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IIT Bombay: Indian Institute of Technology Bombay Placement: Average Package, Highest Package, Top Recruiters

  • Bombay, Maharastra
  • Government
  • NIRF Ranking 3

Saurav Anand

Candidates who want to know the the IIT Bombay placement in 2023 can go through the FormfeeS article. Here you all be able to learn everything there is to know about summer placement at IIT Bombay and placement across all industries and domains. Candidates must, however, have a basic familiarity with IIT Bombay.

Recent News about the IIT Bombay:

Students interested in applying for JEE Main 2024 Session 1 have until November 30, 2023. In addition, between January 24 and February 1, 2024, the JEE Main 2024 session 1 exam will be held. The JEE Main Session 2 examination will be held between April 1 and 15, 2024. Recent updates of IIT Bombay are:

  • IIT Bombay has revealed the list of PhD students who have been selected for the Entrance Test and PI. On November 30 and December 1, 2023, the Civil Engineering department will have interviews. On December 5, the Aerospace Engineering entrance exam will be administered. The Biosciences and Bioengineering admission exam and interview will be held on December 6th, 7th, and 8th, 2023. 
  • The top national and international packages at IIT Bombay Placements 2023 were INR 3.7 crore and INR 1.7 crore, respectively. IIT Bombay students received a total of 300 PPOs, with an average compensation of INR 21.8 LPA.
  • Applications for the IIT Bombay-WashU Joint Degree Executive MBA program are now being accepted. The ninth batch will go into service in January 2024.
  • On November 26, 2023, the CAT 2023 exam will be conducted. Registered applicants can acquire admission cards from the IIMCAT website.
  • The application correction window for GATE 2024 has closed at IISc Bangalore. GATE 2024 will take place on the dates of February 3, 4, 10, and 11, 2024.
  • The  IIT JAM 2024 online registration session has closed. The IIT JAM 2024 Admit Card will be available for download online on January 8, 2024.  Furthermore, the IIT JAM 2024 exam will be held on February 11, 2024.
  • The UCEED 2024 registration session has closed. On January 21, 2024, the UCEED 2024 exam will also be held (9 a.m. - 12 p.m.).
  • The CEED 2024 registration session has closed. Furthermore, the CEED test 2024 will be held on January 21, 2024 (9 a.m. - 12 p.m.). 
  • The dates for the JEE Advanced 2024 examination have been released. On May 26, 2024, IIT Madras will host the JEE Advanced 2024 Exam. Candidates can apply for the exam online at jee between April 21, 2024, and April 30, 2024.

IIT Bombay, founded in 1958 and set on 545 acres of land, offers over 200 undergraduate, graduate, and research programs. The college is ranked third among India's top engineering colleges in the NIRF 2023 rankings. IIT Bombay is placed among the top 50 universities in the world in the newly released QS World University Ranking 2024. BTech is the most popular course at IIT Bombay, followed by MTech, MBA, and MDes. For BTech admissions at IIT Bombay, JEE Advanced scores are used, whilst CAT scores are used for MBA admissions. IIT Bombay administers the CEED test for admission to the MDes program.

The Indian Institute of Technology Bombay (commonly known as IIT Bombay or IIT Mumbai) was the first public college to be established in 1958 with UNESCO's help. In 1961, the Indian Parliament classified it as an Institute of National Importance. It is also a 'Deemed University' that governs itself. IIT Bombay is ranked third in the Engineering category by NIRF 2023, second by India Today 2023, and second in the Engineering (Government) category by India Today 2023. IIT Bombay is ranked 149 in the Top Global Universities category in the QS World University Rankings 2024 and 172 in the QS World Rankings 2023.

IIT Bombay has been classified as an 'Institute of Eminence' by the University Grants Commission. IIT Bombay postings 2022-2023 offered the highest domestic package of INR 1.68 crore per year, with an average pay package of Rs 21.82 lakhs per year. One of the IIT Bombay features is a centrally air-conditioned library with cutting-edge study and research facilities for students, professors, staff, and alumni.

Now let’s talk about IIT Bombay Placement.

The final report on IIT Bombay Placements 2023 is now available. While compared to the previous year, the number of students placed increased by 5.2%. IIT Bombay's average package climbed by 1.5% to INR 21.82 LPA, while the maximum package was INR 3.67 CPA. Students got 1898 job offers, 1516 of which were accepted. In addition, IIT Bombay registered 963 summer internships and 141 winter internships. 

IIT Bombay Placements 2023 attracted 384 recruiters in total. Among the top recruiters were American Express, McKinsey & Company,  Honda Japan, and Boston Consulting Group. 

