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 adv.ac.in 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:

Particulars	Placement of the year 2023	Placement of the year 2022
No, of Recruiters Making Job Offers	324	-
No. of Recruiters Participated	384	332
No. of Registered Students	2174	-
No. of Job Offers	1898	1878
No. of Students Who Actively Participated	1845	-
No. of Accepted Offers	1516	-
No. of Pre-Placement Offers	300	-
No. of Accepted Pre-Placement Offers	194	201
Placement Percentage	82.16%	-
Average Package	INR 21.82 LPA	INR 22.7 LPA
Highest Domestic Package	INR 1.68 CPA	INR 1.8 CPA
Highest International Package	INR 3.67 CPA	INR 60.9 LPA
Top Recruiters	Boston Consulting Group, American Express, Honda Japan, McKinsey & Company, etc	Rubrik, Black Stone, Uber, etc
Top Recruiting Sector	Engineering & Technology	Engineering & Technology

The following infographics compare placement at other IITs:

IITs	Average Package	Highest Package	Number of offers
IIT Kanpur	-	INR 1.9 CPA	1200
IIT Patna	INR 23.90 LPA	INR 82.05 LPA	413
IIT Hyderabad	INR 20.07 LPA	INR 63.78 LPA	621
IIT BHU	-	INR 1.2 CPA	472
IIT Kharagpur	-	INR 2.6 CPA	1600

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 Range	Number of offers	Number of companies
INR 0 LPA to INR 5 LPA	1	1
INR 5 LPA to INR 6.25 LPA	99	12
INR 6.25 LPA to INR 7.75 LPA	72	25
INR 7.75 LPA to INR 9.5 LPA	149	33
INR 9.5 LPA to INR 11.5 LPA	142	42
INR 11.5 LPA to INR 13.5 LPA	261	65
INR 13.5 LPA to INR 16 LPA	229	65
Above INR 16 LPA	563	130

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:

Sectors	Placement in percentage(%)	Number of offers	Number of Recruiters
IT/Software	20%	302	88
Engineering & Technology	30%	458	97
Consulting	10%	154	29
Education	5%	81	7
Analytics	5%	79	21
Research & Development	6%	92	30
Finance	5%	76	32
Public Sector Undertaking	1%	14	4
Services	1%	9	4
Design	2%	33	19
Data Science	2%	25	13
Others	1%	193	59

The following table displays the sector use by course:

Sectors	B.Tech	Dual Degree	M.Tech	Other Courses
IT/Software	156	32	95	19
Engineering & Technology	129	58	213	58
Research & Development	27	14	37	14
Consulting	75	28	33	18
Education	5	1	21	54
Design	1	3	4	25
Analytics	36	14	17	12
Finance	52	12	1	11
Data Science	7	3	11	4
Services	5	-	4	-
Public Sector Undertaking	4	2	4	4
Others	91	20	37	26

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: 

Courses	Registered Students	Participated Students	Number of students placed	Placement in percentage(%)
B.Tech	791	679	598	88%
Dual Degree (B.Tech+M.Tech)	215	187	178	95%
M.Tech	583	532	479	90%
M.Sc	214	159	110	69%
B.S.	57	43	39	90%
B.Des	23	12	7	58%
M.Des	76	63	39	61%
Dual Degree (B.Des+M.Des)	10	9	8	88%
MPP	12	9	6	66%
Ph.D	166	131	41	31%
Others	27	21	11	52%

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:

Department	Number of offers
Electrical Engineering	214
Mechanical Engineering	191
Computer Science & Engineering	228
Chemical Engineering	141
Civil Engineering	129
Aerospace Engineering	78
Metallurgical Engineering & Materials Science	131
Industrial Design Centre	54
Chemistry	35
Physics	17
Energy Sciences & Engineering	40
Biosciences & Bioengineering	33
Earth Sciences	17
Applied Statistics & Informatics	26
Others	182

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:

Particulars	Placement of MBA 2023
Percentage of PPOs	50%
Batch Size	115
Average Package	INR 28.88 LPA
Highest Package	INR 54 LPA
Top 75% Average Package	INR 31.41 LPA
Top 25% Average Package	INR 40.80 LPA
Top 50% Average Package	INR 34.58 LPA
Average Package (Female)	INR 29.35 LPA
Median Package (Female)	INR 28.90 LPA
Median Package	INR 26.64 LPA
Lowest Package (Female)	INR 23.50 LPA
Lowest Package	INR 20 LPA
Major Domains	Conglomerate, FMCG / FMCD

