IIT Placements 2024: Highest Package & Top Recruiters

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IIT Placements 2024: Highest Package & Top Recruiters

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Mayank Mishra

Updated on 08th November, 2024 , 4 min read

 

About IITian Salary

An IIT salary per month in India can vary greatly depending on a number of factors, including industry, experience, job role. The starting salary for fresh graduates from prestigious IITs like IIT Bombay usually falls between INR 70,000 and INR 1,50,000 per month. Graduates in highly sought-after professions like consulting, data science, and software engineering frequently earn more than the average salary. IIT workers with 3-7 years of experience can make between INR 1,50,000 and INR 3,00,000 a month, particularly if they hold specialized or leadership positions. Top professionals in industries like investment banking, consulting, and technology can earn up to INR 3,00,000 a month for senior positions (8+ years of experience). 

Also read about-  IIT Delhi Cut-offs

Top domestic and international companies like Microsoft, Samsung, Google, Qualcomm, Goldman Sachs, Flipkart, Intel, HSBBC Holdings, IBM, Walmart, Bajaj Automobiles, Accenture, JP Morgan, Cisco, Deloitte, Caterpillar, Amazon, Adobe, TATA, Morgan Stanley, Accenture, ONGC, etc. visit the IIT campuses to recruit engineering graduates for various job roles.

Read this - 45% of IITians might remain Unplaced in 2024? IIT Madras Clarifies Placement Report

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Highest Salary Packages at IIT Placements 2024 

Following are the IIT average package and highest packages offered to IITians -

Name of IITHighest Salary OfferedAverage Salary OfferedTop Recruiters
IIT Bhubaneswar56 LPA16.27 LPA
  • Jaguar Landrover
  • Goldman Sachs
  • Amazon
  • Honeywell
  • Adobe
  • TCS R & D
  • TATA Steel
  • GE India
IIT BhilaiRs. 31.9 LPARs. 12 LPA
  • Aditya Birla Group
  • Amazon
  • Delhivery
  • Samsung
  • OYOP
  • Deloitte
  • Paytm
  • Larsen &Toubro
  • Reliance games
  • Napier Healthcare
  • Commvault
  • RAAM Group
  • Commvault
IIT BombayRs. 1.46 CroresRs. 17.91 LPA
  • Sony
  • Hyundai
  • Rakuten
  • AIRBUS
  • Schlumberger
  • TATA
  • Dr. Reddy
  • Accenture
IIT DelhiRs. 2 CPA1.25 CPA
  • Microsoft
  • Intel
  • Oracle
  • TATA
  • Goldman Sachs
  • HCL
IIT Dhanbad90LPA10LPA
  • Bloomberg
  • Google
  • Bytedance
IIT Dharwad40 LPA9 LPA
  • Google
  • Microsoft
  • McAfee
  • DRDO
IIT Gandhinagar40LPA8.96 LPA
  • Cognizant
  • BPCL
  • ITC
  • HPCL
  • Infosys
IIT Goa43LPA11.6LPA
  • 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 Hyderabad65 LPA23LPA
  • MTX
  • Microsoft
  • Accenture Japan
  • Rakuten
IIT Indore60LPA25LPA
  • Goldman Sachs
  • Arcesium
  • L&T
  • Analog Devices
IIT Jammu40LPA12.2LPA
  • Ericsson
  • ABB
  • TCS
  • LTI
IIT Kanpur2.8 CPA82LPA
  • Graviton
  • ICICI Bank
  • Microsoft
  • Rubrik
IIT Kharagpur24CPA14.27LPA
  • Google
  • Microsoft
  • Honeywell
IIT Madras70LPA20.58LPA
  • Qualcomm
  • Brain & Co
  • McKinsey & Co
  • Bajaj Auto Ltd
  • Microsoft India
IIT Mandi40LPA13.4LPA
  • Samsung
  • Amazon
  • Google
  • Paytm
  • Walmart
IIT Palakkad31.5LPA11.42LPA
  • Google
  • TCS
  • L&T
  • Zoom
IIT Patna61.3LPA47.9LPA
  • 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 Ropar17.45LPA14.56LPA
  • Google
  • Microsoft
  • Apple
  • Deloitte
IIT Tirupati40LPA11LPA
  • Goldman Sachs
  • Google
  • Microsoft
  • Amazon
  • ITC Ltd
IIT Varanasi (BHU)Rs. 2.05 Crores-
  • Google
  • Microsoft
  • Goldman Sachs