The biggest foreign and domestic package offered during IIT Bombay placements 2023 was INR 3.67 crore per annum and INR 1.68 crore per annum, respectively. Furthermore, during IIT Bombay placements in 2023, the average package offered was INR 21.82 LPA. Furthermore, the overall placement rate for IIT Bombay placements in 2023 was 82%. Furthermore, 384 organizations participated in the IIT Bombay placements in 2023, and 1,898 offers were made. During IIT Bombay internships in 2023, a total of 1,104 internship offers were made. Uber, Rubrik, and Millennium were among the prominent recruiters who visited the campus during IIT Bombay placements in 2023.

IIT Bombay Placement Report

The final report for IIT Bombay placements 2023 has now been out, and the institute has demonstrated exceptional accomplishment once again. A total of 1788 job offers were offered to 2023,1845 students at the IIT Bombay placements. During this placement event, 33 students obtained job offers worth more than INR 1 CPA. This year, 65 employment offers from firms in the United States, Japan, the United Kingdom, the Netherlands, Hong Kong, and Taiwan were made to IIT Bombay students. Take a look at the highlights from IIT Bombay Placements:

ParticularsPlacement of the year 2023Placement of the year 2022
No, of Recruiters Making Job Offers324-
No. of Recruiters Participated384332
No. of Registered Students2174-
No. of Job Offers18981878
No. of Students Who Actively Participated1845-
No. of Accepted Offers1516-
No. of Pre-Placement Offers300-
No. of Accepted Pre-Placement Offers194201
Placement Percentage82.16%-
Average PackageINR 21.82 LPAINR 22.7 LPA
Highest Domestic PackageINR 1.68 CPAINR 1.8 CPA
Highest International PackageINR 3.67 CPAINR 60.9 LPA
Top RecruitersBoston Consulting Group, American Express, Honda Japan, McKinsey & Company, etcRubrik, Black Stone, Uber, etc
Top Recruiting SectorEngineering & TechnologyEngineering & Technology

The following infographics compare placement at other IITs:

IITsAverage PackageHighest PackageNumber of offers
IIT Kanpur-INR 1.9 CPA1200
IIT PatnaINR 23.90 LPAINR 82.05 LPA413
IIT HyderabadINR 20.07 LPAINR 63.78 LPA621
IIT Kharagpur-INR 2.6 CPA1600

Salary Statistics for IIT Bombay Placements

In the salary statistics, candidates can know that in the year 2023 how many offers and companies came for the IIT Bombay placement. The salary data for IIT Bombay Placements 2023 are shown in the table below:

Salary RangeNumber of offersNumber of companies
INR 0 LPA to INR 5 LPA11
INR 5 LPA to INR 6.25 LPA9912
INR 6.25 LPA to INR 7.75 LPA7225
INR 7.75 LPA to INR 9.5 LPA14933
INR 9.5 LPA to INR 11.5 LPA14242
INR 11.5 LPA to INR 13.5 LPA26165
INR 13.5 LPA to INR 16 LPA22965
Above INR 16 LPA563130

Sector-wise IIT Bombay Placements

In this part, candidates can check the IIT Bombay placement sector-wise like how many offers are made, placement of sectors and number of recruiters. The Engineering and technology sector received the most offers (458), followed by the IT/Software industry (302 offers) and the Consulting sector (154 offers). The following table summarizes the sector-specific statistics for IIT Bombay Placements 2023:

SectorsPlacement in percentage(%)Number of offersNumber of Recruiters
Engineering & Technology30%45897
Research & Development6%9230
Public Sector Undertaking1%144
Data Science2%2513

The following table displays the sector use by course:

SectorsB.TechDual DegreeM.TechOther Courses
Engineering & Technology1295821358
Research & Development27143714
Data Science73114
Public Sector Undertaking4244

Company-wise IIT Bombay Placements

During IIT Bombay Placements 2023, the B.Tech batch placed the most students (791) followed by the M.Tech batch (583). The Dual Degree (B.Tech+M.Tech) course has the best placement %. 

The table below shows the course-by-course data for IIT Bombay Placements 2023: 

CoursesRegistered StudentsParticipated StudentsNumber of students placedPlacement in percentage(%)
Dual Degree (B.Tech+M.Tech)21518717895%
Dual Degree (B.Des+M.Des)109888%

Department-wise IIT Bombay Placements

Candidates who want to know which department got the highest number of offers can check the list given below. Computer Science & Engineering got the highest number of offers of 228 followed by Electrical Engineering and Mechanical Engineering respectively. The department-wise statistics of IIT Bombay Placements 2023 are shown in the table below:

DepartmentNumber of offers
Electrical Engineering214
Mechanical Engineering191
Computer Science & Engineering228
Chemical Engineering141
Civil Engineering129
Aerospace Engineering78
Metallurgical Engineering & Materials Science131
Industrial Design Centre54
Energy Sciences & Engineering40
Biosciences & Bioengineering33
Earth Sciences17
Applied Statistics & Informatics26

IIT Bombay Placement of MBA

The highest package of IIT Bombay placement of MBA is INR 54 LPA and the average package for females is INR 29.35 LPA. The following table summarizes IIT Bombay's MBA placement highlights for 2021-23:

ParticularsPlacement of MBA 2023
Percentage of PPOs50%
Batch Size115
Average PackageINR 28.88 LPA
Highest PackageINR 54 LPA
Top 75% Average PackageINR 31.41 LPA
Top 25% Average PackageINR 40.80 LPA
Top 50% Average PackageINR 34.58 LPA
Average Package (Female)INR 29.35 LPA
Median Package (Female)INR 28.90 LPA
Median PackageINR 26.64 LPA
Lowest Package (Female)INR 23.50 LPA
Lowest PackageINR 20 LPA
Major DomainsConglomerate, FMCG / FMCD

MBA IIT Bombay Placements PPO- Wise

The table below shows the PPO-by-PPO data for IIT Bombay MBA Placements :

Lowest PackageINR 16 LPA
Average PackageINR 30.35 LPA

Sector-Wise IIT Bombay Placements of MBA

The table below shows the sector-specific statistics for IIT Bombay MBA Placements :

SectorsAverage packageStudents splitCompany split
ConsultingINR 29.09 LPA21%16%
IT / E-commerceINR 31.72 LPA17%14%
BFSIINR 25.63 LPA14%18%
FMCG / FMCDINR 28.88 LPA24%27%
ConglomerateINR 28.54 LPA24%25%

Company-wise IIT Bombay Placements

There are three types of company offered made in IIT Bombay placement which are placements in MNCs in India, placement in Indian Companies and placement outside India. The following table summarizes the company-specific statistics for IIT Bombay Placements 2023:

Company TypeNumber of students placed
Placements in MNCs in India790
Placements in Indian Companies661
Placement Outside India65

IIT Bombay Placements for Ph.D. students

The highest package of IIT Bombay placement for a Ph.D. is INR 29 LPA and the average package is INR 18.34 LPA. The highlights of IIT Bombay Ph.D. The following are the placements for 2023:

ParticularsPlacement Statistics Of Ph.D. 2023
Active Participants131
Registered Students166
Accepted Offers41
Average PackageINR 18.34 LPA
Highest PackageINR 29 LPA
Percentage Increase34.16%
Percentage of Offers to Active Participants31.66%

Yearly-Wise Trends in IIT Bombay Placements

While compared to previous years, the number of candidates placed at IIT Bombay Ph.D. Placements in 2023 rose. In 2021, 14 Ph.D. students were enrolled, 30 in 2022, and 41 in 2023.

The following table shows the year-to-year trends in IIT Bombay Ph.D. placements:

Placement YearNumber of students who participated Number of students placed
Average CTCINR 21.82 LPAINR 21.50 LPAINR 17.91 LPA
Average Gross SalaryINR 16.66 LPAINR 16.50 LPAINR 13.67 LPA
No. of International Offers656658
No. of Pre-Placement Offers194201149

Analysis of IIT Bombay Placements 2023 by Branch

According to Formfees, 49 firms participated in phase 1 and 2 placements for batch 2023, and the following are the branch-wise placements for batch 2023 at IIT Bombay:

BranchName of the companyHighest CTCSectors
MechShellINR 22.5 LPACore
CSE / ElectronicsQuadEyeINR 1.02 CPASDE And R&D
AllDa Vinci DerivativesINR 1.32 CPAFinance
OthersNEDINR 47.5 LPASDE And R&D

IIT Bombay Placements for All Branch

The following table shows the organizations that made offers to all branches during the 2023 placement campaign at IIT Bombay:

CompanySectorCTC in LPAGross SalarySlotBranches Participated
Bain CapitalFinance3030First SlotALL
UberSDE And R&D3821First SlotALL
KearneyConsulting16.515.5First SlotALL
Morgan StanleyFinance38.525First SlotALL
HONDA R&DSDE And R&D5546First SlotALL
GoogleSDE And R&D31.818First SlotALL
KEDAARAFinance7640First SlotALL
Mckinsey & CompanyConsulting19.516First SlotALL
ANZ BankFinance19.3317.7First SlotALL
STRATEGY&Consulting2518First SlotALL
BCGConsulting2416.9First SlotALL
Bain & CompanyConsulting2218First SlotALL
MicrosoftSDE And R&D31.315First SlotALL
Elevation CapitalFinance4534.7First SlotAll
GIC SingaporeFinance70.547First SlotALL
Arthur D. LittleConsulting20.515First SlotALL
AirbusCore108.95First SlotALL
WestbridgeFinance4040First SlotALL
Sony JapanSDE And R&D6035.9First SlotALL
P&GAnalytics/Data Driven Consult2721.5First SlotAll
WorldquantSDE And R&D7665First SlotALL

