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Q. What is the highest placement at IIT Bombay in 2023?
Ans. According to sources, the worldwide top package offered at the completion of phase 1 of IIT Bombay placement 2023 was INR 3.67 crore per annum, while the domestic highest package was 1.31 crore per annum.
Q. Is there 100% placement at IIT Bombay?
Ans. Yes, IIT Bombay has a better rate of placement. However, many students choose to further their education or start their own businesses, which might have an impact on the placement rate. The institute's placement rate in IIT Bombay placement 2022 was 89%.
Q. How many students at IIT Bombay receive a 1 crore package?
Ans. 25 students received packages worth more than one crore annually from prestigious firms like Da Vinci Derivatives, Flow Traders, Quadeye, etc. as part of the first round of the IIT Bombay placement 2022.
Q. What is the average salary at IIT Bombay in 2023?
Ans. In the placement drive 2023, the overall average package at IIT Bombay was INR 23.26 LPA. PhD students received an average salary of INR 16 LPA. Previously, the average package for IIT Bombay placement in 2022 was 22.7 LPA.
Q. What are the top hiring sectors at IIT Bombay?
Ans. The Sector wise IIT Bombay placement data for 2023 has not yet been released. However, according to IIT Bombay placement drive 2022 data, Engineering & Technology, IT/Software, Finance, and Consulting are among the top recruiting sectors at IIT Bombay.
IIT Bombay M.Tech Placement, Salary, Top Recruiters, Internships
Discover IIT Bombay M.Tech Placements for various specializations in this article. Examine the IIT Bombay Previous Year M.Tech Placements Statistics here.
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.
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.
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:
