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IIT Bombay Placements 2024

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IIT Bombay Placements 2024: Average & Highest Package, Top Recruiters

The IIT Bombay Placements 2024 highlights the institute's commitment to excellence, featuring impressive average packages across all disciplines. The IIT Bombay CSE average package continues to lead, attracting top tech companies with competitive offers, while branches like Mechanical, Chemical Engineering, and Civil Engineering also report strong average packages from multiple industries. 


Here on this page, you will find detailed information about the IIT Bombay average package, including specifics on the average packages of courses. Additionally, this page covers the highest packages of IIT Bombay 2024, provides an overview of MBA placements, and presents a branch-wise placement analysis. Explore the various IIT Bombay package details to gain a clear understanding of the career opportunities available to graduates in 2024-25.

IIT Bombay Placements 2024: Key Statistics

Metric

Value

Average Package

INR 23.5 LPA

Median Package

INR 17.92 LPA

Overall Placement Rate

74.53%

Total Participating Students

1,979

Total Students Placed

1,475

Number of Recruiters

364

International Offers

78

High-Value Offers (Above INR 1 Crore)

22


This table provides a snapshot of the IIT Bombay Placements 2024, highlighting the overall success and opportunities available to graduates. With a strong placement rate and competitive packages across various disciplines, IIT Bombay continues to uphold its reputation as a premier institution for engineering and management education.


IIT Bombay Placements (2022-2024): Statistics and Trends

Particulars

2022

2023

2024

International Offers

66

65

78

Total Offers Made

1,878

1,788

1,650

Highest International Salary

₹2.1 Cr

₹3.67 Cr

– / –

Placement Percentage

89%

82%

74.53%

Students Placed

1,441

1,516

1,475

Average Salary

₹21.5 L

₹21.82 L

₹23.5 L

Highest Salary

₹1.8 Cr

₹1.68 Cr

– / –

Students Registered

2,055

2,174

2,414

Companies Visited

332

324

364

Students Participated

1,612

1,845

1,979

PPOs Offered

201

194

258

Median Salary

– / –

₹16.66 L

₹17.92 L


Source: Official IIT Bombay Placement Report 2024


IIT Bombay Placements Process

IIT Bombay's placement season typically commences in July, initiating the onboarding of companies and with final interviews in December. The process begins when students express interest in participating by registering with registered organisations. Subsequently, companies review resumes, conduct screening processes, hold interviews, and extend offer letters to selected candidates.


Why the Placement Rate Dropped to 74.53% in 2024

The placement rate experienced a slight dip in 2024, primarily due to reduced participation from over 400 students. Many opted to pursue higher education such as MS, MTech, PhD, or MBA programmes. Additionally, a significant number of students ventured into entrepreneurship or civil services, contributing to the lower placement percentage.


IIT Bombay 2024 Placements for B Tech

In the IIT Bombay BTech Placements 2024, a total of 930 students registered, with 819 participating in the placement process. Among them, 683 students secured placements, resulting in an overall placement rate of 83.39%. This reflects a slight decline compared to previous years, where the placement rates were 88% in 2023 and 96% in 2022.


In CSE placements 2024, 275 students registered, 254 participated, and 230 were placed. Meanwhile, in the Electrical Engineering branch, 319 students registered, 281 participated, and 232 secured placements. The IT/Software sector emerged as the leading recruiter, offering 178 positions. This was followed by Engineering & Technology (159 offers), Finance (80 offers), Consulting (65 offers), and R&D (19 offers), highlighting the diverse career opportunities available to BTech graduates.


Particulars

2022

2023

2024

Students Placed

544

598

683

Placement Percentage

96%

88%

83.39%

Students Participated

566

679

819

Students Registered

657

791

930


Source: Official Report


IIT Bombay Placements 2024  for MTech 

In the 2024 MTech placements at IIT Bombay, 564 students registered and 497 participated, resulting in 415 placements and an 83.5% placement rate. This rate is slightly lower compared to the consistent 90% placement rate in 2022 and 2023. Within the Environmental Science and Engineering branch, 50 students registered, with 42 participating and 34 securing placements. The Chemical Engineering branch saw 190 registrations, 160 participants, and 119 placements.


The Engineering and Technology sector was the top recruiting field, offering 194 positions during the 2024 MTech placements. This was followed by the IT/Software sector with 78 offers, the R&D sector with 39 offers, Consulting with 23 offers, and Data Analytics with 17 offers. These statistics highlight the strong demand for IIT Bombay MTech graduates in various high-growth industries, ensuring diverse and valuable career opportunities for students.


