IIT Bombay M.Tech Placement, Salary, Top Recruiters, Internships
Riya Sharma12 Apr, 2024
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IIT Bombay M.Tech Placements- IIT Bombay offers excellent placements to M.Tech professionals to advance their careers and gain expertise. Last year, Recruiting organizations provided a total of 1898 employment offers to students, with 1516 accepted during the IIT Bombay Placements 2022-2023.
The highest domestic package offered by IIT Bombay was INR 1.68 crore per year, and the highest international package offered was INR 3.67 crore per year (USD 2.87 lakh). The IIT Bombay placement process is described in detail below.
Check: IIT Bombay M.Tech Admission 2024
IIT Bombay M.Tech Placements
Indian Institute of Technology Bombay holds a great position among top premier technological institutions of the nation. The institute offers Master of Technology Courses in a range of specializations of Engineering/Technology. There is a decent placement statistics of IIT Bombay in all the programs including M.Tech. The institute offers an attractive placement opportunities to M.Tech students to advance their career in their specific discipline.
On this webpage, candidates can find IIT Bombay M.Tech placements with number of job offers from companies, students placed and percentage of placement in the respective branches.
Check: IIT Bombay GATE Cut Off 2024
IIT Bombay M.Tech Placement 2023 Statistics
The Indian Institute of Technology Bombay's placement statistics are presented in tabular form below.
| Particulars | M.Tech Placements Statistics 2023 |
| Batch Size | 115 |
| Percentage of PPOs | 50% |
| Highest Package | INR 54 LPA |
| Average Package | INR 28.88 LPA |
| Top 25% Average Package | INR 40.80 LPA |
| Top 50% Average Package | INR 34.58 LPA |
| Top 75% Average Package | INR 31.41 LPA |
| Average Package (Female) | INR 29.35 LPA |
| Median Package | INR 26.64 LPA |
| Median Package (Female) | INR 28.90 LPA |
| Lowest Package | INR 20 LPA |
| Lowest Package (Female) | INR 23.50 LPA |
| Major Domains | FMCG / FMCD, Conglomerate |
IIT Bombay Placement Highlights
Here is the highlights for IIT Bombay Placements-
| Particulars | Package Offered |
| Students registered for placements | 2174 |
| Students participated in placements | 1845 |
| Number of Companies Participated | 384 |
| Total Number of Companies Making Job Offers | 324 |
| Total Number of Job Offers | 1898 |
| Number of Accepted Offers | 1516 |
| Number of Pre-Placement Offers | 300 |
| Pre-Placement Offers accepted | 194 |
| Job Offers above Rs. 1 crore accepted | 16 |
| International Job Offers accepted | 65 |
| Highest International Salary | Rs. 3.67 Crore |
| Highest Domestic Salary (C.T.C.) | Rs. 1.68 crore |
| Average Salary Package of Selected Students | Rs. 21.82 Lakhs per annum |
| Top Recruiting Sector | Engineering & Technology |
IIT Bombay M.Tech Placement Process
The procedure to be carried out to offer placements in M.Tech course at IIT Bombay are outlined below:- Companies are invited to attend the IIT Bombay placement drive by the placement office.
- Interested recruiters will register on the Indian Institute of Technology (IIT) Bombay website.
- Recruiters can then create positions or internships with employment specifics that will be reviewed by executive officers.
- Following verification, job offers are made available to students, and interested students can apply for these positions.
- Students are shortlisted by companies based on their resumes.
- After that, companies will perform screenings and choose students for interviews.
- Companies provide the IIT Bombay placement cell with a list of selected candidates.
IIT Bombay M.Tech Placements Records 2023
The IIT Bombay placements 2023 are still ongoing. A total of 1648 offers were submitted from 400 companies. During Phase 1 of the 2023 placements campaign, 1431 students were placed with 231 firms that visited the campus.
