IIT Bombay Placements: Highest Package, Average Salary, Top Recruiters & Placement Rate

IIT Bombay is famous among engineering students for the combination of academic excellence, placement opportunities, research exposure, industry exposure, and exceptional career prospects. Its location in Mumbai further provides students with exposure to leading technology, finance, consulting, and startup companies. IIT Bombay placements, highest packages, fees, courses, and cutoffs are among the most searched topics by aspirants planning their engineering careers.

In this blog, students can find IIT Bombay’s latest placement highlights, average and median packages, top recruiters, popular courses and B.Tech branches, branch-wise placement data, and JEE Advanced 2026 cutoff ranks. This will definitely help them plan their college and branch preferences.

Introduction to IIT Bombay

IIT Bombay was established in 1958 and became an Institute of National Importance under the Institutes of Technology Act in 1961. The institute is located at Powai in Mumbai and has developed into a leading centre for engineering education, science, technology and interdisciplinary research. IIT Bombay holds 3rd place in the NIRF 2025 Engineering list, with an Engineering score of 83.65 (Source: NIRF Ranking 2025). It also ranked 3rd Overall, 4th in Research, and 2nd in Innovation in NIRF 2025.

IIT Bombay was earlier funded by UNESCO and the Soviet Union (USSR). The assistance included laboratory equipment, technical experts, and fellowships for Indian faculty to receive training in the USSR. It ultimately improved the overall quality of education and placement exposure for students.

Its academic environment combines rigorous coursework, flexible electives, research projects, industry interaction, and entrepreneurship. The institute also benefits from Mumbai’s technology, finance, consulting, manufacturing, media and startup ecosystem. The IIT Bombay Placement Office coordinates campus recruitment, internships and employer interaction, while students also receive opportunities to explore higher education, entrepreneurship and research careers.

Particulars	Details
Institute	Indian Institute of Technology Bombay
Established	1958
Location	Powai, Mumbai, Maharashtra
NIRF 2025 Engineering Rank	3rd
NIRF 2025 Engineering Score	83.65
Major Academic Areas	Engineering, Science, Technology, Management, Design, Humanities and Interdisciplinary Research
Courses Offered	B.Tech, Dual Degree, B.S., B.Des., M.Tech, M.Sc., MBA, PhD and other programmes
Placement Support Authority	Placement Office, IIT Bombay
Key Strengths	Research, engineering education, placements, entrepreneurship, innovation, alumni network and industry interaction

Also Read: Best Engineering Colleges in India 2026: IITs, NITs & IIITs.

IIT Bombay Placement Highlights 2023-24

IIT Bombay overall B.Tech placement rate is around 83.39% in 2023-24, with an overall institute placement rate of 74.53%. All the key highlights of the IIT Bombay 2023-24 placement report are mentioned below:

• Overall placement activity stayed strong but dipped slightly from the previous year.
• Out of 2414 registered students, 1979 actively participated in placements and 1475 secured offers, a 74.53% placement rate, translating into 1650 total job offers from 388 companies (out of 543 that registered, with 364 actually extending offers) (Source: IIT Bombay Placement and Internship Report 2023-24).
• This is marginally down from 1516 students placed in 2022-23, but company participation actually grew about 12% (324 to 364 firms), suggesting more employers came in but with somewhat tighter overall hiring (Source: IIT Bombay Placement and Internship Report 2023-24).
• The compensation improved despite the softer placement count. Average CTC increased 7.7% to ₹23.50 LPA (from ₹21.82 LPA), with a median of ₹17.92 LPA. Twenty-two students landed offers of ₹1 crore or more, and 558 offers crossed the ₹20 LPA mark, so while fewer students were placed, those who were placed commanded meaningfully higher pay (Source: IIT Bombay Placement and Internship Report 2023-24).
• Internship overall rate grew from 13% year-over-year to 1267 total offers (1177 from companies, 90 from universities; 1178 summer vs 89 winter).

Particulars	Latest Official Figure
Placement Season	2023–24
Registered Students	2414
Participating Students	1979
Accepted Offers	1650
Total B.Tech Placements	683
Overall Placement Percentage	74.53%
Overall B.Tech Placement Percentage	83.39%
Companies Participated	388
Companies Offering Jobs	364
International Offers Accepted	78
PPOs Accepted	258
Highest CTC	₹3.67 crore per annum (Approximately)
Average CTC	₹23.50 LPA
Median CTC	₹17.92 LPA

Popular Courses and B.Tech Branches at IIT Bombay

IIT Bombay offers undergraduate, postgraduate, doctoral and interdisciplinary programmes. At the UG level, admission to B.Tech and other engineering programmes is primarily through JEE Advanced followed by JoSAA counselling. The institute has also introduced greater curriculum flexibility, including hands-on courses, data science and AI exposure, minors and courses outside students’ parent departments.

Popular Courses: B.Tech, B.Tech + M.Tech Dual Degree, B.S., B.Des., M.Tech, M.Sc., MBA, Ph.D.

B.Tech Branches:

• Aerospace Engineering
• Chemical Engineering
• Civil Engineering
• Computer Science and Engineering
• Electrical Engineering
• Environmental Science and Engineering
• Energy Engineering
• Industrial Engineering and Operations Research
• Mechanical Engineering
• Metallurgical Engineering and Materials Science
• Engineering Physics

IIT Bombay B.Tech Placement Highlights: Salary & Sector-wise Analysis

B.Tech students received 558 offers above ₹20 LPA, the highest salary category. Overall, 1255 out of 1475 offers were ₹10 LPA or above, highlighting strong placement opportunities across higher salary brackets and offering encouraging prospects for students aiming for well-paying careers.

Range of Gross Salary (in INR) (Lakhs per annum) B.Tech	Number of Offers	Number of Companies
Above 20	558	123
Between 16.75 and 20	230	70
Between 14 and 16.75	227	60
Between 12 and 14	93	29
Between 10 and 12	161	46
Between 8 and 10	128	43
Between 6 and 8	68	25
Between 4 and 6	10	7
Total	1475	—

B.Tech students secured opportunities across diverse sectors, with IT/Software (178) and Engineering & Technology (159) accounting for the largest shares. Finance and Consulting also offered strong opportunities, while Data Science, Data Analytics, Product Management, AI/ML, and R&D provided options in emerging and specialised fields.

Sectors	B.Tech.
Engineering & Technology	159
IT/Software	178
Finance	80
Consulting	65
Research & Development	19
Data Analytics	27
Data Science	27
Design	0
Education	9
Product Management	15
Software Development	8
AI/ML	4
Services	4
PSU	5
Operations	4
Other	79
Total	683

• Average CTC: ₹23.50 LPA
• Median CTC: ₹17.92 LPA
• Branch-wise highest/median/average CTC: ₹3.67 crore per annum (Approximately)
• Offers above ₹20 LPA: 558
• Total accepted offers: 1475

What is the IIT Bombay Placement Office?

The Placement Office at IIT Bombay is responsible for coordinating campus recruitment, internships, and interactions between students and recruiting organisations. The official placement portal explains that recruiters register, submit job or internship opportunities, undergo verification, shortlist candidates, and conduct selection processes through a system coordinated by the Placement Office.

• The IIT Bombay Placement Office invites and communicates with organisations interested in hiring IIT Bombay students.
• The placement office checks job profiles, remuneration information, and other submitted details.
• The authority makes verified opportunities available to eligible students.
• The authority coordinates tests, interviews and campus recruitment dates.
• It supports students through assessments, technical preparation, communication and interview-oriented activities.
• The authority also coordinates internship opportunities that can contribute to future PPOs.
• Students can pursue jobs, higher studies, entrepreneurship, research and other career pathways.

IIT Bombay Top Recruiters

IIT Bombay attracts employers from engineering, technology, IT/software, finance, consulting, manufacturing, research and development, and other sectors. The institute’s official placement report recorded 300+ companies making job offers in 2023-24, while its IEOR department’s employer list includes organisations across banking, consulting, IT, manufacturing and defence/R&D.

Industry	Top Companies
Banking and Finance	American Express, Citigroup, Fidelity, HSBC Global Service Center, Kotak, Lehman Brothers, Merrill Lynch, NCDEX, Societe Generale, ICICI (Source: IIT Bombay List of Employers)
Consultancy	Deloitte Consulting, Amdocs, McKinsey Knowledge Center, Accenture Services, PricewaterhouseCoopers, Manhattan Associates, EXL Services (Inductis), DHL Supply Chain India Pvt. Ltd, Mahindra Comviva, JDA Software Pvt. Ltd
Information Technology	Amazon India, Flipkart, Infosys, IBM India, Intel Technologies, Oracle Technologies, Tata Consultancy Services (TCS), Wipro, Dell International Services Ltd, KPIT
Health and Education	Bayer, S P Jain Institute of Management Research, VIGNAN University, INRIA France, Shiksha ‘O’ Anusandhan University, Indegene, Hilabs
Manufacturing/Process	Bharat Forge Ltd, Bharat Heavy Electricals Ltd (BHEL), Crompton Greaves Global, Dow Chemical International Pvt. Ltd, General Motors (Halol), Shell, Taiwan Semiconductor Manufacturing Company Ltd (TSMC), TVS, Procter and Gamble, Exxon Mobil
Defence/R&D	General Motors (India Science Lab), Hindustan Aeronautics Ltd (HAL), Indian Army, Indian Space Research Organization (ISRO), INCOTECH, Tata Research Development & Design Centre (TRDDC), Boeing India
Miscellaneous	Akasa Air, John Deere India, Godrej Capital

IIT Bombay Startup and Innovation Ecosystem

IIT Bombay’s startup ecosystem complements its academic and placement environment by giving students and researchers an alternative pathway to employment: building companies and commercialising technology.

• SINE: The Society for Innovation and Entrepreneurship is IIT Bombay’s umbrella organisation for fostering entrepreneurship and nurturing technology startups.
• Incubation: SINE operates a technology-focused business incubator providing “start to scale” support.
• Research commercialisation: The ecosystem helps convert research and technology ideas into entrepreneurial ventures.
• Startup portfolio: SINE’s portfolio includes startups working in healthcare, renewable energy, industrial technology, AI, electronics and other areas.
• Investor ecosystem: Startups can connect with investors and ecosystem partners.
• Student entrepreneurship: IIT Bombay students can explore entrepreneurship alongside conventional placement opportunities.

SINE describes itself as an organisation that supports technology-based entrepreneurship and helps convert research activity into entrepreneurial ventures. Its portfolio includes multiple incubated startups across technology sectors.

Prepare for IIT with Matrix Academy: Why Choose Us?

For students from Sikar and surrounding regions in Rajasthan, preparing for IIT Bombay requires a long-term JEE Advanced strategy rather than last-minute exam preparation. Matrix Academy can support this journey through structured academic planning, advanced-level practice, regular testing, and performance analysis.

Why Matrix Academy?

• Proven IIT Bombay results: Matrix records IIT Bombay selections, including students such as Rishabh Meel (JEE Advanced AIR 70, 2025) and Kanak (AIR 517, 2025), who joined IIT Bombay CSE.
• Exceptional top-rank example: A total of 1200+ students of Matrix qualified in JEE Advanced 2026 (Highest in Sikar) from Matrix Academy. Matrix student Mayank Soni secured AIR 26 in JEE Advanced 2023 and joined IIT Bombay.
• Advanced-level preparation: Students need regular exposure to multi-concept and analytical JEE Advanced problems.
• Performance tracking: Matrix states that student performance is tracked and analysed to identify areas requiring improvement.
• Regular testing: Full-syllabus and advanced-level tests help students develop speed, accuracy, and exam temperament.
• Doubt support: Timely doubt resolution helps prevent conceptual gaps from accumulating.
• Local advantage for Sikar students: Students can access an established JEE-focused academic ecosystem without relocating to a major metropolitan coaching hub.
• Long-term planning: Students targeting IIT Bombay should ideally start structured preparation early and progressively increase the difficulty of problem-solving.

The goal should not simply be to “get IIT Bombay”; students should aim to build the conceptual depth and problem-solving ability required to perform strongly in JEE Advanced.

Conclusion

IIT Bombay remains one of India’s most competitive engineering institutes because it combines academic rigour, research, industry exposure, entrepreneurship and strong career opportunities. It ranked 3rd in Engineering in NIRF 2025, while its latest official 2023–24 placement data recorded an average CTC of ₹23.50 LPA and median CTC of ₹17.92 LPA. For JEE Advanced aspirants, the competition is particularly intense for CSE and Electrical Engineering, with 2026 General closing ranks of 70 and 450, respectively.

Students should not choose IIT Bombay only because of its placement packages; they should also consider branch preference, academic interests, research, internships, and long-term career goals. 

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