The organizations who made offers in the second slot of placements 2023 at IIT Bombay are listed in the table below:

CompanySectorCTC in LPAGross SalarySlotBranches Participated
Auctus Advisors Pvt LtdConsulting1816.5Second SlotALL
FSG Advisory Services Pvt. Ltd.Consulting1010Second SlotALL
FlipkartAnalytics/Data Driven Consult21.718Second SlotAll
Morgan StanleyAnalytics/Data Driven Consult26.526.5Second SlotALL
Flow TradersAnalytics/Data Driven Consult111.282.81Second SlotAll
Arpwood CapitalFinance1815Second SlotALL
Da Vinci DerivativesFinance132.670.7Second SlotALL
Sony JapanSDE And R&D6035.9Second SlotALL
Accenture Solutions Pvt Ltd- Global Strategy & ConsultingConsulting1612Second SlotALL
Avendus CapitalFinance16.812Second SlotALL
Premji InvestFinance2720Second SlotALL

IIT Bombay CSE Placements

Candidates interested in CSE (Computer Science Engineering) placement should check the list given below. The CSE Placements for the batch 2023 at IIT Bombay are shown in the table below:

CompanySectorCTC IN LPAGross salarySlot 
QuadeyeSDE And R&D102.566First Slot
QualcommCore28.515.5First Slot
ShellCore22.516.5First Slot
RubrikSDE And R&D45.8536First Slot
Graviton Research Capital LLPSDE And R&D9050Second Slot
AppleSDE And R&D3218First Slot
McKinsey Knowledge CenterAnalytics/Data Driven Consult2119Second Slot
Taiwan Semiconductor Manufacturing CompanyCore66.254.9Second Slot
CohesitySDE And R&D4822Second Slot

Electronics Placements at IIT Bombay

The placements in electronics for the batch 2023 at IIT Bombay are shown in the table below:

CompanySectorCTC IN LPAGross salarySlot 
GE ITCCore16.610.5First Slot
QuadeyeSDE And R&D102.566First Slot
QualcommCore28.515.5First Slot
AppleSDE And R&D3218First Slot
Graviton Research Capital LLPSDE And R&D9050Second Slot
Texas InstrumentsCore26.816.75First Slot
Taiwan Semiconductor Manufacturing CompanyCore66.254.9Second Slot
McKinsey Knowledge CenterAnalytics/Data Driven Consult2119Second Slot

Mechanical Placements at IIT Bombay

The mechanical placements for the class 2023 at IIT Bombay are shown in the table below:

CompanySectorCTC IN LPAGross salarySlot 
Tata SteelCore11.810First Slot
GE ITCCore16.610.5First Slot
ShellCore22.516.5First Slot
McKinsey Knowledge CenterAnalytics/Data Driven Consult2119Second Slot
TATA SteelCore11.810Second Slot

Other Branches Placements at IIT Bombay

The following table shows the other branches placements for the IIT Bombay batch 2023:

CompanySectorCTC in LPAGross SalarySlotBranches Participated
UBSFinance2422.5Second SlotMATH, IEOR
GE ITCCore16.610.5First SlotCIVIL, META, SYSCON
QualcommCore28.515.5First SlotMATH
AppleSDE And R&D3218First SlotEP, SYSCON
ShellCore22.516.5First SlotChem, Meta, AERO
Texas InstrumentsCore26.816.75First SlotElec, EP, ENERGY
NECSDE, And R&D46.736.5Second SlotPh.D. ALL
Cairn Oil and Gas Vedanta LimitedCore2014Second SlotAERO, EARTH, GEO

IIT Bombay Placements for Internships

In 2023, IIT Bombay placements for internship, number of offers offered before placement were 300, and in 2022 there were 248 offers. Number of internships offered in 2023 was 1104. 

