IIT Madras MBA Placement 2023: Average salary Up by 21% at Rs.20.19 LPA; Highest salary at Rs.30.60 LPA; Accenture, Cognizant, Deloitte, McKinsey among top Recruiters

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MBAUniverse.com News Desk |
May 22, 2023
Department of Management Studies (DoMS) at IIT Madras has yet again recorded 100% Placement for its MBA 2021-23 batch with high salary packages. The average salary for the batch has gone up by 21% at Rs.20.19 LPA and highest salary has also gone up by 21% at Rs.30.60 LPA. 42% students have got PPOs. Accenture, Cognizant Deloitte, McKinsey, Standard Chartered are among the top recruiters
IIT Madras MBA Placement 2023

The Department of Management Studies (DoMS) at IIT Madras has yet again recorded 100% Placement for its MBA 2021-23 batch with high average salary. The final placement process was conducted from December 2022 onwards and witnessed 26 companies recruiting for a wide variety of profiles from the campus. The placement process received active participation from companies across all domains, ensuring ample choice for the candidates to pursue careers in the field of their preferences. The diverse profiles offered by the companies to the batch is evidence of the quality and efforts of DoMS IIT Madras.

IIT Madras is ranked #1 overall among top institutes in India and 10th top Management institute among top 125 B-schools in India in Govt of India, MHRD, NIRF Ranking 2022. On successful MBA 2023 placements at IIT Madras, Haripriya B., Placement Manager at IIT Madras said, “This placement season has taken the Department of Management Studies, IIT Madras to great heights with its best performance to date under record placement time. We are thankful to the new recruiters such as PFC, P&G, Mphasis, India Mart along with our regular recruiters like McKinsey, Accenture, DELL, CISCO, Deloitte, IBM, and others, for strengthening their existing long term ties with the department.”

DoMS IIT Madras MBA Placement 2023: Key Highlights
The key highlights of the final placements are

  • Average Salary has gone up by 21.19% in Placement 2023 at Rs.20.19 LPA from Rs.16.66 LPA last year
  • Highest Salary in Placement 2023 has gone up by 20.95% at Rs.30.60 LPA from Rs.25.30 LPA last year
  • Batch Strength: 67 Students
  • Students Registered for placements 2023: 62
  • Companies Participated in DoMS IIT Madras placements: 26
  • 42% students were given Pre-placement offers (PPOs)
  • Average Salary for Top 10% students of the batch goes up at Rs.29.30 LPA from Rs.22.47 LPA last year
  • Average Salary for Top 25% students of the batch goes up at Rs.26.96 LPA from Rs.21.62 LPA last year
  • Average Salary for Top 50% students of the batch goes up at Rs.24.03 LPA from Rs. 20.27 LPA last year
  • Top Recruiters include Accenture, Deloitte, Cognizant, Dell, IBM, McKinsey, Standard Chartered among others

Domain Wise placements 2023
Analytics was the most preferred domain with 29.7% placements at DoMS IIT Madras placements 2023. General Management was the next preferred domain with 25.7% placements followed by Finance with 24.3% placements. Other prominent domains included Operations & Supply Chain with 12.2% placements followed by Marketing with 8.1% placements.

IIT Madras Top Recruiters

Source: IIT Madras

Profiles & Roles offered in Placement 2023
The variety of companies also brought a wide range of profiles for the candidates. Roles and profiles offered in different sectors and domains are as below:

  • Analytics: Associate Consultant, Data Scientist, Data Science Analyst, Business Analyst
  • General Management: Assistant Manager, Future Leader Trainee, Lead Consultant, Project Management
  • Finance: Assistant Manager, Associate Advisor, Management Trainee
  • Marketing: Product Analyst, Deputy Brand Manager, Management Trainee
  • Operations & Supply Chain: Product Supply Manager, Supply Chain Analyst, Management Trainee