Particulars

2022

2023

2024

Students Placed

523

479

415

Placement Percentage

90%

90%

83.5%

Students Participated

582

532

497

Students Registered

670

583

564


IIT Bombay Placements 2024 for MSc 

In the IIT Bombay MSc Placements 2024, a total of 228 students registered for the placement process. Out of these, 158 students participated, and 87 successfully secured placements, resulting in an overall placement rate of 55.06%. This year marks a decline in the placement percentage compared to previous years, with rates of 69% in 2023 and 79% in 2022.


Focusing on specific branches, the MSc Mathematics program had 49 students register for placements. Of these, 37 participated and 20 were placed in 2024. Meanwhile, the MSc Physics program saw 48 students register, with 22 taking part in the placement activities and 7 securing placements. These figures highlight the varying placement outcomes across different MSc disciplines at IIT Bombay.


Particulars

2022

2023

2024

Students Placed

61

110

87

Placement Percentage

79%

69%

55.06%

Students Participated

77

159

158

Students Registered

151

214

228


Source: Official Report


IIT Bombay MBA Placements 2024

In the IIT Bombay MBA Placements 2024, the average package reached INR 28.01 LPA, continuing a variable trend observed over the past three years. Specifically, the MBA average packages were INR 25.9 LPA in 2022 and INR 28.88 LPA in 2023. For 2024, the highest package offered was INR 72 LPA, while the median package stood at INR 26.73 LPA.


Notably, the MBA program achieved a 100% placement rate in 2024, maintaining perfect placement records for three consecutive years. This consistent performance underscores IIT Bombay's commitment to excellence in its MBA program, ensuring that all graduates secure valuable positions in leading organisations.


Particulars

2022

2023

2024

Placement Percentage

100%

100%

100%

Average Salary

₹25.9 LPA

₹28.88 LPA

₹28.01 LPA

Highest Salary

₹49 LPA

₹54 LPA

₹72 LPA

Median Salary

₹25.8 LPA

₹26.64 LPA

₹26.73 LPA


Source: Official Report


IIT Bombay: BDes Placements 2024

In the IIT Bombay BDes Placements 2024, a total of 26 students registered for the placement process. Out of these, 17 students participated, and 9 successfully secured placements, resulting in a placement rate of 52.94%. This marks a decrease compared to previous years, where the placement rates were 71% in 2022 and 58% in 2023.


Top Recruiters at IIT Bombay Placements 2024

IIT Bombay continues to attract premier global and domestic companies across various sectors. Notable recruiters included:


  • Technology Giants: Google, Microsoft, Samsung, Intel

  • Finance and Consulting Firms: Leading banks and top consulting agencies

  • Research and Development: Prestigious R&D departments offering cutting-edge opportunities


Particulars

2022

2023

2024

Students Placed

12

7

9

Placement Percentage

71%

58%

52.94%

Students Participated

17

12

17

Students Registered

19

23

26


Source: Official Report


IIT Bombay Placements: International Opportunities

This year marked a significant increase in International placements, with 78 offers from companies based in Europe, Japan, UAE, Taiwan, USA, Singapore, Hong Kong, and the Netherlands, up from 65 the previous year.


IIT Bombay Placements: High-Value Offers

A standout feature of the 2024 placement season was the acceptance of 22 offers exceeding INR 1 Crore per annum, reflecting the high demand for IIT Bombay's top talent.


Comparative Analysis with Other IITs

When compared to other leading IITs, IIT Bombay remains competitive, placing the second-highest number of students among all IITs in 2024. Below is a comparative snapshot:


B.Tech Placement Comparison

Colleges

Average Package (2024)

Highest Package (2024)

Placement Rate (2024)

IIT Bombay

–/-

–/-

83.39%

IIIT Hyderabad

26.44 LPA

65 LPA

98.8%

IIIT Delhi

22.04 LPA

49 LPA

–/-

MNNIT Allahabad

19.48 LPA

71.14 LPA

–/-

IIT Mandi

22.38 LPA

–/-

72.39%


M.Tech Placement Comparison

Colleges

Average Package (2024)

Highest Package (2024)

Placement Rate (2024)

IIT Bombay

–/-

–/-

83.5%

IIIT Hyderabad

17.33 LPA

55 LPA

99.27%

IIIT Pune

–/-

19.06 LPA

–/-

IIT Roorkee

13.48 LPA

–/-

–/-

IIIT Delhi

17.75 LPA

34.62 LPA

–/-


Note: The values reflect the latest available data.


Placement Trends Over the Years

  • Average Package: Steadily increased from INR 21.5 LPA in 2022 to INR 23.5 LPA in 2024.

  • Median Package: Rose from INR 16.66 LPA in 2023 to INR 17.92 LPA in 2024.

  • International Offers: Increased from 65 in 2023 to 78 in 2024, indicating growing global opportunities.

  • High-Value Offers: Significant rise with 22 offers surpassing INR 1 Crore per annum in 2024.


