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IIT Bombay is not only among the top engineering institutes in India but is also one of the top IITs. IIT Bombay boasts of world class education and stellar placements. The IIT Bombay placements 2024 data has been released by the institute. Once again, the packages offered to brilliants students studying at IIT Bombay has perplexed everyone. As per the official report, the average and median packages provided during IIT Bombay placements 2024 were INR 23.5 LPA and INR 17.92 LPA, respectively.
IIT Bombay Placements 2024
IIT Bombay placements 2024 has been concluded by the institute and the data for these placements is now available in the form of IIT-B Placement report 2024 on the official website. The IIT-B placement process ended in 2024, achieving an average annual package of Rs 23.5 lakh, up from Rs 21.8 lakh the previous year. Although the average salary has increased slightly by 7.7%, conversely, fewer students achieved placement this year through the campus recruitment compared to the previous year. The minimum package at IIT-B placements until now – Rs 6 lakh per year has been decreased to Rs 4 lakh this year.
IIT Bombay Placements 2024 Key Points
Some of the key highlights of the IIT Bombay 2024 placement season is given below.
- A sum of 1,979 took part in placements, and 1,475 students accepted positions during IIT Bombay placement 2024.
- In addition to this, 22 students were presented with offers exceeding INR 1 crore per year during the IIT Bombay placements for 2024.
- An increase of almost 8% was observed in the average package provided in 2024 relative to 2023.
- A rise of about 8% was observed in the median package provided in 2024 compared to 2023.
- A decline of more than 7% was observed in the total placement rate noted in 2024 compared to 2023.
IIT Bombay Placement Report 2024: Overview
IIT Bombay has seen an overall decrease in the placement rate indication towards job shortage in the market. Previously, the top international and domestic package available during IIT Bombay placements 2023 was INR 3.67 crore per annum and INR 1.68 crore per annum, respectively. Additionally, the top domestic and international packages presented during the IIT Bombay placement 2022 were INR 1.8 crore per annum and INR 2.1 crore per annum, respectively. The overview of IIT Bombay placements 2024 has been given below.
| Parameters | IITB Placement Stats 2023 | IITB Placement Stats 2024 |
| Average package | INR 21.82 LPA | INR 23.5 LPA |
| Median package | INR 16.66 LPA | INR 17.92 LPA |
| Placement rate | 82% | 74.53% |
| Registered students | 2174 | 2414 |
| Participated students | 1845 | 1979 |
| Accepted offers | 1516 | 1475 |
| Total offers made | 1788 | 1650 |
| Total recruiters | 324 | 364 |
| Offers above INR 1 CPA | 16 | 22 |
| PPOs accepted | 194 | 258 |
| International offers accepted | 65 | 78 |
| Top recruiting sector | Engineering & Technology | Engineering & Technology |
IIT Bombay Highest Package 2024
The top package at IIT Bombay reached INR 1 CPA (Crore Per Annum) during the latest placement drive for 2024. IIT Bombay placements 2024 highest package is less than the highest package of the previous year. The table below displays the highest packages by year for IIT Bombay:
| Placement Year | IIT Bombay Highest package |
| 2024 | INR 1 CPA |
| 2023 | INR 3.67 CPA |
| 2022 | INR 1.80 CPA |
IIT Bombay Lowest Package 2024
The lowest package offered at IIT Bombay has dipped even further. The lowest package offered to students of IIT Bombay stood at Rs. 4 lacs per annum. This has seen a drop from the previous year’s lowest package of INR 4 lacs per annum. 10 students have been placed in the lowest salary range of INR 4 LPA to INR 6 LPA.
IIT Bombay Placements 2024 Average Package
In the IIT Bombay Placement 2024, the average package offered was INR 23.5 LPA. The table provided underneath displays the yearly average packages of IIT Bombay:
| Placement Year | Average package |
| 2024 | INR 23.50 LPA |
| 2023 | INR 21.82 LPA |
| 2022 | INR 21.50 LPA |
| 2021 | INR 17.91 LPA |
IIT Bombay Placements 2024: Salary-wise Stats
The table provided below illustrates placement information according to salary compensations.
| Gross Salary Figure (in Lacs per annum) | No. of Offers | No. of Companies |
| Above 20 | 558 | 123 |
| Between 16.75 to 20 | 230 | 70 |
| Between 14 to 16.75 | 227 | 60 |
| Between 12 to 14 | 93 | 29 |
| Between 10 to 12 | 161 | 46 |
| Between 8 to 10 | 128 | 43 |
| Between 6 to 8 | 68 | 25 |
| Between 4 to 6 | 10 | 7 |
IIT Bombay Placements Branch Wise 2024
The table provided below displays the placement statistics for each branch offered at IIT Bombay for 2024.