Top Recruiters
The list of recruiters includes big names in the industry, such as Accenture, Deloitte, IBM, McKinsey, Dell, CISCO, HSBC, Tiger Analytics, Mahindra, Morgan Stanley, Standard Chartered among others

Source: IIT Madras

IIT Madras MBA 2021-23 Batch Profile
The Department of Management Studies at IIT Madras has a highly diverse MBA 2021-23 batch. Key highlights of batch profile are as below:

Gender Diversity

  • Male Students: 71.6%
  • Female Students: 28.4%

Education diversity:

Stream
Percentage of students
Science and Computer Applications
  6%
Commerce & Business Administration
  9%
Engineering
83%
Others
  2%

Work Experience of the Batch 2021-23

  • Students with Work Experience: 71.6%
  • Freshers: 28.4%
  • Average Work Experience: 3 Years

IIM Madras Tech MBA Placements 2023
As the name sounds this is the Technical MBA programme offered at IIT Madras. Tech MBA is an Interdisciplinary Dual Degree program for Undergraduate students of IIT Madras. Students who are currently in their 3rd year of graduation can pursue Tech MBA and the program goes on for a complete 2 years.  Tech MBA connects the business verticals like Strategy, Operations, Finance, Marketing and its scientific, mathematical counterparts. This helps train students to solve today’s business problems in a better way, it helps engineering students to understand the business needs of the companies where they are performing technical roles. In Today’s world most of the companies are technical so this combination of skills helps in the betterment of companies.

Tech MBA Placements 2023: Key Highlights

  • Students Registered: 9
  • Students Placed: 100%
  • Highest Salary offered: Rs.22 LPA
  • Average Salary for the batch: Rs.18.90 LPA
  • Companies Participated in Placements: 7

MS Placements 2023
Master of Science at DoMS, IIT Madras, is a post graduate program best suited for candidates who are starting their research careers, changing careers or even for those who are seeking specific academic competence. M.S. prepares the student in undertaking logical, rigorous, and managerially relevant research in various areas of management. This program is characterized by significant research component in the curriculum.

The MS (by Research) program emphasizes the use of logical, analytical, experimental and intuitive thinking skills in the pursuit of research. It is a program for those starting research careers; helps students seeking a research oriented industry job (e.g. R &D profile or for a role that involves macro level design and conceptualization).

Key Placement Highlights

  • Students Registered for Placements: 2
  • Companies Participated: 11
  • Highest Salary: Rs.21.63 LPA
  • Average Salary: Rs.19.31 LPA

Profiles Offered

  • Data Science
  • Analyst

The Department of Management Studies at IIT Madras was established in the year 2004 as a home to the popular Master in Business Administration course being taught since August 2001. IIT Madras was the first IIT to open its doors to enthusiasts from streams other than Engineering such as B.A, B.Sc & B.Com in 2013. Besides offering the MBA program, the department has research programs at the Master’s (MS) and Doctoral (PhD) levels and an Executive MBA program for the middle and senior level executives.  The department is also a partner in multi-institutional Diploma program (PGPEX - VLM) for Visionary Leaders in Manufacturing, along with IIM Calcutta and IIT Kanpur. Consultancy and Executive Development programs are some of the other activities undertaken by the Department.

The Master of Business Administration (MBA) at IIT Madras is a two-year, full-time, seven quarter program aimed at training graduates to become capable managers. Students are provided a well-rounded learning experience in terms of management theory and actual practice. The program involves classroom teaching, case discussions, hands-on management internship in industry and project work. The program comprises seven quarters of course work, with four quarters for first year and three quarters for second year. The program is structured in such a way that students can join the industry at the same time with their peers from other business schools.  Each quarter is usually of eight weeks duration. Specializations in MBA program are offered in the areas of Finance, HR & OB, Marketing, Operations, Information systems and Integrative Management which helps to march on the path of Entrepreneurship. MBA Admission process in IIT Madras is through CAT exam conducted by IIMs. Application for admission opens in the first week of January for a month.

Stay tuned to MBAUniverse.com for more updates on DoMS- IIT Madras