IIT Bombay Placements: Alumni Success Stories

IIT Bombay boasts a network of illustrious alumni who have made significant impacts globally, including:


  • Bhavish Aggarwal: Co-founder of Ola Cabs

  • Nandan Nilekani: Co-founder of Infosys

  • Parag Agrawal: Former CEO of Twitter

  • K. Sivan: Former Chairman of ISRO


Tips for Students Preparing for Placements

  1. Resume Building: Craft a clear, concise resume highlighting your skills, projects, and achievements.

  2. Mock Interviews: Participate in mock interviews to build confidence and improve your interview skills.

  3. Networking: Engage with alumni and industry professionals to gain insights and opportunities.

  4. Skill Development: Continuously enhance your technical and soft skills to stay competitive.

  5. Stay Informed: Keep abreast of the latest industry trends and company-specific requirements.


Conclusion

IIT Bombay continues to uphold its reputation as a premier institution, offering robust placement opportunities across diverse sectors. With a consistently increasing average package and expanding international prospects, students are well-positioned to embark on successful career trajectories. Vedantu is committed to providing you with the latest and most accurate information to support your academic and professional aspirations.

FAQs on IIT Bombay Placements 2024

1. What is the overall placement rate for IIT Bombay Placements 2024?

The IIT Bombay Placements 2024 recorded an overall placement rate of 74.53%, with 1,475 students placed out of 1,979 participants.

2. What is the IIT Bombay CSE average package for 2024?

The IIT Bombay CSE average package for 2024 is INR 23.5 LPA, continuing its strong reputation in the tech industry.

3. What was the IIT Bombay highest package 2024?

The highest package of IIT Bombay 2024 reached impressive figures, with top recruiters offering packages that reflect the demand for IIT Bombay talent, though specific values for IIT Bombay highest package are currently undisclosed.

4. How does the average package of IIT Bombay compare to other IITs?

The IIT Bombay average package of INR 23.5 LPA for 2024 remains highly competitive when compared to other IITs. IIT Bombay continues to attract top-tier recruiters, making it one of the top institutes in India.

5. Can you provide a breakdown of IIT Bombay Placements 2024 by branch?

Yes, the IIT Bombay placements branch wise show strong performance across disciplines:

  • IIT Bombay Mechanical average package and IIT Bombay Chemical Engineering average package have seen significant placements in engineering sectors.

  • IIT Bombay Civil Engineering average package also reports solid figures due to the growth in infrastructure and construction sectors.

6. How did IIT Bombay MBA placements perform in 2024?

The IIT Bombay MBA placements in 2024 achieved a 100% placement rate with an average package of INR 28.01 LPA. The highest salary offered was INR 72 LPA, reflecting the strength of the MBA program at IIT Bombay.

7. What are the IIT Bombay highest package trends for 2024?

The IIT Bombay highest package 2024 saw an increase in high-value offers, including packages surpassing INR 1 Crore. This is a testament to the growing global demand for IIT Bombay graduates across various sectors.

8. What was the IIT Bombay Mechanical average package for 2024?

The IIT Bombay Mechanical average package for 2024 has been competitive, with graduates securing placements across leading engineering sectors, ensuring a robust start to their careers.

9. What was the IIT Bombay Placements 2024 process like?

The IIT Bombay placements process typically begins in July, with students registering for companies that visit the campus for resume screening, interviews, and job offers, leading to final placements by December.

10. Why did the placement percentage drop to 74.53% in 2024 at IIT Bombay?

The drop in IIT Bombay placements 2024 is primarily due to many students choosing higher education paths, entrepreneurship, or civil services, contributing to a slight decrease in participation.

11. How is the IIT Bombay CSE average package compared to other IITs?

The IIT Bombay CSE average package of INR 23.5 LPA is competitive compared to other IITs, reflecting the growing demand for top tech talent from IIT Bombay graduates.

12. What are the top recruiters in IIT Bombay Placements 2024?

IIT Bombay Placements 2024 saw top recruiters from the IT/Software, Engineering & Technology, and Finance sectors, with companies like Google, Microsoft, and Samsung leading the charge.

13. What is the IIT Bombay Placements 2024 highest package?

The highest package of IIT Bombay in 2024 saw significant growth, with top offers reaching above INR 1 Crore, reflecting the high demand for IIT Bombay’s graduates.

14. What are the IIT Bombay Placements 2024 highest package trends by sector?

In IIT Bombay placements 2024, IT/Software sectors led the charge with 178 offers, followed by Engineering & Technology, Finance, and R&D sectors, showing diverse career opportunities for graduates.

15. How did IIT Bombay Chemical Engineering average package perform in 2024?

The IIT Bombay Chemical Engineering average package remained strong in 2024, with significant placements in the energy, manufacturing, and pharmaceutical sectors.