IIT Hyderabad offers M. Tech in three specializations
The specialization you have chosen for MTech determines the job opportunities that will be available to you. For example, in the EE department, VLSI has the highest job opportunities currently in India. Most companies visiting IIT Hyderabad allow students of all specializations to sit for placements.
The core Mechanical companies offer decent packages at IIT Hyderabad too that are at the same level as older IITs. Usually, the packages are in the range of 6-12 LPA.
There are a large number of companies visiting the campus for placements with good packages.
Core Companies:
Non-core companies: