IIT Bombay Placements: Salary & Statistics

Did You Know? IIT Bombay's Phase-I Placements for 2023-24 recorded 85.92% placements with a significant rise in international offers and compensation. Over 300+ organisations participated in the process, including Airbus, Apple, Google, and Microsoft.

Source: IIT Bombay 

IIT Bombay has a strong alumni network that includes Nandan Nilekani (Co-Founder, Infosys), Bhavish Aggarwal (Co-Founder of Ola Cabs), and Parag Agarwal (Chief Executive Officer of Twitter). The placement process of IIT Bombay is centrally coordinated by the Placement Office. In IIT Bombay, every year, top recruiters come for the placement drives, such as Google, Microsoft, Apple, Tata Group, Goldman Sachs, and hire students for diverse roles, which shows the reputation of IIT Bombay.

IIT Bombay placement drive 2023-24 witnessed success with 1,475 students placed. The process was a hybrid model; the placement activities started in July 2023 and were completed on July 7th, 2024. 

The companies registered for the placement drives were 543, 388 participated, and 364 companies made offers. Notably, 22 students secured a package above ₹1 crore per annum. IIT Bombay saw a 12% increase in recruiting companies, which reflects industry reputation. 

IIT Bombay Placement Cell: Highlights in Brief

IIT Bombay placement 2023-24, recorded job offers, international roles, and ₹1 crore packages, showing the strong recruiters' confidence.

Shailesh J. Mehta School of Management’s (SJMSOM) MBA batch of 2023-2025 achieved 100% placement with 52 recruiters, including 27% new companies. The highest package stood at ₹53.8 LPA, and the average package was ₹25.82 LPA, reflecting industry engagement.

Sector-Wise & Role-Wise Distribution

In 2023-25, students secured diverse roles in key sectors such as BFSI, Consulting, Tech, FMCG, Pharma, and Operations with top profiles across management functions.

Placement Statistics for Past Batches (2021–2024)

SJMSOM has shown growth in the 2022-2024 batch, achieved ₹28.01 LPA average CTC with 47% Pre-Placement Offers (PPOs), while the 2021-2023 batch recorded ₹28.88 LPA average CTC.

SJMSOM has recorded 100 % placement rates. The table below highlights the progression in average and highest packages:

SJMSOM Placement Calendar

SHMSOM follows a structured placement timeline to ensure that it follows the placement timeline for full-season readiness:

The placement process at IIT Bombay is structured for students with top recruiters. It begins with students' registration, followed by the creation and verification of resumes. The process moves to the company presentations, online tests, group discussions, and interviews.

Key Steps in the Placement Process:

• Students Registration: Final year students' registration on the students' portal. 
• Resume Submission: Students upload their resumes on the portal for shortlisting.
• Company Presentation: Recruiters present job roles and company policy.
• Preliminary Screening: Include aptitude tests, coding tests.
• Group Discussion (GD): Shortlisted candidates participate in GDs to evaluate communication and analytical skills.
• Personal Interviews: Final round where recruiters assess technical and behavioural fit.
• Offer Rollout: Selected candidates receive job offers through the portal.

IIT Bombay follows a structured placement calendar from August to May, the final placement cycle. The process ensures timely engagement between students and recruiters. 

Key Placement Events (August–May):

• August – September: Summer Internship process begins.
• October – November: Pre-Placement Talks (PPTs).
• December – Mid-May: Final placement process.
• May: Internship evaluations and conclusion.

This timeline helps students prepare and allows companies to conduct a recruitment drive.

Placement Support:

IIT Bombay offers comprehensive placement support through its Placement Office, student bodies, and training initiatives. The institute ensures students are well-prepared to face recruitment challenges through continuous grooming, mentoring, and professional development programs.

• Placement Office (PC): Coordinates all recruitment activities, liaises with companies, and maintains placement records.
• Student Representatives (Placement Team): Serve as the bridge between students and recruiters, manage communication, and assist in organising interviews.
• Resume Workshops: Regular resume review sessions help students craft impactful CVs tailored for industry-specific roles.
• Aptitude and Soft Skills Training: Special modules on aptitude, group discussions, and personal interviews are conducted.
• Mock Interviews: Practice rounds with alumni and professionals simulate real placement scenarios.
• Company-Specific Sessions: Help students understand company expectations, role details, and hiring trends.