The recent media reports revealed that day 1 of IIT Bombay placements 2024 kicked off with the participation of 40 companies and offers with more than 1 Crore per annum. Around 80% of the same recruiters participated on day 1 as compared to last year. Additionally, a nominal rise in the number of PPOs has been recorded from 194 in 2023 to 200 in 2024. Furthermore, about 350 companies are expected to participate in the 2024 placements at IIT Bombay. As per the reports, Barclays, Qualcomm, Vinci Derivatives, Hudson River Trading and Quantbox Research were some of the IIT Bombay top recruiters on day 1.
Looking back at the IIT Bombay placements 2023, overall 82% per cent of the students were placed during the season. However, the placement rate for B.Tech, M.Tech and Dual Degree courses was nearly 90%. A total of 384 companies participated and 1788 offers were made during the IIT Bombay placement 2023. The students of IIT Bombay received 300 Pre-placement offers and 194 were accepted. Furthermore, IIT Bombay highest package was recorded to be Rs 1.68 Crore domestically, whereas the international highest package stood at Rs 1.68 Crore. The IIT Bombay average package stood at Rs 21.82 LPA.
Upon examining the IIT Bombay placement report 2023, it appears that students can expect more than 20 offers with a 1 Crore+ package this year. In 2023, 16 offers were made with IIT Bombay placement package of more than 1 Crore, 277 offers above 20 LPA and 898 offers between Rs 10 to 20 LPA.
Particulars | Data |
Placement Percentage | 82% |
Highest International Package | Rs 3.67 Crore |
Highest Package | Rs 1.68 Crore |
Average Package | Rs 21.82 LPA |
Total Number of Offers Made | 1788 |
Total Number of Companies Visited | 384 |
Total Number of offers accepted | 1516 |
Total Number of International Job Offers Accepted | 65 |
Total Number of PPOs Offered | 300 |
No. of PPOs accepted | 194 |
Total Job Offers with More than 1 Crore accepted | 16 |
Total Number of Job Offers with More than Rs 20 LPA | 277 |
Top 5 Recruiters | Adani Green Energy, Reliance Industries, Tata Group, L&T, Accenture |
The IIT Bombay highest package trend shows an impressive increase of 1.57 crores in the international package in 2023 from the previous year. On the other hand, the domestic IIT Bombay highest package shows a decline of 12 Lakh.
Particulars | 2022-23 | 2021-22 |
Highest Package (International) | Rs 3.67 Crore | Rs 2.1 Crore |
Highest Package (Domestic) | Rs 1.68 Crore | Rs 1.8 Crore |
While analysing the IIT Bombay average package trend, one can see a constant increase in the average salary offered. The IIT Bombay average salary increased with a rate of 1.49% in 2023 from 2022 and around 20% in 2022 from 2021.
Particulars | Average Package |
2022-23 | Rs 21.82 LPA |
2021-22 | Rs 21.50 LPA |
2020-21 | Rs 17.91 LPA |
In 2023, IIT Bombay highest salary package was witnessed at Rs 3.67 Crore per annum which was an international offer to technology students. Moreover, MBA and PhD students also bagged decent packages. More details about the course-wise IIT Bombay average package and highest package are mentioned below.
Courses | Highest Package | Average Package |
All courses including B.Tech and M.Tech | International: Rs 3.67 Crore per annum Domestic: 1.68 crore per annum | Rs 21.82 LPA |
MBA | Rs 54 LPA | Rs 28.88 LPA |
PhD | Rs 29 LPA | Rs 18.34 LPA |
The table below contains comparative details regarding department-wise placements at IIT Bombay including the number of offers made during 2023, 2022 and 2021.
Department or Centre | Number of offers | ||
2022-23 | 2021-22 | 2020-21 | |
Computer Science & Engineering | 228 | 236 | 199 |
Aerospace Engineering | 78 | 76 | 54 |
Electrical Engineering | 214 | 257 | 220 |
Chemical Engineering | 141 | 135 | 89 |
Civil Engineering | 129 | 99 | 98 |
Metallurgical Engineering and Materials Science | 131 | 127 | 90 |
Mechanical Engineering | 191 | 180 | 151 |
Applied Statistics and Informatics | 26 | 29 | 23 |
Biosciences and Bioengineering | 33 | 7 | 5 |
Chemistry | 35 | 17 | 10 |
Earth Sciences | 17 | 13 | 12 |
Energy Science and Engineering | 40 | 32 | 29 |
Industrial Design Centre | 54 | 56 | 69 |
Physics | 17 | 1 | 1 |
Other Programmes | 182 | 176 | 91 |
Total | 1516 | 1441 | 1150 |
The table below contains details for IIT Bombay course-wise placements for B.Tech, M.Tech, M.Sc, and all other courses.
