IIT Bombay is the number one engineering college in our country, standing at the top of the pinnacle of every engineering college in our country. Not only nationally but also internationally, standing at the spot of 45th rank among global engineering colleges and universities. As a result, IIT Bombay Placement breaks all the past placement figures. IIT Bombay average package is 23.50 LPA, and IIT Bombay median package is 17.92 LPA. Additionally, at a staggering 83.3% placement rate for B.Tech students, it is the highest placement rate from all the departments. More importantly, 558 students received job offers of more than 20 LPA, and 22 students received job offers of more than 1 Crore, the salary every engineer aspires to get. Check out the full blog for every IIT Bombay 2024 Placement detail breakdown.
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IIT Bombay Placement Highlights (2024)
| Particulars | Details |
| Total Number of Students | 2414 |
| Total Number of Actively ParticipatedStudents | 1979 |
| Total Number of Companies Offered Jobs | 364 |
| Total Number of Job Offers | 1650 |
| Total Number of Job Offers Accepted | 1475 |
| International Job Offers accepted | 78 |
| IIT Bombay Average Salary | INR 23.50 LPA |
| IIT Bombay Median Salary | INR 17.92 LPA |
| Jobs offering 1 Cr. annually accepted | 22 |
| Placement Rate (Every Engineering department, not branch) | 74.5% |
Note: Many students did not participate in the placement due to another commitments like building a startup, further academic pursuit, and going for off-campus placement options. Therefore, we must not assume that the institute fails to provide placement when the reality is far better than it. With the above commitments, they can score more high-paying jobs and sell their startups for millions of dollars without telling anyone.
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IIT Bombay Job Placement in Different Sectors (2024)
Many companies across various industries and economic sectors participated in the placement session, with key sectors including technology, software development, consulting, and management. Engineering and technology accounted for over 29% of total job offers, followed by IT at 20.81%, consulting at 7.93%, and miscellaneous roles at 11.1%. Additionally, around 78 international job offers were made.
| Job Offer Sectors | Number of Job Offers Accepted |
| Engineering and Technology | 430 |
| IT/Software | 307 |
| Consulting | 117 |
| Finance | 113 |
| Research and Development | 97 |
| Education | 30 |
| Public Sector Undertaking | 6 |
| Product Management | 20 |
| Data Analytics | 78 |
| Design | 33 |
| Data Science | 48 |
| Software Development | 16 |
| AI/ML | 15 |
| Others | 165 |
| Total | 1475 |
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IIT Bombay Placement Breakdown (2024)
| Range of Gross Salary (in INR annually) | Number of Job Offers Accepted |
| Above 20 LPA | 558 |
| Between 16.75 to 20 LPA | 230 |
| Between 14 to 16.75 LPA | 227 |
| Between 12 to 14 LPA | 93 |
| Between 10 to 12 LPA | 161 |
| Between 8 to 10 LPA | 128 |
| Between 6 to 8 LPA | 68 |
| Between 4 to 6 LPA | 10 |
| Total | 1475 |
FAQs
IIT Bombay doesn’t disclose the highest figure, but 22 students received job offers above 1 Crore annually.
No, around 74.5% of students are placed from all departments, and 83.39% of students are placed from B.Tech only. However, it must be noted that many students do not take part in placement to score a more high-paying job.
IIT Bombay doesn’t disclose the lowest figure, but 10 students accepted job offers paying around 4 to 6 LPA.