During the placement drive, some of the top recruiters included American Express, Honda Japan, Mc Kinsey & Company, Boston Consulting Group, and others. The following are the important highlights of IIT Bombay Phase 1 placement 2023 in contrast to IIT Bombay placements 2022:
| Particulars | Placements Statistics 2023 | Placements Statistics 2022 |
| No. of Recruiters Participated | 384 | 332 |
| No, of Recruiters Making Job Offers | 324 | - |
| No. of Registered Students | 2174 | - |
| No. of Students Who Actively Participated | 1845 | - |
| No. of Job Offers | 1898 | 1878 |
| No. of Accepted Offers | 1516 | - |
| No. of Pre-Placement Offers | 300 | - |
| No. of Accepted Pre-Placement Offers | 194 | 201 |
| Placement Percentage | 82.16% | - |
| Highest International Package | INR 3.67 CPA | INR 60.9 LPA |
| Highest Domestic Package | INR 1.68 CPA | INR 1.8 CPA |
| Average Package | INR 21.82 LPA | INR 22.7 LPA |
| Top Recruiting Sector | Engineering & Technology | Engineering & Technology |
| Top Recruiters | American Express, Boston Consulting Group, Honda Japan, McKinsey & Company, etc | Uber, Rubrik, Black Stone etc |
IIT Bombay M.Tech Placements 2023- Salary Offered
Here is the table for the salary trends of IIT Bombay Placements 2023-
| CTC Range | Number of Offers | Number of Companies |
| Above 16 LPA | 562 | 124 |
| INR 13.5 - 16 LPA | 284 | 71 |
| INR 11.5 - 13.5 LPA | 230 | 61 |
| INR 9.5 - 11.5 LPA | 172 | 47 |
| INR 7.75 - 9.5 LPA | 117 | 42 |
| INR 6.25 - 7.75 LPA | 54 | 24 |
| INR 5 - 6.25 LPA | 17 | 9 |
| INR 0 - 5 LPA | 5 | 3 |
IIT Bombay M.Tech Placements 2023 - Sector Wise
The table below summarizes the sector wise IIT Bombay Placements 2023-
| Sectors | B.Tech | Dual Degree | M.Tech | Other Programs |
| Engineering & Technology | 129 | 58 | 213 | 58 |
| IT/Software | 156 | 32 | 95 | 19 |
| Consulting | 75 | 28 | 33 | 18 |
| Research & Development | 27 | 14 | 37 | 14 |
| Education | 5 | 1 | 21 | 54 |
| Analytics | 36 | 14 | 17 | 12 |
| Finance | 52 | 12 | 1 | 11 |
| Design | 1 | 3 | 4 | 25 |
| Data Science | 7 | 3 | 11 | 4 |
| Public Sector Undertaking | 4 | 2 | 4 | 4 |
| Services | 5 | - | 4 | - |
| Others | 91 | 20 | 37 | 26 |
Here is the list of placement % with recruiters and offers details-
| Sectors | Placement Percentage | No. of Offers | No. of Recruiters |
| Engineering & Technology | 30% | 458 | 97 |
| IT/Software | 20% | 302 | 88 |
| Consulting | 10% | 154 | 29 |
| Research & Development | 6% | 92 | 30 |
| Education | 5% | 81 | 7 |
| Analytics | 5% | 79 | 21 |
| Finance | 5% | 76 | 32 |
| Design | 2% | 33 | 19 |
| Data Science | 2% | 25 | 13 |
| Public Sector Undertaking | 1% | 14 | 4 |
| Services | 1% | 9 | 4 |
| Others | 1% | 193 | 59 |
IIT Bombay M.Tech Placements 2023 - Course Wise
The table below summarizes the course wise IIT Bombay Placements 2023-
| Courses | Students Registered | Students Participated | Students Placed | Placement Percentage |
| B.Tech | 791 | 679 | 598 | 88% |
| M.Tech | 583 | 532 | 479 | 90% |
| Dual Degree (B.Tech+M.Tech) | 215 | 187 | 178 | 95% |
| M.Sc | 214 | 159 | 110 | 69% |
| Ph.D | 166 | 131 | 41 | 31% |
| M.Des | 76 | 63 | 39 | 61% |
| B.S. | 57 | 43 | 39 | 90% |
| B.Des | 23 | 12 | 7 | 58% |
| MPP | 12 | 9 | 6 | 66% |
| Dual Degree (B.Des+M.Des) | 10 | 9 | 8 | 88% |
| Others | 27 | 21 | 11 | 52% |
IIT Bombay M.Tech Placements 2023- Company Wise
The table below summarizes the company wise IIT Bombay Placements 2023-
| Company Type | No. of Placed Students |
| Placement Outside India | 65 |
| Placements in MNCs in India | 790 |
| Placements in Indian Companies | 661 |
IIT Bombay M.Tech Placement 2023 - Branch Wise
According to reports, 49 companies have participated in the Phase 1 and Phase 2 placements for the 2023 batches at IIT Bombay. The placements for the 2023 batch are listed below:
| Branch | Name of the Company | Highest CTC | Sector |
| All | Da Vinci Derivatives | INR 1.32 CPA | Finance |
| CSE / Electronics | QuadEye | INR 1.02 CPA | SDE And R&D |
| Mech | Shell | INR 22.5 LPA | Core |
| Others | NED | INR 47.5 LPA | SDE And R&D |
IIT Bombay M.Tech Placements 2023 - Year wise Trend
The table below summarizes the year wise IIT Bombay Placements 2023-
| Particulars | 2023 | 2022 | 2021 |