ParticularsPlacement Statistics for the year  2023Placement Statistics for the year  2022
No. of PPOs Offered300248
No. of PPOs Accepted194201
No. of Internships11041195
Winter Internship Offers141271
Summer Internship Offers963924

Department-wise IIT Bombay Summer Internship Placements

The Computer Science department received the highest number of offers which is 237. The table below shows the departmental data for IIT Bombay Internship Placements 2023:

DepartmentNumber of offers
Computer Science237
Engineering Physics19

IIT Bombay Top Recruiters

Below is the list of top recruiters within the IIT Bombay placement with different courses.

CoursesTop recruiters
Aerospace EngineeringISRO, Airbus, Gulfstream, Honeywell, etc
Applied Graphics Earth SciencesSysmex, Indigence, Vedanta, CitiusTech, etc
Civil Engineering Research Center for Nanotechnology and ScienceTata, L&T, Ramboll, etc
Chemical Engineering, ChemistryPiramal, Hindustan Unilever, etc 
Applied Statistics & Informatics, MathematicsCiti Bank, EY, Accenture, EXL, etc 
Computer Science EngineeringApple, IBM, Google, Uber, Microsoft
Electrical EngineeringSamsung, NEC, Texas Instruments, Honda, etc
Energy Science & Engineering Mahindra, SUZLON, GSE, etc
Engineering PhysicsAnalog Devices, BYJU’s, tsmc, etc 
Industrial Engineering & Operations Research, Metallurgical Engineering & Materials ScienceP&G, NEC, JSW, etc
Geoinformatics & Resources Engineering, Humanities & Social SciencesBloom energy, Sony, Qualcomm, Rakuten, etc
Industrial Design CentreReliance, Google, IBM, Microsoft, etc
Mechanical EngineeringTata steel, Loreal Paris, DAIKIN, Jaguar, etc
Environmental Science & Engineering, Climate StudiesLT, EATOn, etc
System & Control EngineeringHitachi, Havels, etc 
Technology & DevelopmentMicron, BDEING, etc 

IIT Bombay Alumni Network

Below is the list of IIT Bombay Placement Alumni Network.

Name of OrganizationsNumber of Alumni
E-Cell, IIT Bombay333
Mood Indigo IIT Bombay317
JP Morgan Chase & Co177
Goldman Sachs184
McKinsey & Company136
Student Alumni Relations Cell, IIT Bombay83
Techfest, IIT Bombay301
Bain & Company74
Placement Office, IIT Bombay119
Boston Consulting Group (BCG)119

Frequently Asked Questions About IIT Bombay

Q. What is the average package of IIT Bombay CSE?

Ans. According to reports, the average package for IIT Bombay in 2023 was INR 23.26 LPA, up from INR 22.7 LPA in 2022.

Q. Who got 3.67 crore package?

Ans. In the annual placements, an Indian Institute of Technology (IIT)-Bombay graduate from the 2022-23 class received the highest worldwide job offer with a salary of Rs 3.67 crore per annum, according to the institute.

Q. Does IIT have 100% placement?

Ans.  Yes, all IITs provide 100% placement for their students. Only pupils who desire to pursue further education are excluded from the placement push.

Q. Who earns more IIT or IIM?

Ans. IIM graduates get significantly higher pay than IIT grads in several circumstances. It is difficult for an IIM graduate to quit a comfortable and lucrative salaried position to embark on an entrepreneurial path. As a result, the number of startups founded by an IIT graduate exceeds that of an IIM graduate.

Q. What is the placement package of IIT Bombay?

Ans. The highest foreign package at IIT Bombay Placements 2023 was INR 3.67 CPA, while the top domestic package was INR 1.68 CPA. The average package at IIT Bombay was INR 21.82 LPA. 

Q. Which is better, MIT or IIT Bombay?

Ans.  MIT Placements 2023 had 92.9% placements, whereas IIT Bombay had 82.16% placements. MIT's highest package was INR 54.75 LPA, and the average package was INR 12.59 LPA, while IIT Bombay's highest package was INR 3.67 CPA, and the average package was INR 21.82 LPA.

Q. How is IIT Bombay M.Tech placements?

Ans. IT Bombay M.Tech Placements 2023 had 479 placements, with a placement percentage of 90%.

Q. What is the average package in bits Pilani?

Ans. The average package in BITS Pilani Placement has risen over the years. In 2021, it was INR 26.29 LPA, INR 28.99 LPA in 2022, and INR 30.37 LPA in 2023.

Q. What is the highest placement in IIT ever?

Ans. A graduate of IIT Bombay has received the highest-placement overseas offer of Rs 3.7 crore per year.

Q. What percentage is top 5 IIT?

Ans. In general, admission to any of the top IITs requires a score of at least 90%. JEE Mains scores can range between 230 and 250. In addition, the student must attain a rank between 15,000 and 20,000 to be admitted to the top IIT.