiphi PWC Tata Steel Goldman Sachs SAP Labs Qualcomm
IIT Kanpur	Rs. 1.42 Crore Per Annum	Rs. 15.8 LPA	-
IIT Delhi	Rs. 1.4 Crore Per Annum	-	Microsoft EXL Bangalore Samsung Research Goldman Sachs Intel
IIT Indore	6 milliion Yen (International) 36.5 lakh (Domestic)	Rs. 16.6 LPA	Bharat Seats Intel L & T DE Shaw MAQ Software Cognizant Amazon L & T Infotech
IIT Goa	-	-	-
IIT Guwahati	Rs. 44 lakh (Domestic) Rs. 1.5 crore (International)	Rs. 15.57 LPA	Cognizant Tata Motors L & T Reliance Ameican Express Adobe Amazon Samsung Microsoft
IIT Roorkee	Rs. 1.5 crore (International) RS. 47 lakh (Domestic)	Rs. 20 LPA	Microsoft Uber ONGC ITC ISRO Schlumberger Goldman Sachs Tower Research
IIT Hyderabad	Rs. 40 LPA	Rs. 11.5 LPA	Qualcomm Goldman Sachs Oracle DE Shaw Yahoo Japan Maruti Suzuki Schlumberger Vedanta L & T Renault Nissan TCS
IIT Patna	Rs. 49.80 LPA	Rs. 11.47 LPA	Samsung Capgemini L & T ECC DESIS Microsoft Mahindra & Mahindra ISRO Infosys Adobe Amazon India
IIT Jammu	-	-	-
IIT Ropar	-	Rs. 11.7 LPA	Tata Motors Amazon Reliance Jio Goldman Sachs Samsung ISRO Saavan Mahindra & Mahindra
IIT (BHU) Varanasi	Rs. 1.38 Crore Per Annum	Rs. 8.19 LPA	Intel Mindtickle Tower Research Uber Oracle Microsoft Goldman Sachs
IIT Gandhinagar	-	Rs. 16.3 LPA	Bharat Petroleum Cognizant Ericsson ITC Ltd Tata Motors TCS Virtusa
IIT Jodhpur	Rs. 32.5 LPA	Rs. 11 LPA	Tata Motors TVS Volvo Eicher Mahindra Morgan Stanley Amazon DE Shaw Goldman Sachs Microsoft
IIT Tirupati	-	-	-
IIT Dhanbad	Rs. 41.89 LPA	Rs. 11 LPA	Accenture Tata Motors PWC DE Shaw Berger Paints Avanti Learning Vedanta Capgemini BPCL Byju's Learning Crisil Coal India
IIT Bhubaneswar	Rs. 39 LPA	Rs. 11.15 LPA	Adobe TCS R & D Infosys Oracle Samsung R & D Renault Nissan Goldman Sachs ISRO
IIT Dharwad	-	-	-
IIT Palakkad	-	-	-
IIT Bhilai	-	-	-
IIT Mandi	-	Rs. 27 LPA	Goldman Sachs Oyorooms Wipro Siemens DE Shaw Leptonmaps Kisanhub Placnetworks Paly Simple

Also Read: Scholarships for Engineering Students In India

IIT Placements: Process

All IITs adhere to the detailed IIT placement process listed below for each student.

• With the help of student representatives, the Training & Placement Cell (a distinct unit at each IIT) extends invitations to companies accompanied by pertinent documents and information, such as the Job Announcement Form (JAF) and Placement Brochure.

• A company can also express interest in hiring students by contacting the relevant IITs' T&P Cell. They must email the T&P department at the IITs that interest them.

• T&P Cell will respond to the companies via email following receipt of a completed JAF and pertinent data from them. Based on the data in the JAF, dates are assigned for campus interviews.

• The T&P Cell and the organizations consult to determine an appropriate date for the Pre-Placement Talk (PPT). Upon notification from the companies, students are informed of the PPT date.

• Next, the companies visit IIT campuses to conduct the PPT.

• During the placement drive, companies may offer summer internships to pre-final year students who are interested.

• Interested students can register online with a specific company to submit their resumes or CVs for consideration for a shortlist.

• Before the campus visit for the final interviews, companies email the T&P Cell with the list of students who are shortlisted.

• On the designated dates, the companies come to the campus to make placements and hold group discussions, aptitude tests, technical tests, and personal interviews.

• Following the conclusion of the selection process, the companies provide the final list of selected students either on the same day or within a few days.

For the latest and updated IIT placements, stay tuned with us!

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