MBA IIT Bombay Placements PPO- Wise

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

Particulars	Packages
Lowest Package	INR 16 LPA
Average Package	INR 30.35 LPA

Sector-Wise IIT Bombay Placements of MBA

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

Sectors	Average package	Students split	Company split
Consulting	INR 29.09 LPA	21%	16%
IT / E-commerce	INR 31.72 LPA	17%	14%
BFSI	INR 25.63 LPA	14%	18%
FMCG / FMCD	INR 28.88 LPA	24%	27%
Conglomerate	INR 28.54 LPA	24%	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 Type	Number of students placed
Placements in MNCs in India	790
Placements in Indian Companies	661
Placement Outside India	65

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:

Particulars	Placement Statistics Of Ph.D. 2023
Active Participants	131
Registered Students	166
Accepted Offers	41
Average Package	INR 18.34 LPA
Highest Package	INR 29 LPA
Percentage Increase	34.16%
Percentage of Offers to Active Participants	31.66%

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 Year	Number of students who participated	Number of students placed
2023	131	41
2022	67	230
2021	76	14

Particulars	2023	2022	2021
Average CTC	INR 21.82 LPA	INR 21.50 LPA	INR 17.91 LPA
Average Gross Salary	INR 16.66 LPA	INR 16.50 LPA	INR 13.67 LPA
No. of International Offers	65	66	58
No. of Pre-Placement Offers	194	201	149

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:

Branch	Name of the company	Highest CTC	Sectors
Mech	Shell	INR 22.5 LPA	Core
CSE / Electronics	QuadEye	INR 1.02 CPA	SDE And R&D
All	Da Vinci Derivatives	INR 1.32 CPA	Finance
Others	NED	INR 47.5 LPA	SDE 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:

Company	Sector	CTC in LPA	Gross Salary	Slot	Branches Participated
Bain Capital	Finance	30	30	First Slot	ALL
Uber	SDE And R&D	38	21	First Slot	ALL
Kearney	Consulting	16.5	15.5	First Slot	ALL
Morgan Stanley	Finance	38.5	25	First Slot	ALL
HONDA R&D	SDE And R&D	55	46	First Slot	ALL
Google	SDE And R&D	31.8	18	First Slot	ALL
KEDAARA	Finance	76	40	First Slot	ALL
Mckinsey & Company	Consulting	19.5	16	First Slot	ALL
ANZ Bank	Finance	19.33	17.7	First Slot	ALL
STRATEGY&	Consulting	25	18	First Slot	ALL
BCG	Consulting	24	16.9	First Slot	ALL
Bain & Company	Consulting	22	18	First Slot	ALL
Microsoft	SDE And R&D	31.3	15	First Slot	ALL
Elevation Capital	Finance	45	34.7	First Slot	All
GIC Singapore	Finance	70.5	47	First Slot	ALL
Arthur D. Little	Consulting	20.5	15	First Slot	ALL
Airbus	Core	10	8.95	First Slot	ALL
Westbridge	Finance	40	40	First Slot	ALL
Sony Japan	SDE And R&D	60	35.9	First Slot	ALL
P&G	Analytics/Data Driven Consult	27	21.5	First Slot	All
Worldquant	SDE And R&D	76	65	First Slot	ALL

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

Company	Sector	CTC in LPA	Gross Salary	Slot	Branches Participated
Auctus Advisors Pvt Ltd	Consulting	18	16.5	Second Slot	ALL
FSG Advisory Services Pvt. Ltd.	Consulting	10	10	Second Slot	ALL
Flipkart	Analytics/Data Driven Consult	21.7	18	Second Slot	All
Morgan Stanley	Analytics/Data Driven Consult	26.5	26.5	Second Slot	ALL
Flow Traders	Analytics/Data Driven Consult	111.2	82.81	Second Slot	All
Arpwood Capital	Finance	18	15	Second Slot	ALL
Da Vinci Derivatives	Finance	132.6	70.7	Second Slot	ALL
Sony Japan	SDE And R&D	60	35.9	Second Slot	ALL
Accenture Solutions Pvt Ltd- Global Strategy & Consulting	Consulting	16	12	Second Slot	ALL
Avendus Capital	Finance	16.8	12	Second Slot	ALL
Premji Invest	Finance	27	20	Second Slot	ALL

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:

Company	Sector	CTC IN LPA	Gross salary	Slot
Quadeye	SDE And R&D	102.5	66	First Slot
Qualcomm	Core	28.5	15.5	First Slot
Shell	Core	22.5	16.5	First Slot
Rubrik	SDE And R&D	45.85	36	First Slot
Graviton Research Capital LLP	SDE And R&D	90	50	Second Slot
Apple	SDE And R&D	32	18	First Slot
McKinsey Knowledge Center	Analytics/Data Driven Consult	21	19	Second Slot
Taiwan Semiconductor Manufacturing Company	Core	66.2	54.9	Second Slot
Cohesity	SDE And R&D	48	22	Second Slot

