IIT Bombay reported a 70% placement rate for its 2024-25 academic year. This figure represents a drop from the 75% achieved in the previous year. Despite the lower hiring percentage, average salaries increased. The average annual compensation reached Rs. 26.45 lakh, an over 10% rise from last year. The median salary also climbed to Rs. 20 lakh.
The placement process saw 2,040 students participate. Of these, approximately 70% secured job offers. This contrasts with the 75% placement rate recorded during the 2023-24 placement season. The increase in average and median salaries signals stronger financial outcomes for students who received offers.
Placement Breakdown
The engineering and technology sector led recruitment, generating 429 offers. The IT and software coding sector followed with 316 offers. Other key sectors included consulting (126 offers), data analytics (114 offers), and finance (112 offers).
International Offers and Other Pathways
A total of 65 international offers were made. These offers came from companies in Japan, Taiwan, Europe, and the United States. The Computer Science and Engineering department reported strong placement numbers. It placed 258 out of 277 participating students.
Some students opted out of the placement cycle. Reasons cited include pursuing entrepreneurship, higher studies, or postdoctoral research. This trend was particularly observed among PhD candidates.