Also Read: Types of Engineering: Specializations, Top Colleges, Fees, Eligibility, Jobs, Salary and Scope

IIT Engineer Salary in Apple

Average Apple Software Engineer salary in India is INR 33.5 Lakhs per year for employees with less than 1 year of experience to 13 years. Software Engineer salary at Apple ranges between INR 14.0 Lakhs to INR 70.0 Lakhs per year.

IIT Engineer salary per month in Apple is INR 2,03,849 to INR 2,11,930 ( Estimated Tae Home Salary)

Experience LevelAverage Annual Salary
0 - 1 years₹ 18.0Lakhs
1 - 2 years₹ 28.5Lakhs
2 - 3 years₹ 28.5Lakhs
3 - 4 years₹ 24.5Lakhs
4 - 5 years₹ 35.6Lakhs
5 - 6 years₹ 34.0Lakhs
6 - 7 years₹ 24.0Lakhs
7 - 8 years (4 responses)₹ 26.0Lakhs
8 - 9 years (2 responses)₹ 20.2Lakhs
9 - 10 years (3 responses)₹ 29.9Lakhs
13 - 14 years (1 response)₹ 32.0Lakhs

Also Read: Electrical Engineering Syllabus and Subjects

IIT Engineer Salary In Apple: Similar Designations

Job RoleLowest SalaryAverage SalaryHighest Salary
Senior Software Engineer15 LPA35.5 LPA75.8 LPA
Associate Software Engineer8 LPA32.9 LPA64 LPA
Software Development Engineer13.5 LPA30.7 LPA67 LPA
System Engineer17 LPA19.9 LPA26 LPA
Senior Engineer Salary10 LPA30.4 LPA70LPA
Software Developer12 LPA34.8 LPA65 LPA
Lead Engineer21 LPA35.9 LPA42.5 LPA

Also read -

Apple Employ Benefits

  • Job Training
  • Soft Skill Training
  • Health Insurance
  • Team Outings
  • Education Assistance
  • Work From Home
  • Free Transport
  • International Relocation
  • Free Food
  • Gymnasium
  • Cafeteria
  • Child care

Also Read: Marine Engineer Salary

IIT Engineer Salary in Microsoft

Average Microsoft Corporation Software Engineer salary in India is INR 27.5 Lakhs per year for employees with experience between 1 year to 9 years. Software Engineer salary at Microsoft Corporation ranges between INR 13.2 Lakhs to INR 50.0 Lakhs per year.

IIT Engineer salary per month in Microsoft is between INR 1,71,854 – INR I,78,,487 ( Estimated Take Home Salary)

Experience LevelAverage Annual Salary
1 - 2 years INR 25.4Lakhs
2 - 3 years INR 23.1Lakhs
3 - 4 yearsINR 24.3Lakhs
4 - 5 yearsINR 24.4Lakhs
5 - 6 yearsINR 25.4Lakhs
6 - 7 yearsINR 24.6Lakhs
7 - 8 yearsINR 25.1Lakhs
8 - 9 yearsINR 24.4Lakhs
9 - 10 yearsINR 27.4Lakhs

Also read - CMA Salary in India

Job RoleLowest SalaryAverage SalaryHighest Salary
Senior Software Engineer20 LPA41.8 LPA82 LPA
Associate Software Engineer8.5 LPA32.7 LPA70 LPA
Software Development Engineer14 LPA26.8 LPA45 LPA
System Engineer4.4 LPA17.5 LPA42 LPA
Senior Engineer12 LPA35.2 LPA65 LPA
Software Developer13 LPA28.5 LPA52 LPA
Lead Engineer30.5 LPA40.5 LPA60 LPA

