Indian Institute of Technology Bombay , Mumbai   Placements Mumbai ,Maharashtra

 ESTD 1958
 Public College
 NIRF Ranking - 3
  AICTE Approved

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Placement

Highest and average package for MBA / PGDM

  HIGHEST
27 L
  AVERAGE
16 L

Industry Average for MBA / PGDM

  HIGHEST
15 L
  AVERAGE
4.5 L

Placement Highlights

 Latest Update: At the completion of Phase 1 IIT Bombay Placements in 2023, the highest domestic and overseas package reportedly provided was INR 3.67 crore per year and INR 1.31 crore per year, respectively. Additionally, the average compensation package for the IIT Bombay postings in 2023 was INR 23.26 LPA.Additionally, 1,648 offers were made at the IIT Bombay placements in 2023, of which 1,431 were accepted. Phase 1 of the IIT Bombay placements in 2023 saw 63 overseas offers accepted. Importantly, during the IIT Bombay placements in 2023, 25 offers totaling more than INR 1 million per year in the package were accepted.

The Indian Institute of Technology Bombay (commonly known as IIT Bombay or IIT Mumbai) was founded in 1958 and is the first public college to receive funding from UNESCO. The Indian Parliament designated it an "Institute of National Importance" in 1961. It has been designated as a "deemed university" and is self-governing. It has also been ranked No. 1 by the Quacquarelli Symonds world university rankings.  In the QS World Rankings 2022, IIT Bombay is rated 177th. IIT Mumbai has been placed third in both the overall and engineering categories by NIRF for the year 2021. With a 60-year history, the deemed-university campus has expanded to include 15 academic departments, 34 centers, 17 departments, and three schools, offering more than 60 engineering courses.

IIT Bombay Placement Highlights

The table below mentions the IIT Bombay Placement 2023 Highlights:

ParticularsStatistics (2023) Phase 1
No. of companies visited293
Overall highest domestic packageINR 3.67 Crore per Annum
Overall highest international packageINR 1.31 Crore per Annum
PhD highest packageINR 29 LPA
Overall average packageINR 23.26 LPA
PhD average packageINR 16 LPA
No. of offers received1,648
No. of offers accepted1,431
No. of PPOs received300
No. of PPOs accepted194
No. of international offers accepted63

IIT Bombay Average Package 2022

The below infographic shows the average package for IIT Bombay for the past two years along with this year’s average package. The trend is not showing a clear downfall or rise. The average package for the year 2020 was 20.08 LPA; in 2021 it was 17.91 LPA, and in 2022, it was 22.7 LPA. The information is represented in the form of a bar graph below: 

Particulars202020212022
Average PackageINR 20.08 LPAINR 17.91 LPA

INR 22.7 LPA (domestic)

INR 60.9 LPA (international)

IIT Bombay Highest Package 2022

The following are the highest domestic and international compensation packages granted during IIT Bombay placements in 2022:

Particulars

Statistic

Highest domestic package 2022INR 1.8 crore per annum
Highest international package 2022INR 2.1 crore per annum

IIT Bombay Placements Branch Wise

A total of 49 organizations have so far taken part in phase 1 and phase 2 placements for the batch 2023, and the Placements for the batch 2023 at IIT Bombay are as follows:

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

IIT Bombay Salary-Wise Statistics 2022

The following lists the number of organizations visited and offers given in each wage range during IIT Bombay Placements in 2022:

Gross Salary RangeNo. of OffersNo. of Companies
Above INR 16 LPA562124
INR 13.5 LPA to INR 16 LPA28471
INR 11.5 LPA to  INR 13.5 LPA23061
INR 9.5 LPA to INR 11.5 LPA17247
INR 7.75 LPA to  INR 9.5 LPA11742
INR 6.25 LPA to INR 7.75 LPA5424
INR 5 LPA to INR 6.25 LPA179
Upto INR 5 LPA53

IIT Bombay M.Tech Placements 2022 Sector Wise

In terms of  IT/Software has a share of 28%, engineering and technology have a share of 45%, and the rest of the sectors are given in the pie chart below: 

IIT Bombay Placement compared to other IITs

The below table describes the placement comparison of IIT Bombay to other IITs, including their highest, average package and the number of offers received by the students: 

IIIT 

Highest Package

Average Package

No. of Offers

IIT BombayINR 2.1 crore per annumINR 22.7 LPA (Domestic) 1,441
IIT DelhiINR 2 crore per annumNA1,300
IIT MadrasINR 1.98 crore per annumINR 22.7 LPA (BTech)1,199+
IIT KanpurINR 2.23 crore per annumNA1,300

 

IIT Bombay Placement rate in 2022? 