| Average Gross Salary | INR 16.66 LPA | INR 16.50 LPA | INR 13.67 LPA |
| Average CTC | INR 21.82 LPA | INR 21.50 LPA | INR 17.91 LPA |
| No. of International Offers | 65 | 66 | 58 |
| No. of Pre-Placement Offers | 194 | 201 | 149 |
The following are the average and highest package trends in IIT Bombay placements during the past three years:
| Particulars | Highest Package | |||
| 2020 | 2021 | 2022 | 2023 | |
| Highest Domestic CTC | N/A | INR 62 LPA | INR 1.89 CPA | INR 1.31 CPA |
| Highest International CTC | INR 1.63 CPA | INR 2.05 CPA | INR 2.1 CPA | INR 3.67 CPA |
| Particulars | Average Package | |||
| 2020 | 2021 | 2022 | 2023 | |
| Overall | INR 20,08 LPA | INR 17.91 LPA | INR 22.7 LPA | INR 23.26 LPA |
IIT Bombay M.Tech Placements 2023 - Internship Programs
The table below summarizes the internship programs for IIT Bombay Placement 2023-
| Particulars | Internship Statistics 2023 | Internship Statistics 2022 |
| No. of Internships | 1104 | 1195 |
| No. of PPOs Offered | 300 | 248 |
| No. of PPOs Accepted | 194 | 201 |
| Summer Internship Offers | 963 | 924 |
| Winter Internship Offers | 141 | 271 |
IIT Bombay Internship Placements 2023 Department-Wise
The below table summarizes the department-wise statistics of IIT Bombay Internship Placements 2023:
| Departments | Internship Offers |
| Computer Science | 237 |
| Electrical | 138 |
| Mechanical | 130 |
| Chemical | 98 |
| MEMS | 50 |
| Civil | 49 |
| Aerospace | 33 |
| Chemistry | 20 |
| Engineering Physics | 19 |
| Energy | 11 |
IIT Bombay Placements 2023 - Top Recruiters
The table below summarizes the top recruiters for the IIT Bombay Placements 2023-
| Courses | Top Recruiters |
| Aerospace Engineering | Honeywell, ISRO, Airbus, Gulfstream etc. |
| Applied Graphics Earth Sciences | Vedanta, CitiusTech, Sysmex, Indigence etc. |
| Center for Research in Nano Technology & Science, Civil Engineering | Tata, L&T, Ramboll etc. |
| Chemical Engineering, Chemistry | Piramal, Dr. Reddy’s, ITC, Hindustan Unilever etc. |
| Applied Statistics & Informatics, Mathematics | Accenture, Citi Bank, EY, EXL etc. |
| Computer Science Engineering | Google, Apple, IBM, Uber, Microsoft |
| Electrical Engineering | Texas Instruments, Samsung, NEC, Honda etc. |
| Energy Science & Engineering | Mahindra, SUZLON, GSE etc. |
| Engineering Physics | Analog Devices, BYJU’s, tsmc etc. |
| Geoinformatics & Resources Engineering, Humanities & Social Sciences | Bloom energy, Sony, Qualcomm, Rakuten etc. |
| Industrial Design Centre | Reliance, Google, IBM, Microsoft etc. |
| Industrial Engineering & Operations Research Metallurgical Engineering & Materials Science | P&G, NEC, JSW, muRata etc |
| Mechanical Engineering | Tata steel, Loreal Paris, DAIKIN, Jaguar etc |
| System & Control Engineering | Hitachi, Havels etc |
| Technology & Development | Micron, Delhivery, BDEING etc |
| Environmental Science & Engineering, Climate Studies | LT, EATOn etc |
IIT Bombay M.Tech Placement - Alumni Network
Here is the alumni network for IIT Bombay M.Tech Placement-
| Name of Organizations | Number of Alumni |
| Indian Institute of Technology Bombay | 2616 |
| 741 | |
| Microsoft | 560 |
| Amazon | 401 |
| E-Cell, IIT Bombay | 333 |
| Mood Indigo IIT Bombay | 317 |
| Techfest, IIT Bombay | 301 |
| Accenture | 252 |
| Goldman Sachs | 184 |
| JP Morgan Chase & Co | 177 |
| McKinsey & Company | 136 |
| Placement Office, IIT Bombay | 119 |
| Boston Consulting Group (BCG) | 119 |
| Student Alumni Relations Cell, IIT Bombay | 83 |
| Bain & Company | 74 |
IIT Bombay Ph.D Placement 2023
The table below summarizes the phd placements for IIT Bombay -
| Particulars | Ph.D Placements Statistics 2023 |
| Registered Students | 166 |
| Active Participants | 131 |
| Accepted Offers | 41 |
| Highest Package | INR 29 LPA |
| Average Package | INR 18.34 LPA |
| Percentage of Offers to Active Participants | 31.66% |
| Percentage Increase | 34.16% |
IIT Bombay M.Tech Placements FAQs
Q. What is the highest placement at IIT Bombay in 2023?
Q. Is there 100% placement at IIT Bombay?
Q. How many students at IIT Bombay receive a 1 crore package?
Q. What is the average salary at IIT Bombay in 2023?
Q. What are the top hiring sectors at IIT Bombay?
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