| Branch Name | No. of students registered | Participated students | Placed students |
| Aerospace Engineering | 140 | 119 | 76 |
| Applied Statistics and Informatics | 34 | 30 | 24 |
| Earth Science | 61 | 34 | 14 |
| Biomedical Engineering | 21 | 15 | 12 |
| Biosciences and Bioengineering | 34 | 21 | 11 |
| Centre for Policy Studies | 11 | 6 | 0 |
| Centre for Research in Nanotechnology & Science | 8 | 4 | 2 |
| Centre of Studies in Resources Engineering (CSRE) | 2 | 2 | 2 |
| Technology and Development (C-TARA) | 37 | 30 | 25 |
| Centre for Urban Science and Engineering | 10 | 9 | 5 |
| Chemical Engineering | 190 | 160 | 119 |
| Chemistry | 80 | 59 | 22 |
| Civil Engineering | 177 | 146 | 113 |
| Computer Science Engineering | 275 | 254 | 230 |
| Economics | 32 | 30 | 21 |
| Educational Technology | 5 | 3 | 2 |
| Electrical Engineering | 319 | 281 | 232 |
| Engineering Physics | 61 | 41 | 28 |
| Energy Science and Engineering | 81 | 59 | 39 |
| Environmental Science and Engineering | 50 | 42 | 34 |
| Geo-informatics and Natural Resources Engineering | 26 | 23 | 17 |
| Humanities and Social Sciences | 9 | 5 | 0 |
| Industrial Design Centre (IDC) | 105 | 90 | 49 |
| Industrial Engineering and Operations Research | 38 | 36 | 29 |
| Mathematics | 49 | 37 | 20 |
| Mechanical Engineering | 308 | 260 | 229 |
| Metallurgical Engineering and Materials Science | 185 | 152 | 106 |
| Physics | 48 | 22 | 7 |
| Systems and Control Engineering | 18 | 9 | 7 |
| Total | 2414 | 1979 | 1475 |
IIT Bombay Placements 2024 Sector Wise
From the past trends, it is quite evident that the software and IT sector recruits the most number of students from IIT Bombay. This trend has been seen this year too. Students can check IIT Bombay sector-wise placements 2024 in the following table.
| Sector Name | No. of students placed | No. of companies visited |
| Engineering & Technology | 430 | 106 |
| IT / Software | 307 | 84 |
| Consulting | 117 | 29 |
| Finance | 113 | 33 |
| Research & Development | 97 | 36 |
| Education | 30 | 11 |
| Public Sector Undertaking | 6 | 2 |
| Product Management | 20 | 8 |
| Data Analytics | 78 | 22 |
| Design | 33 | 17 |
| Data Science | 48 | 16 |
| Software Development | 16 | 7 |
| AI/ML | 15 | 8 |
| Other | 165 | 59 |
IIT Bombay Placements 2024 Program Wise
IIT Bombay offers different types of courses that includes BTech programs, MTech programs, Dual Degree courses and other programs. Students can check the program-wise placement details below.
| Sector Name | BTech Program | MTech Program | Dual Degree Program | Other Programs |
| Engineering & Technology | 159 | 46 | 194 | 31 |
| IT/Software | 178 | 22 | 78 | 29 |
| Finance | 80 | 14 | 3 | 16 |
| Consulting | 65 | 15 | 23 | 14 |
| Research & Development | 19 | 15 | 39 | 24 |
| Data Analytics | 27 | 9 | 17 | 25 |
| Data Science | 27 | 9 | 9 | 3 |
| Design | 0 | 1 | 3 | 29 |
| Education | 9 | 0 | 2 | 19 |
| Product Management | 15 | 4 | 0 | 1 |
| Software Development | 8 | 2 | 4 | 2 |
| AI/ML | 4 | 1 | 7 | 3 |
| Services | 4 | 0 | 0 | 2 |
| PSU | 5 | 1 | 0 | 0 |
| Operations | 4 | 0 | 0 | 0 |
| Other | 79 | 21 | 36 | 19 |
IIT Bombay 2024 Placements Course Wise
The table below displays the statistics for each course regarding IIT Bombay Placements 2024.
| Name of the Course | Registered Students | No. of Students Participated | No. of Students Placed | Placement Percentage |
| B.Tech. | 930 | 819 | 683 | 83.39 |
| M. Tech. | 564 | 497 | 415 | 83.5 |
| M.S. (Research) | 23 | 15 | 14 | 93.33 |
| Dual Degree (B.Tech. + M.Tech.) | 216 | 192 | 152 | 79.16 |
| M.Sc. (2 years) | 228 | 158 | 87 | 55.06 |
| Bachelors in Science (4 years) | 69 | 60 | 39 | 65.0 |
| B. Des | 26 | 17 | 9 | 52.94 |
| Dual Degree (B.Des. + M. Des.) | 10 | 10 | 4 | 40 |
| M. Des | 69 | 63 | 36 | 57.14 |
| M.S. (Research) (Exit Degree) | 10 | 7 | 1 | 14.38 |
| M.P.P. | 11 | 6 | 0 | 0 |
| Others | 28 | 18 | 3 | 22.22 |
| PhD | 230 | 117 | 32 | 27.35 |
IIT Bombay Placement Companies List 2024
Almost all the top companies operating in India and many foreign companies visit IIT Bombay during the placements season. Some of the big names included in this list are: Google, Intel, Texas Instruments, Samsung, Tata Group, Qualcomm, Godrej, Morgan Stanley, Wells Fargo, Reliance, Amazon, etc. The table below depicts the statistics of placements at IIT Bombay for the year 2024, categorized by company.
| Type of Company | Number of Students Placed |
| Placement Outside India | 78 |
| Placements in MNCs in India | 775 |
| Placements in Indian Companies | 622 |
IIT Bombay MBA Placements 2024
IIT Bombay MBA Placement 2024 will be updated here shortly. The table below showcases the key highlights of the MBA placements at IIT Bombay for the years 2021-23:
| Particulars | Details |
| Batch Size | 115 |
| Percentage of PPOs | 50% |
| Highest Package | INR 54 LPA |
| Average Package | INR 28.88 LPA |
| Top 25% Average Package | INR 40.80 LPA |
| Top 50% Average Package | INR 34.58 LPA |
| Top 75% Average Package | INR 31.41 LPA |
| Average Package (Female) | INR 29.35 LPA |
| Median Package | INR 26.64 LPA |
| Median Package (Female) | INR 28.90 LPA |
| Lowest Package | INR 20 LPA |
| Lowest Package (Female) | INR 23.50 LPA |
| Major Domains | FMCG / FMCD, Conglomerate |
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