Microsoft corporation Employee Benefits

  • Cafeteria
  • Work from Home
  • Health Insurance
  • Free Transport
  • Free Food
  • Gymnasium
  • Team Outings
  • Soft Skill Training
  • Education Assistance
  • Job Training
  • Child Care
  • International Relocation

Also Read: DevOps Engineer Salary

IIT Engineer Salary in Google

The estimated total pay for a IIT Engineer at Google is INR 233,569 per month. The estimated base pay is INR 226,217 per month. The estimated additional pay is INR 7,352 per month. Additional pay could include bonus, stock, commission, profit sharing or tips. Average Google Software Engineer salary in India is INR 40.7 Lakhs per year for employees with less than 1 year of experience to 8 years. Software Engineer salary at Google ranges between INR 12.0 Lakhs to INR 100.0 Lakhs per year.

IIT Engineer salary per month in Google is INR 2,41,954 to INR 2,51,946 ( Estimated Take Home Salary)

Experience LevelAverage Annual Salary
0 - 1 years (21 responses)INR 39.0Lakhs
1 - 2 years (18 responses)INR 31.5Lakhs
2 - 3 years (18 responses)INR 33.8Lakhs
3 - 4 years (15 responses)INR 37.0Lakhs
4 - 5 years (14 responses)INR 37.8Lakhs
5 - 6 years (7 responses)INR 31.2Lakhs
6 - 7 years (3 responses)INR 48.3Lakhs
7 - 8 years (3 responses)INR 42.7Lakhs
8 - 9 years (3 responses)INR 53.0Lakhs
9 - 10 years (1 response)INR 20.0Lakhs

Top Skills at Google for Software Engineer

  • Recruitment
  • Networking
  • Python
  • C++
  • System Design
  • Computer science
  • Javascript
  • Data Structures
  • Android
  • Artificial Intelligence
  • Coding
  • Natural Language Processing
  • Front End
  • Information Retrieval
  • Linux

IIT Engineer Salary in Google: Similar Designations

Job RoleLowest SalaryAverage SalaryHighest Salary
Senior Software  Engineer16 LPA50.2 LPA102 LPA
Associate Software Engineer8 LPA38.2 LPA100 LPA
Software Development Engineer15 LPA39.2 LPA95 LPA
System Engineer7 LPA30.8 LPA80 LPA
Senior Engineer16 LPA48 LPA100 LPA
Software Developer9 LPA35.2 LPA98 LPA

Google Employee Benefits

  • Free Food
  • Free Transport
  • Cafeteria
  • Job Training
  • Health Insurance
  • Work from Home
  • Soft skill Training
  • Team Outings
  • Education Assistance
  • International Relocation
  • Gymnasium
  • Child Care

IIT Engineer Salary in Different Companies

Company NameIIT Engineer Salary
AmazonINR 8.7 LPA – 48.0 LPA
UberINR 20 LPA – INR 2 Cr
FlipkartINR 6.3 LPA  - INR 32.5 LPA
Just DialINR  4 LPA – INR 12 LPA
RakutenINR 7 LPA – INR 22.3 LPA
MyntraINR 7.5 LPA – INR 28.5 LPA

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Frequently Asked Questions

Which IIT is best for placement?

IIT Bombay is regarded as one of the IITs with the best placement rates. This year, the institute’s biggest package was roughly 1.16 crore.

Does IIT have 100% placement?

Yes, all IITs provide their students with 100% placements. Only those students do not participate in the placement campaign who wish to pursue higher education.

What is the average package offered to IIT students?

The average annual compensation for students at the best IITs is between Rs 10 and 20 lakh, compared to Rs 5 to 10 lakh at other IITs.

What is the average placement package at IIT Bombay?

During the 2021 placement drive, the average domestic CTC was Rs 20.34 LPA.

Is there any placement exam at IITs?

Yes, IIT Bombay conducts a Placement Common Aptitude Test (PCAT) which is a standardized test conducted before the screening of candidates.

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