Courses | Students Registered | Students Participated | Students Placed | Placement Percentage |
B.Tech | 791 | 679 | 598 | 88% |
M.Tech | 583 | 532 | 479 | 90% |
Dual Degree (B.Tech+M.Tech) | 215 | 187 | 178 | 95% |
M.Sc | 214 | 159 | 110 | 69% |
PhD | 166 | 131 | 41 | 31% |
Dual Degree (B.Des+M.Des) | 10 | 9 | 8 | 88% |
M.Des | 76 | 63 | 39 | 61% |
B.S. | 57 | 43 | 39 | 90% |
B.Des | 23 | 12 | 7 | 58% |
MPP | 12 | 9 | 6 | 66% |
Others | 27 | 21 | 11 | 52% |
Reliance Industries | Tata Group | TSMC |
Adani Green Energy | Adani Green Energy | Airbus |
L&T | Accenture | Samsung |
A total of 332 companies offered placements during the IIT Bombay placements 2022. Here are the complete details for IIT Bombay previous years placements for reference.
Particulars | Statistics |
Placement Percentage | 89% |
Highest International Package Offered | Rs 2,01,00,000 per annum |
Highest Domestic Package Offered | Rs 1,80,00,000 per annum |
Average International Package Offered | Rs 60,90,000 per annum |
Average Domestic Package Offered | Rs 22,70,000 per annum |
Total Number of Companies Offered Jobs | 332 |
Total Number of Students Participated | 2056 |
Total Number of Students Placed | 1441 |
Total Number of Offers Made | 1878 |
International Job Offers Made | 66 |
Number of PPOs Made | 201 |
It is crucial to understand IIT Bombay previous years placement trends before making the final decision. A 15% increase in the total number of companies visited has been witnessed in 2023 as compared to the IIT Bombay last year placements.
Particulars | 2022-23 | 2021-22 | 2020-21 |
Total Number of Companies Visited | 384 | 332 | - |
Total Number of Offers Made | 1788 | 1878 | 1261 |
Total Number of Offers Accepted | 1516 | 1441 | 1150 |
Total Number of PPOs | 300 | 201 | 149 |
Particulars | Details |
Students Placed in International Companies | 65 |
The table below contains the company-wise placements at IIT Bombay including sectors, number of companies and number of offers. The highest number of offers made was made by 97 companies from engineering and technology.
Sector | No. of Companies | No. of Offers |
IT/Software | 88 | 302 |
Engineering & Technology | 97 | 458 |
Analytics | 21 | 79 |
Finance | 32 | 76 |
Consulting | 29 | 154 |
Data Science | 13 | 25 |
Research & Development | 30 | 92 |
Design | 19 | 33 |
Public Sector Undertaking | 4 | 14 |
Education | 7 | 81 |
Services | 4 | 9 |
Others | 59 | 193 |
Given below are the IIT Bombay sector-wise placements for B.Tch, M.Tech, Dual Degree and other programmes representing the total number of offers.
Sectors/No. of offers | B.Tech | M.Tech | Dual Degree Courses | Other Programs |
IT/Software | 156 | 95 | 32 | 19 |
Consulting | 75 | 33 | 28 | 18 |
Finance | 52 | 1 | 12 | 11 |
Analytics | 36 | 17 | 14 | 12 |
Research & Development | 27 | 37 | 14 | 14 |
Product Management | 10 | 2 | 4 | 3 |
Data Science | 7 | 11 | 3 | 4 |
Design | 1 | 4 | 3 | 25 |
Education | 5 | 21 | 1 | 54 |
Public Sector Undertaking | 4 | 4 | 2 | 4 |
Services | 5 | 4 | 0 | 0 |
Others | 91 | 37 | 20 | 26 |
Total | 598 | 479 | 191 | 248 |
The IIT Bombay placement cell has developed an automated procedure for students and companies regarding placement. All the events from inviting recruiting companies to checking student’s interest in specific jobs can be seen online on the placement portal. The IIT Bombay placement cell plays an important role in mediating between prospective recruiters and students. The process begins with inviting companies and onboarding them. Later, the companies submit details regarding job opportunities and conduct pre-placement talks. Then, the interested students show willingness by submitting their resumes on the portal. After that, the IIT Bombay placement process begins with tests, group discussions and interviews. To help students, here is the IIT Bombay placement cell numbers are +91 70453 10120, +91 70453 10176, +91 70453 10181, and +91 70453 10182.
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