Starting Salary of Indian Institutes of Technology (IIT) Students: Understanding the Concept of CTC

Starting Salary of Indian Institutes of Technology (IIT) Students: Understanding the Concept of CTC
Calendar 2023-09-14

Annual income of new graduates in India

As of 2022, the average annual income 543,500 in India is reportedly around 387,500. Among them, it has been revealed that the top 5.5% (960 students) of new IIT graduates have received an annual salary offer of 5 million (about 8.4 million yen) from companies that received unofficial job offers through placements. However, this was only the top 5%, with about 11% of students at the top and 40% in the next tier receiving offers worth as much as $1.6 million (about $2.7 million). Others have received annual offers ranging from draft 1 million (about 1.6 million yen) to draft 1.6 million (about 2.7 million yen). Although it is lower than the average annual income of 4.67 million yen in Japan according to a survey by the National Tax Agency, it shows how high the annual income of IIT students is compared with the average annual income in India.


 https://www.jobted.in/salary#:~:text=The%20average%20salary%20in%20India,or%20%E2%82%B932%2C840%20per%20month


https://www.nta.go.jp/publication/statistics/kokuzeicho/minkan1997/menu/03.htm



The table below shows the highest and average salary offers for engineers at each IIT school. (2021/2022)



Name of IIT

Highest Salary 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



Quote

https://www.collegesearch.in/articles/iit-engineer-salary-per-month-crs#:~:text=Placements%20in%20different%20Indian%20Institutes,10%2D20%20lakh%20per%20annum.



Annual income of new graduates at Japanese companies

Japanese companies are actively hiring Indian engineers, and new IIT graduates are especially in demand. At some major Japanese companies, the starting salary for new IIT graduates is set at around 5 to 7 million yen per year. This includes adjustments for language and technical skills and positions.



Annual income of new graduates at overseas companies

International companies, especially U.S. technology companies, appreciate IIT graduates. According to reports, starting salaries for new IIT graduates at companies such as Google, Microsoft, and Facebook range from about $100,000 to –$150,000 (about 11 to 16.5 million JPY)per year.



These figures show how highly IIT education is valued at home and abroad. With their varied expertise and skills, IIT graduates receive highly competitive compensation in companies around the world. It’s also a good idea to consider the salary levels of foreign companies when considering IIT student recruitment!


If you are interested in hiring students from the Indian Institutes of Technology(IIT) or foreign engineers, please make inquiries [https://beyond-t.jp/contact]

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