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IIT Bombay Placements 2024 - Average & Highest Package, Percentage

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Updated on Apr 17, 2024 11:34AM IST

IIT Bombay Placements Overview

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. 

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IIT Bombay Placements Report 2023

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. 

IIT Bombay Placement Highlights 2023

ParticularsData
Placement Percentage82%
Highest International Package Rs 3.67 Crore
Highest PackageRs 1.68 Crore 
Average PackageRs 21.82 LPA
Total Number of Offers Made1788
Total Number of Companies Visited384
Total Number of offers accepted1516
Total Number of International Job Offers Accepted 65
Total Number of PPOs Offered300
No. of PPOs accepted194
Total Job Offers with More than 1 Crore accepted 16 
Total Number of Job Offers with More than Rs 20 LPA277
Top 5 RecruitersAdani Green Energy, Reliance Industries, Tata Group, L&T, Accenture

IIT Bombay Placements Facts 2023

  • Out of 2174 registered students for IIT Bombay placements 2023, 1845 students actively participated in the drive and 1516 students were finally placed. 
  • 16 international offers above Rs 1 Crore per annum were received resulting in the IIT Bombay's highest international package of Rs 3.67 Crore per annum. 
  • The IIT Bombay average salary package offered in this season was Rs 21.82 LPA. 
  • The engineering and technology sector became the top recruiting sector during the IIT Bombay 2023 placements. 
  • The top companies visiting IIT Bombay during the 2023 placement season were Accenture, Amazon, PWC, Deloitte, EXL, HCL, Uber, Rubrik and Millennium.
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What was the Highest Package of IIT Bombay?

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. 

IIT Bombay Highest Package Trend - Year-wise

Particulars2022-23 2021-22
Highest Package (International)Rs 3.67 CroreRs 2.1 Crore
Highest Package (Domestic)Rs 1.68 CroreRs 1.8 Crore

What was the Highest Package of IIT Bombay?

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What was the Average Package of IIT Bombay?

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. 

IIT Bombay Average Package Trend - Year-wise

Particulars Average Package 
2022-23Rs 21.82 LPA
2021-22Rs 21.50 LPA
2020-21Rs 17.91 LPA

What was the Average Package of IIT Bombay?

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IIT Bombay Salary Package 2023 - Course-wise

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
MBARs 54 LPARs 28.88 LPA 
PhDRs 29 LPARs 18.34 LPA
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IIT Bombay Department-wise Placements 2023

The table below contains comparative details regarding department-wise placements at IIT Bombay including the number of offers made during 2023, 2022 and 2021. 

IIT Bombay Department-wise Placement Statistics 2023

Department or CentreNumber of offers 
2022-232021-222020-21
Computer Science & Engineering228236199
Aerospace Engineering787654
Electrical Engineering214257220
Chemical Engineering14113589
Civil Engineering1299998
Metallurgical Engineering and Materials Science13112790
Mechanical Engineering191180151
Applied Statistics and Informatics262923
Biosciences and Bioengineering3375
Chemistry351710
Earth Sciences171312
Energy Science and Engineering403229
Industrial Design Centre545669
Physics1711
Other Programmes18217691
Total151614411150

IIT Bombay Course-wise Placements 2023

The table below contains details for IIT Bombay course-wise placements for B.Tech, M.Tech, M.Sc, and all other courses.

CoursesStudents RegisteredStudents ParticipatedStudents PlacedPlacement Percentage
B.Tech79167959888%
M.Tech58353247990%
Dual Degree (B.Tech+M.Tech)21518717895%
M.Sc21415911069%
PhD1661314131%
Dual Degree (B.Des+M.Des)109888%
M.Des76633961%
B.S.57433990%
B.Des2312758%
MPP129666%
Others27211152%
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IIT Bombay Top Recruiters

Reliance IndustriesTata GroupTSMC 
Adani Green EnergyAdani Green EnergyAirbus
L&TAccentureSamsung
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IIT Bombay Placements Report 2022

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. 

ParticularsStatistics
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 OfferedRs 22,70,000 per annum
Total Number of Companies Offered Jobs332
Total Number of Students Participated2056
Total Number of Students Placed1441
Total Number of Offers Made1878
International Job Offers Made66
Number of PPOs Made 201
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IIT Bombay Previous Years Placements Trends

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.  

Particulars2022-232021-222020-21
Total Number of Companies Visited384332-
Total Number of Offers Made178818781261
Total Number of Offers Accepted151614411150
Total Number of PPOs300201149
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International Placements Offered by IIT Bombay

Particulars Details 
Students Placed in International Companies 65
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IIT Bombay Company-wise Placements 2023

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.

SectorNo. of Companies No. of Offers 
IT/Software88302
Engineering & Technology97458
Analytics2179
Finance3276
Consulting29154
Data Science1325
Research & Development3092
Design1933
Public Sector Undertaking414
Education781
Services49
Others59193


 

IIT Bombay Sector-wise Placement 2023

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 offersB.TechM.TechDual Degree CoursesOther Programs
IT/Software156953219
Consulting75332818
Finance5211211
Analytics36171412
Research & Development27371414
Product Management10243
Data Science71134
Design14325
Education521154
Public Sector Undertaking4424
Services5400
Others91372026
Total598479191248
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IIT Bombay Placement Cell

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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FAQs about IIT Bombay Placements

Give the IIT Bombay placement companies list.

