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IIT Bombay MBA Placements has an exceptional track record of attracting top-tier companies across various industries. The Shailesh J. Mehta School of Management (SJMSOM) offers MBA programs combining academic knowledge and practical industry experience. It prepares students to build a successful career in the corporate world. Graduates secure positions across various sectors, including consulting, finance, technology, and operations in top global companies. As per the SJMSOM IIT Bombay MBA placement report 2024, the highest and average packages offered during the placement were INR 72 LPA and INR 28.01 LPA, respectively. Furthermore, a total of 48 recruiting companies participated in the SJMSOM IIT Bombay placements 2024. Read further to get the detailed report on the IIT Bombay MBA Placements Branch Wise on this page.
SJMSOM IIT Bombay MBA Placements Overview
The SJMSOM IIT Bombay has strong placement records and offers students attractive career opportunities across various domains. SJMSOM has achieved rank 10 under the NIRF management category of NIRF India Rankings 2024. The SJMSOM IIT Bombay MBA fees cover tuition, accommodation, and other academic resources. It is expected to be around 14 Lakh+. The final SJMSOM admission to the MBA courses are based on the CAT
score, academics, work experience, and the personal interview scores. The SJMSOM IIT Bombay placement reports 2024 state that the average package offered to MBA graduates was INR 28.01 LPA. Here are the key highlights of IIT Bombay MBA placements shared below for the reference of the candidates:
IIT Bombay MBA Placements Key Highlights
| Particulars | Details |
| Establishment year | 1995 |
| Management School Name | Shailesh J. Mehta School of Management (SJMSOM) |
| Parent entity | IIT Bombay |
| Location | Mumbai, Maharashtra |
| NIRF India Rankings 2024: Management | 10th rank |
| QS World University Rankings Business and Management Studies 2024 | 5th rank |
| Courses Offered | MBA |
| IIT Bombay MBA Placement Package | INR 26.73 LPA- INR 72 LPA |
How is Placement in IIT Bombay for MBA?
The placement at IIT Bombay for MBA is highly competitive. Various leading companies from different sectors participate in this placement drive. Going by the SJMSOM IIT Bombay MBA Placement Report 2024, it is found that 48 companies participated in the placement drive. The highest placement package was INR 72 LPA, and the average package stood at INR 28.01 LPA.
During IIT Bombay MBA summer placements for 2023-25, the highest, median and average stipends were INR 5 Lakh, INR 3 Lakh and INR 2.92 Lakh, respectively. The average stipend offered to female candidates was INR 3.27 Lakh. A total of 45 companies participated in this summer placement, where 28% of students received INR 3.5 Lakh and above offers.
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SJMSOM IIT Bombay MBA Placements Report
Candidates applying for MBA admissions at SJMSOM must check previous years IIT Bombay placement reports to get an idea of placement statistics over the years. It provides insights into the highest CTC, average CTC, median CTC, number of recruitment companies, PPO rates, and other details. It also helps them understand the reputation and effectiveness of the institute’s placement support. Check the SJMSOM IIT Bombay MBA placements report for 2023 and 2024 in the tables shared below for reference purposes.
IIT Bombay MBA Placements Branch Wise
| Particulars | MBA Placement Statistics (2023) | IIT Bombay MBA Placement 2024 |
| Batch Size | 115 | 115 |
| Placement rate | 100% | 100% |
| Highest package | INR 54 LPA | INR 72 LPA |
| Average package | INR 28.88 LPA | INR 28.01 LPA |
| Average package (Female) | INR 29.35 LPA | INR 29.31 LPA |
| Top 75 percentile average package | INR 31.41 LPA | INR 30.71 LPA |
| Top 50 percentile average package | INR 34.58 LPA | INR 33.82 LPA |
| Top 25 percentile average package | INR 40.80 LPA | INR 38.29 LPA |
| Median package | INR 26.64 LPA | INR 26.73 LPA |
| PPO Rate | 50% | 47% |
| PPO average package | INR 30.35 LPA | INR 29.97 LPA |
IIT Bombay MBA Placements Average Package
As per the SJMSOM IIT Bombay MBA Placement Report 2024, the overall average package offered was 28.01 LPA. The average placement package offered to female candidates in 2024 stood at INR 29.31 LPA. We have compiled below the IIT Bombay MBA placements average package over the last three years. This will help candidates analyse the trend and make informed decisions.
SJMSOM IIT Bombay MBA Placements Average Package
| Particulars | MBA Placement Statistics (2022) | MBA Placement Statistics (2023) | MBA Placement Statistics (2024) |
| Average package | INR 25.9 LPA | INR 28.88 LPA | INR 28.01 LPA |
| Average package (Female) | INR 29.8 LPA | INR 29.35 LPA | INR 29.31 LPA |
| Top 75 percentile average package | INR 28.4 LPA | INR 31.41 LPA | INR 30.71 LPA |
| Top 50 percentile average package | INR 31.1 LPA | INR 34.58 LPA | INR 33.82 LPA |
| Top 25 percentile average package | INR 35.4 LPA | INR 40.80 LPA | INR 38.29 LPA |
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IIT Bombay Placements – FAQs
The placement in IIT Bombay for an MBA is lucrative as students get hired across various sectors, including consulting, finance, technology, and operations.
As per the SJMSOM IIT Bombay MBA placements report 2024, the highest package offered during the placement was INR 72 LPA.
Yes. An MBA from IIT Bombay is good because of its high-quality education, affordable fees, and 100% placement rates.