Placements for MSIT programs at IIIT Hyderabad are not that great. The placement packages and profiles offered in the placement drive do not match the skill you learn in the program. If you are choosing these programs only because of placement, it will be better to consider other options. I know a little bit about this program as I have some friends who are pursuing it. 

• MSIT program at IIIT Hyderabad is project-oriented. If you are from CSE from your B.Tech or BE then there are options for good placements in reputed MNCs. 
• MSIT faculty is different from the general faculty of IIIT Hyderabad for MTech or MS. 
• However, the management and the placement officials are not that cooperative for placements. 

So, consider all these factors carefully and talk to the students pursuing the course if necessary, before making any decision. Hope it helps.