As per the current news, the top recruiters on day one of IIT Bombay placements 2024 are Barclays, Qualcomm, Vinci Derivatives, Hudson River Trading and Quantbox Research. Moreover, the list of IIT Bombay's top recruiters in 2023 and past years include Accenture, Amazon, PWC, Deloitte, EXL, HCL, Uber, Rubrik, Millennium, Adani Green Energy, Reliance Industries, Tata Group, L&T, Accenture.

What is the average package offered at IIT Bombay?

The IIT Bombay average package 2023 increased by 1.49% to Rs 21.82 LPA in 2023 from Rs 21.50 LPA in 2022. Looking at the IIT Bombay average package trends, a more than 20% increase has been recorded from 2021 to 2023. The average package offered at IIT Bombay during the 2021 placement season was Rs 17.91 LPA.

What is the highest package offered at IIT Bombay?

IIT Bombay's highest package soared to Rs 3.67 Crore per annum (international) and Rs 1.68 Crore per annum (domestic) in the 2023 placement season. Compared to last year, the highest international package at IIT Bombay increased by Rs 1.57 Crore and the highest domestic package rose by Rs 12 Lakh per annum.

How was the IIT Bombay placement CSE?

The students of the Department of Computer Science and Engineering (CSE) at IIT Bombay received 228 offers from global companies in 2023. Offers received at IIT Bombay placements by CSE students were almost the same as compared to last year. CSE is one of the most sought-after branches at IIT Bombay due to its high placement trend.

How are the IIT Bombay placements?

A total of 82% of students grabbed high-paying jobs during the IIT Bombay placements 2023. Around 1516 students were successfully placed across 384 companies landing the highest international package of Rs 3.67 Crore per annum. Moreover, the average package offered at IIT Bombay stood at Rs 21.82 LPA during this season. The recruiters extended 300 pre-placement offers (PPOs) and made 1788 on-campus offers.

How many internships were offered to IIT Bombay students in 2022?

IIT Bombay has two types of internships: summer internship and winter internship. In 2022, 924 summer internships and 271 summer internships were provided to students. Out of 1195 total internships offered, 1085 were provided by participating companies and 110 were provided by the institute itself.

What was IIT Bombay B.Tech placement percentage in 2022?

During Indian Institute of Technology Mumbai placement drive 2022, a total of 657 students registered for placements. Out of 657 students, 566 participated in the placement drive and 544 students got placed. IIT Bombay B.Tech placement percentage in 2022 was 96%.

Which sector made the highest job offers in IIT Bombay placements 2022?

In the year 2022, the highest job offers (86) were made by companies from IT/Software. As many as 370 companies from IT/Software sector participated in the IIT Mumbai placements 2022. The least number of offers (7) were made by companies from the services sector.

What was IIT Bombay highest package in 2022?

Indian Institute of Technology Bombay successfully placed 1441 students in the year 2022. During IIT Bombay placements 2022, the highest package offered to students was Rs 1,80,00,000 per annum. A total of 66 international job offers were made in 2022.
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Related Questions

r

riya, Student / Alumni

-Answered on Sept-23-2023
Let me tell this thing that if you want to take admission in MBA than the eligibility for that is the applicant need to pass with 55% aggregate marks in bachelore's in any discipline or equivalent, the applicant need to qualify the LPUNEST or CAT or MAT or XAT or NMAT or CMAT and interview.
P

Priya Haldar, Student / Alumni

-Answered on Sept-22-2023

Dear Sohail Imtiyaj Khan,

Unfortunately, IIT Bombay does not offer any lateral entry programme for B.Tech. IIT Bombay admissions to the B.Tech programme are made through the Joint Entrance Examination Advanced (JEE Advanced) exam. However, IIT Bombay does offer a dual degree (B.Tech + M.Tech) programme in some departments, and students who have completed a diploma in engineering from a recognised institute are eligible to apply for admission to the second year of the dual degree program through the GATE (Graduate Aptitude Test in Engineering) exam.

A

Aditya, Student / Alumni

-Answered on Aug-31-2023

Hello Sarmistha, yes, you can opt for M.Des in Graphic Designing at IIT Bombay even if you have done a BCA as your UG course. Your minimum marks in the final year should be higher than 55% marks, a portfolio of your work and qualified the Common Entrance Examination for Design (CEED). The CEED is a national level entrance exam for admission to M.Des programs in Design conducted by the National Institute of Design (NID).

A

Aditya Anob, Student / Alumni

-Answered on Aug-09-2021
is there Animation Degree course at IIT BOMBAY
S

Subhashri Roy, Student / Alumni

-Answered on July-15-2020

Dear Student, 

You may certainly take up M.Des at IDC, IIT Bombay or NID after qualifying Integrated Bsc/BA + PG diploma in Animation from WWI Mumbai. The eligibility criteria for M.Des at both the institutes are as follows:

  • For M.Des at IDC, IIT Bombay, you must have obtained at least 55% marks (50% marks in case of SC/ST/PwD) or equivalent grades in the qualifying exam. You must also have a valid score in CEED.

  • For M.Des at the National Institute of Design (NID), you must hold a Bachelor's degree of minimum 4-year duration in any specialization from any university or institute recognised in India. For NID admissions, you are required to have a valid score in NID-DAT.

Hope this answers your question. In case you have further queries, you may write back to us or call our student helpline number 1800-572-9877 to get in touch with an admissions counsellor directly. 

Thank you.

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