Electronics Placements at IIT Bombay

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

Company	Sector	CTC IN LPA	Gross salary	Slot
GE ITC	Core	16.6	10.5	First Slot
Quadeye	SDE And R&D	102.5	66	First Slot
Qualcomm	Core	28.5	15.5	First Slot
Apple	SDE And R&D	32	18	First Slot
Graviton Research Capital LLP	SDE And R&D	90	50	Second Slot
Texas Instruments	Core	26.8	16.75	First Slot
Taiwan Semiconductor Manufacturing Company	Core	66.2	54.9	Second Slot
McKinsey Knowledge Center	Analytics/Data Driven Consult	21	19	Second Slot

Mechanical Placements at IIT Bombay

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

Company	Sector	CTC IN LPA	Gross salary	Slot
Tata Steel	Core	11.8	10	First Slot
GE ITC	Core	16.6	10.5	First Slot
Shell	Core	22.5	16.5	First Slot
McKinsey Knowledge Center	Analytics/Data Driven Consult	21	19	Second Slot
TATA Steel	Core	11.8	10	Second Slot

Other Branches Placements at IIT Bombay

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

Company	Sector	CTC in LPA	Gross Salary	Slot	Branches Participated
UBS	Finance	24	22.5	Second Slot	MATH, IEOR
GE ITC	Core	16.6	10.5	First Slot	CIVIL, META, SYSCON
Qualcomm	Core	28.5	15.5	First Slot	MATH
Apple	SDE And R&D	32	18	First Slot	EP, SYSCON
Shell	Core	22.5	16.5	First Slot	Chem, Meta, AERO
Texas Instruments	Core	26.8	16.75	First Slot	Elec, EP, ENERGY
NEC	SDE, And R&D	46.7	36.5	Second Slot	Ph.D. ALL
Cairn Oil and Gas Vedanta Limited	Core	20	14	Second Slot	AERO, 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. 

Particulars	Placement Statistics for the year  2023	Placement Statistics for the year  2022
No. of PPOs Offered	300	248
No. of PPOs Accepted	194	201
No. of Internships	1104	1195
Winter Internship Offers	141	271
Summer Internship Offers	963	924

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:

Department	Number of offers
Electrical	138
Mechanical	130
Computer Science	237
Chemical	98
Aerospace	33
MEMS	50
Civil	49
Chemistry	20
Energy	11
Engineering Physics	19

IIT Bombay Top Recruiters

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

Courses	Top recruiters
Aerospace Engineering	ISRO, Airbus, Gulfstream, Honeywell, etc
Applied Graphics Earth Sciences	Sysmex, Indigence, Vedanta, CitiusTech, etc
Civil Engineering Research Center for Nanotechnology and Science	Tata, L&T, Ramboll, etc
Chemical Engineering, Chemistry	Piramal, Hindustan Unilever, etc
Applied Statistics & Informatics, Mathematics	Citi Bank, EY, Accenture, EXL, etc
Computer Science Engineering	Apple, IBM, Google, Uber, Microsoft
Electrical Engineering	Samsung, NEC, Texas Instruments, Honda, etc
Energy Science & Engineering	Mahindra, SUZLON, GSE, etc
Engineering Physics	Analog Devices, BYJU’s, tsmc, etc
Industrial Engineering & Operations Research, Metallurgical Engineering & Materials Science	P&G, NEC, JSW, etc
Geoinformatics & Resources Engineering, Humanities & Social Sciences	Bloom energy, Sony, Qualcomm, Rakuten, etc
Industrial Design Centre	Reliance, Google, IBM, Microsoft, etc
Mechanical Engineering	Tata steel, Loreal Paris, DAIKIN, Jaguar, etc
Environmental Science & Engineering, Climate Studies	LT, EATOn, etc
System & Control Engineering	Hitachi, Havels, etc
Technology & Development	Micron, BDEING, etc

IIT Bombay Alumni Network

Below is the list of IIT Bombay Placement Alumni Network.

Name of Organizations	Number of Alumni
Microsoft	560
Amazon	401
Accenture	252
E-Cell, IIT Bombay	333
Mood Indigo IIT Bombay	317
Google	741
JP Morgan Chase & Co	177
Goldman Sachs	184
McKinsey & Company	136
Student Alumni Relations Cell, IIT Bombay	83
Techfest, IIT Bombay	301
Bain & Company	74
Placement Office, IIT Bombay	119
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.