A fluctuating trend was witnessed in the placement rate over the last three years during IIT Bombay placements. The trends witnessed during IIT Bombay placements with respect to the placement rate over the last three years are presented below: 

IIT Bombay Placement Percentage 

Year

83.58%2020
76.21%2021
89%2022

 

A total of 1,878 offers were made out of which 1,441 offers were received during IIT Bombay placements 2022. The other key with repect to IIT Bombay placements 2022 is presented below: 

Particulars

Statistics (2022)

Students registered2,055
Students participated 1,612
Students placed 1,441
Placement rate89%
No. of companies332
No. of offers made1,878
No. of offers received1,441
No. of PPOs 201
No. of international offers66

Recruiters

191 Companies

Adobe
3M
Cisco
Cadbury
Boston Consulting Group
Boston Analytics
Deloitte
D. E. Shaw India Software Private Limited
Deutsche Bank
Dr.Reddy’s Laboratories Ltd
essar group
evalueserve
Futures First
General Motors
geodesic information systems
goldman sachs
Hindustan Aeronautics Limited (HAL)
Hewlett-Packard (HP)
HPCL
inductis
infosys
Intel Technology India Pvt Ltd
Indian Oil Corporation Ltd (IOCL)
ITC
j p morgan
Larsen & Toubro Ltd.
McKinsey & Co
microsoft
morgan stanley
Google
ongc
opera solutions
oracle
samsung
sandisk
schlumberger
shell technology
siemens
strand life sciences
sun microsystems
symantec corporation
TCS
tatamotors
tower research capital
ubs
unitech
vmware
Yahoo! Software Development Pvt. Ltd
A.T. Kearney India
Absolute Data Group
Adventity BPO India Pvt. Ltd.
Airvana Networks India
Blue Star
Citrix
Credit Suisse Business Analytics
DVWS (Doshion)
Fidelity
Irunway
John Deere India Ltd
Eperium Business Solutions India Pvt Ltd
Accenture
Cosmic Circuits
Intergraph Consulting Pvt.Ltd
JK Tyre
Nvidia
Renault Nissan
Amazon India
Analog Devices
Applied Materials
Ashok Leyland
Barclays Bank
Bharat Electronics Limited
Cairn
Ernst & Young
Halliburton
HDFC Bank
HSBC.
JUNIPER
L&T ECC
Millennium Networks
Motorola India Limited
MU SIGMA
National Instruments
Novellus
Reliance Industries Ltd.
Sundaram Fasteners
TCE Consulting Engineers
Technipp India
Texas Instrument
Xilinx
ZS Associates
Capital One Financial Services
DSP Merrill Lynch
Lehman Brothers
Price Waterhouse Coopers
Procter & Gamble
Tata Strategic Management Group
Angel Broking
Cypress
KPMG India
i2 Technologies India Pvt. Ltd
Zinnov
Kotak Group
Rediff
Tejas Networks
Tata Steel
Essar E&P Ltd.
Hindustan Zinc Limited (HZL)
IBM India Pvt. Ltd.
Samsung India Software Operation(SISO)
ERM India
Dun & Bradstreet
LMS Emmeskay Solutions Pvt. Ltd.
Novell Software Development (I) Pvt. Ltd.
Qualcomm India Pvt. Ltd.
TATA Technologies
Wipro Technologies
Asus Technology
ECS Limited
Fair Issac
Symphony
GE India Technology Centre-JFWTC
GE Water & process
General Motor Technical Centre
ABPS Infrastructure Advisory
Osram
Global Analytics India Pvt. Ltd.
Pacific Mindware Engineering Pvt Ltd
Global Industries Offshore LLC
pangea3 LLC
Paradigm Geophysical
AIR-Worldwide