IIT Madras Finance & Accounting Salaries by 50+ Employees (Updated 2024)

Designation	Avg Annual Salary	Open Jobs
Junior Executive 0 - 6 years exp. (13 salaries)	₹1.7 L/yr - ₹4.2 L/yr
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Junior Accounts Executive 3 - 5 years exp. (5 salaries)	₹3.2 L/yr - ₹5 L/yr
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Project Assistant 1 - 3 years exp. (4 salaries)	₹1 L/yr - ₹2.2 L/yr
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Audit Assistant 0 - 2 years exp. (3 salaries)	₹1.8 L/yr - ₹2 L/yr
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Junior Accountant 1 - 4 years exp. (3 salaries)	₹2.6 L/yr - ₹3.8 L/yr
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Executive Accountant 0 - 1 year exp. (3 salaries)	₹2.2 L/yr - ₹3.3 L/yr
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Deputy Chief Finance Officer 31 - 33 years exp. (3 salaries)	₹5 L/yr - ₹8 L/yr
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Accountant 0 - 8 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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Project Officer 5 - 8 years exp. (AmbitionBox Estimate)	₹4.2 L/yr - ₹6 L/yr
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Accounts Manager 3 - 9 years exp. (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
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Junior Purchase Executive 2 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
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Process Associate 1 year exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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Asst Store 6 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
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Accounts Officer 2 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
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Accounts & Finance Executive 6 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr
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Project Coordinator 5 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
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Trainee Fresher (AmbitionBox Estimate)	₹0.5 L/yr - ₹0.7 L/yr
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Live Project Intern 1 year exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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Assistant Manager 2 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
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Consultant 6 years exp. (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Salary related reviews for IIT Madras

4.0

Rated by 16 employees for salary & benefits

Project Associate-Internship

Intern

Other Department

4.0

• posted on 02 Dec 2019

4.0

for Salary and Benefits

Likes

The Company is open to innovation and readily adopts the latest technology. Another plus point is that my colleagues come from various cultural backgrounds and we work happily in collaboration.

Dislikes

compensation is decent but growth is slow.

Project Associate in Chennai

Research & Development Department

5.0

• posted on 26 May 2019

4.0

for Salary and Benefits

Likes

It gives more opportunities to learn a lot of things. As well as there is no restriction or specific work time. You can plan your own work according to your benefits.

Dislikes

It's good in overall. Pay is ok comparing other iits and stress free

Project Associate

TCOE Department

4.0

• posted on 28 Apr 2019

2.0

for Salary and Benefits

Likes

learning is good

Dislikes

1. 2nd and 4th Saturday working, It should be holiday 2. Salary very less. 3. People miss behave on the name of Project staff. They try to put you down telling that you are project staff, I worked there as a Project Associate.

AV Editor in Chennai

Education Department

3.0

• posted on 18 May 2018

3.0

for Salary and Benefits

Likes

...k stuffs. Other than these things there is nothing good in IIT. No job security. Salary is not enough. Very high politics.work- life balance is too poor.

Dislikes

Team mates are not good. No job Security, Salary is not enough, very high work pressure, very high politics, work-life balance is too poor, no travel allowances.

PHD Research Scholar in Chennai

Full Time

Other Department

1.0

• posted on 05 Feb 2024

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

It is a cheap organization which does not allow employees to even bring their vehicles into a 600 acres campus. They charge us money to bring vehicles. Employees are treated as dogs at the gates of IITM.

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IIT Madras interview questions by designations

Project Associate (2)PHD Research Scholar (2)PHD Scholar (2)Project Engineer (2)

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IIT Madras Salary FAQs

How much does IIT Madras pay per year?

The average IIT Madras salary ranges from approximately ₹1 Lakh to ₹2 Lakhs per year for a Research Intern and ₹12.2 Lakhs to ₹36 Lakhs per year for a Professor. Salary estimates are based on 50 IIT Madras salaries received from various employees of IIT Madras. IIT Madras employees rate the overall salary and benefits package 4.0/5 stars.

What is the highest salary in IIT Madras?

The highest-paying job at IIT Madras is a Professor with a salary of ₹12.2 Lakhs to ₹36 Lakhs per year. The top 10% of employees earn more than ₹8.99 lakhs per year. The top 1% earn more than a whopping ₹28.49 lakhs per year.

What is the minimum salary in IIT Madras?

Minimum salary at IIT Madras depends on the role you are applying for. For Project Technician the minimum salary is ₹1.7 Lakh to ₹3.6 Lakhs per year, and for Junior Executive the minimum salary is ₹1.7 Lakh to ₹5 Lakhs per year and so on.

What is the salary package for freshers in IIT Madras?

The average salary at IIT Madras for freshers varies from ₹1 Lakh to ₹2 Lakhs per year for Research Intern and ₹9 Lakhs to ₹11.5 Lakhs per year for Engineering Student.

What is the notice period at IIT Madras in Finance & Accounting Department?

According to AmbitionBox, 52% of the IIT Madras employees in Finance & Accounting Department reported a notice period of 15 days or less, 44% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 23 responses on AmbitionBox in last 2 years.

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IIT Madras Finance & Accounting Salaries by Location

IIT Madras Finance & Accounting Department salaries in Chennai

Average annual salary in Finance & Accounting department at IIT Madras is INR . Salary estimates are based on 50 IIT Madras latest salaries received from various employees of IIT Madras.